Brown Shoe Company, Inc. (BWS) reported that its fourth-quarter of 2012 net earnings were $4.0 million, or $0.09 per share, compared to a loss of $8.2 million, or $0.21 per share, in the prior year. Fourth quarter 2012 results included portfolio realignment costs of $2.9 million, while earnings for the fourth quarter of 2011 included portfolio realignment and integration related costs of $18.5 million.
On an adjusted basis, net earnings were $5.9 million, or $0.14 per share, compared to $4.1 million, or $0.10 per share, in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter $640.2 million up from $628.9 million in the year ago quarter. Fourth analysts had consensus revenue estimate of $634.33 million for the quarter. Results for both the fourth quarter of 2012 and 2011 included sales of $2.8 million and $16.5 million, respectively, from brands and businesses the company has exited. Excluding exited brands, year-over-year net sales were up 4.8% in the quarter.
For fiscal 2013, the company expects earnings per share to be in the range of $1.16 to $1.23, adjusted earnings per share of $1.18 to $1.25, and net sales of billion $2.55 to $2.58 billion. Analysts expect the company to report earnings of $1.31 per share on revenues of $2.64 billion for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.