For the second quarter of 2006, the company expects sales of $580-$590 million and reiterates its guidance for net earnings per diluted share at $0.37 to $0.43 per diluted share, including stock option expense of approx. $0.04 per diluted share. This compares to second quarter 2005 diluted earnings per share of $0.14 on a post-split basis.
In the second quarter of 2005, Naturalizer restructuring charges of $0.06 were incurred as set forth in Schedule 5, which resulted in adjusted earnings per share of $0.20.
Brown Shoe is a $2.3 billion footwear company with global operations. It operates the 950+ store Famous Footwear chain, which sells brand name shoes for the family.
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