Brown Shoe Q2 profit jumps, introduces strategic earnings enhancement plan
23 Aug '06
4 min read
Fiscal 2006 guidance has been updated to reflect the impact of the company's strategic initiatives. It is in the early stages of developing this earnings improvement program and therefore has provided estimated ranges for expected costs and benefits. As it refines this information in the upcoming quarters, it will provide updated guidance as appropriate.
For the full year fiscal 2006, the company estimates diluted earnings per share in the range of $2.08 to $2.17, inclusive of $0.15 per diluted share for stock option expense.
Brown Shoe is a $2.3 billion footwear company with global operations.
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