Brown Shoe gross profit rate in 2H10 expected to be 40.0%-40.5%
Selling and administrative expenses as a percent of net sales are expected to be in the range of 37.5%-38.0% for the full year of 2010, which includes net restructuring and other special charges of $7.0M-$7.5M for the company's information technology initiatives. Third quarter selling and administrative expenses expected to be in the range of 35.8%-36.3%, which includes net restructuring and other special charges of $2.0M-$2.5M for information technology initiatives as well as an increase in marketing and incentive compensation costs versus Q3 last year of approximately $20.0M, or 29c per diluted share on an after-tax basis. :theflyonthewall.com
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