Home / Knowledge / News / Fashion / Brown Shoe announces Q2 results, sales raise 20%

Brown Shoe announces Q2 results, sales raise 20%

Aug '05
Footwear company Brown Shoe Company Inc reported consolidated net sales for the second quarter of 2005 rose 20.2 percent to $551,480,000, compared to $458,657,000 in last year's second quarter. Net earnings were $4,083,000, or $0.22 per diluted share for the second fiscal quarter ended July 30, 2005, and included after-tax charges of $1,798,000, or $0.09 per share, related to the Company's previously announced initiative to further strengthen its flagship Naturalizer brand by closing underperforming stores and streamlining certain wholesale functions.

Excluding this item, adjusted net earnings per share for the second quarter 2005 were $0.31 per share. Net earnings also were negatively affected by $1,272,000, or $0.07 per diluted share, from the impact of lower margins on the sales of inventory that had been written-up to fair market value in the Bennett acquisition, as required by purchase accounting rules.

In the year-ago quarter, net income was $7,668,000, or $0.40 per diluted share, which included after-tax costs of $945,000, or $0.05 per diluted share, to transition the licensed Bass business to Brown Shoe.

Brown Shoe's inventories at quarter-end were under plan at $494 million, up from $453 million last year due to the addition of Bennett and additional stores at Famous Footwear. The Company's debt-to-capital ratio at the end of the quarter was 41.2 percent. This compares to 25.8 percent at the end of the year-ago quarter, prior to the debt incurred in connection with Brown Shoe's acquisition of Bennett Footwear.

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Feb 2020

Australia willing to consider FTA with India on RCEP lines

Australia is willing to consider a bilateral free trade agreement...

Pic: Shutterstock

Apparel/Garments | On 27th Feb 2020

Hun Sen asks PRC garment investors not to leave Cambodia

Prime Minister Hun Sen recently again told Chinese garment sector...

Pic: B.Zhou / Shutterstock.com

Retail | On 27th Feb 2020

Retail brands restrict China operations amid COVID-19

The outbreak of COVID-19 is disrupting business dynamics in China....

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Martina Giorgetti,

Martina Giorgetti

Italy-based Cibitex is a manufacturer of textile finishing machinery,...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Asif Rahman, MIP

Asif Rahman

MIP is a manufacturer and distributor of high-performance textiles and...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search