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Stock Market & Financial Investment News

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March 15, 2013
07:03 EDTBWSBrown Shoe reports Q4 adjusted EPS 14c, consensus 8c
Reports Q4 revenue $640.2M, consensus $634.33M. Famous Footwear reported Q4 sales of $380.1M. On a 52 week same-store-sales basis, the fourth quarter was up 4.4% over the prior year. During the quarter, the company closed or relocated 18 stores and added 12 new stores, and average revenue per square foot improved 6.9% year-over-year.
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April 10, 2014
07:31 EDTBWSBrown Shoe made material progress in it restructuring, says Brean Capital
Brean Capital said Brown Shoe made material progress in its restructuring to improve operating performance. The firm cited lower debt, continued store and channel optimization, and significant free cash flow. Shares are Buy rated with a $36 price target.

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