Brown Shoe’S Earnings Lag On Low Wholesale Revenues
Brown Shoe Company’s total sales slid by 0.5 percent to $576.6 million in the 2nd quarter ended Aug. 4. The gross margin improved by 0.4 percentage points to 40.1 percent. Operating earnings fell to $17,963,000 from $26,266,000 in the year-ago quarter, and earnings before income taxes (EBIT) dropped to $15,128,000 ...
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