Brown Shoe (NYSE:BWS) Announces Quarter Profit Plunges 28% – BWS, SPLS, ODP, SBH, PETM

Brown Shoe Company, Inc. (NYSE:BWS) announced on Tuesday that its fiscal Q3 earnings plunged 28 percent from a year-earlier quarter that included asset-sale increases, though the footwear retailer benefited from better revenue and stronger margins.

Shares were increased 7.7 percent at $16.95 in current trading as earnings beat anticipations and Brown Shoe increased its guidance for the year. The stock is increase 90 percent current year following drop in 2011.

For the year, the firm surged its per-share earnings anticipates to $1.06 to $1.10 from its previous expects for 85 cents to 95 cents and affirmed its revenue view.

Sales at Brown Shoe’s fashion extensive division surged 5.2 percent. Excluding brands the firm has exited, the growth was 3.3 percent.

Brown Shoe Company, Inc (NYSE:BWS) stock hit highest price at $17.04, beginning with a price of $16.82 and reported increased +0.65% to $16.93 at 10:29AM EST with day range of $16.64-$17.04. The total market capitalization remained $727.00 million current volume was 190,064.00 shares surprisingly lower than its average volume of 343,124.00 shares.

To check the Stocks ups and downs, BWS last week stock price volatility remained 3.35% and month was at 3.28%. BWS generated revenue of 2.57 billion in the following twelve months income of $9.33 million. The Company showed a positive 0.38% in the net profit margin and in addition to in its operating margin which remained 1.34%. Company’s annual sales growth for the past five year was 0.89%.

The BWS past twelve months price to sales ratio was 0.28 and price to cash ratio remained 15.21. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Staples, Inc (NASDAQ:SPLS)’s P/S 0.33% P/C 7.76%, Office Depot Inc (NYSE:ODP)’s P/S 0.08% P/C 1.37%, Sally Beauty Holdings, Inc (NYSE:SBH)’s P/S 1.24% P/C 18.14%, PetSmart, Inc (NASDAQ:PETM)’s P/S 1.15% P/C 23.96%.

 

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Published by Donna Fago

I believe in writing content Informing investors with the knowledge they need to invest better today- I have been following the markets for many years and was asked to join the team at WallStreetPR.com recently due to my passion for the markets.