Q4 and 2006 sales increases at Brown Shoe
US-based footwear company Brown Shoe Company, Inc. has reported improved results for its fourth quarter and fiscal year ended February 3.
Net sales increased 6.6% to $639.3 million compared with $599.6 million in the fourth quarter of 2006 and net earnings increased slightly to $13.6 million from $13.4 million in the prior year quarter.
Net sales for 2006 increased 7.8% to $2.47 billion compared with $2.29 billion in 2005 while net earnings jumped to $65.7 million from $41 million the previous year.
In the Retail Division, total sales at the Famous Footwear chain increased 13% to $320.9 million compared with $284.1 million for the 13-week period in 2005.
The Specialty Retail segment, which primarily includes the Naturalizer Retail stores and the Shoes.com e-commerce business, reported sales of $73.9 million—an increase of 12.4% compared with the $65.7 million posted in the prior year.
Guidance for full year 2007 has been set between $2.48 billion and $2.52 billion and for the first quarter of 2007 the company expects net sales to be in the range of $575 million to $580 million.
