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What Brown Shoe's Earnings Mean For Mutual Fund Investors (BWS)

Shauna O'Brien

|

Brown Shoe Company
Before the opening bell on Wednesday morning, Brown Shoe Company (BWS) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside the Results

Earnings

Brown Shoe reported net income of $16.24 million, or 37 cents per share, up from $6.16 million, or 14 cents per share, last year. Adjusted EPS was 20 cents, which came in above analysts’ estimate of 16 cents,

Revenue
Sales rose to $615.39 million from $599.96 million last year. Analysts expected to see sales of $626 million.

Outlook
For FY2015, the company expects to see EPS between $1.78 and $1.88. Sales are expected to be the range of $2.61 billion to $2.63 billion. Analysts expect to see EPS of $1.93 and $2.67 billion in revenue.

Shares Plunge on Cautious Outlook

The company posted higher earnings for the quarter, which was primarily due to strong sales in its Famous Footwear business and the divestiture of Shoes.com. However, going forward, Brown Shoe has issued cautious guidance for the year due to potential delays on the West Coast.

Mutual Funds to Watch

Investors interested in BWS may be interested in the funds listed below. These funds currently have the largest stakes in the company:
Symbol Mutual Fund Stake
FRVLX Franklin Small Cap Value A 3.09%
GOGFX Victory Small Company Opportunity R 1.83%
NAESX Vanguard Small Cap 1.70%

The Bottom Line

The funds listed above allow investors to gain exposure to BWS while remaining diversified. Investors interested in BWS may also be interested in DSW (DSW) and Finish Line (FINL).

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Brown Shoe Company

What Brown Shoe's Earnings Mean For Mutual Fund Investors (BWS)

Shauna O'Brien

|

Before the opening bell on Wednesday morning, Brown Shoe Company (BWS) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside the Results

Earnings

Brown Shoe reported net income of $16.24 million, or 37 cents per share, up from $6.16 million, or 14 cents per share, last year. Adjusted EPS was 20 cents, which came in above analysts’ estimate of 16 cents,

Revenue
Sales rose to $615.39 million from $599.96 million last year. Analysts expected to see sales of $626 million.

Outlook
For FY2015, the company expects to see EPS between $1.78 and $1.88. Sales are expected to be the range of $2.61 billion to $2.63 billion. Analysts expect to see EPS of $1.93 and $2.67 billion in revenue.

Shares Plunge on Cautious Outlook

The company posted higher earnings for the quarter, which was primarily due to strong sales in its Famous Footwear business and the divestiture of Shoes.com. However, going forward, Brown Shoe has issued cautious guidance for the year due to potential delays on the West Coast.

Mutual Funds to Watch

Investors interested in BWS may be interested in the funds listed below. These funds currently have the largest stakes in the company:
Symbol Mutual Fund Stake
FRVLX Franklin Small Cap Value A 3.09%
GOGFX Victory Small Company Opportunity R 1.83%
NAESX Vanguard Small Cap 1.70%

The Bottom Line

The funds listed above allow investors to gain exposure to BWS while remaining diversified. Investors interested in BWS may also be interested in DSW (DSW) and Finish Line (FINL).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

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