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Brown Shoe establishes 2008 EPS guidance
06 Mar '08
3 min read
We have improved our Wholesale gross margins by 130 basis points as we focus on reallocation of resources to our higher-margin branded businesses. We made significant progress in the execution of our Earnings Enhancement Plan, with pre-tax savings to date, net of reinvestment, of approximately $26 million.
Additionally, we accelerated our international expansion through our joint venture in China and continued to focus on brand acquisition opportunities ranging from Reba and Sam Edelman to larger strategic plays.
As a sign of confidence in our business and strategic direction, we repurchased 2.4 million shares in the fourth quarter and our Board of Directors authorized an additional 2.5 million share repurchase program."
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Additionally, we accelerated our international expansion through our joint venture in China and continued to focus on brand acquisition opportunities ranging from Reba and Sam Edelman to larger strategic plays.
As a sign of confidence in our business and strategic direction, we repurchased 2.4 million shares in the fourth quarter and our Board of Directors authorized an additional 2.5 million share repurchase program."
Click here to view more:
Brown Shoe Company Inc
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