Brown Shoe Company Q4 net sales up 1.8 percent

Brown Shoe Company’s net sales for the fourth quarter

were up by 1.8 percent. Net sales for the full year rose 0.6 percent. Same-store-sales were up 4.4 percent in fourth quarter. For the full year same-store-sales were up 4.5 percent. The company expects net sales of 2013 to be in the range of 2.55 dollars to 2.58 billion dollars.

Brown Shoe Company has reported net sales of 640.2 million dollars for the fourth quarter of 2012 versus net sales of 628.9 million dollars for the fourth quarter of 2011. For the full year 2012, net sales of 2,598.1 million dollars compared to 2,582.8 million dollars in 2011. Gross profit margin for the fourth quarter of 2012 improved to 39.3 percent from 37.9 percent in 2011. For the full year, it improved to 38.9 percent from 38.6 percent in 2011.

“We’re pleased to have wrapped up a strong 2012, with adjusted diluted EPS of 1.13 dollars, up more than 60 percent over the prior year,” said Russ Hammer, chief financial officer of Brown Shoe Company. “However, like many other peers, we are beginning to see the effect on our consumers of recent payroll tax changes and other fiscal events. As a result, we remain cognizant about the potential for changes in consumer discretionary spending in 2013 and any related impact on our results.” Brown Shoe Company is based in St Louis. It’s a 2.6 billion dollars global footwear company. It owns brands like Naturalizer, Dr. Scholl's Shoes and Vera Wang.