versus estimates .30 cents and 600k sales WOW!
prnewswire November 17 after close of market
Brown Shoe Announces Preliminary Third Quarter Results
- Famous Footwear comparable store sales increased 4.7 percent in the third quarter
- Expects third quarter diluted earnings per share to be in the range of $0.36 to $0.37, or $0.40 to $0.41 on an adjusted basis

* Press Release
* Source: Brown Shoe Company, Inc.
* On 4:08 pm EST, Tuesday November 17, 2009

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ST. LOUIS, Nov. 17 /PRNewswire-FirstCall/ -- Brown Shoe Company, Inc. (NYSE: BWS - News) today announced preliminary sales and earnings for the third quarter ended October 31, 2009. In a separate press release today, the Company also announced a series of divisional leadership changes, with the expected retirements of Joe Wood, Division President - Retail, and Gary Rich, Division President - Wholesale, in early 2010 and details to their succession plans.
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Preliminary results for the 13-week period ended October 31, 2009:

* Total net sales of $625.6 million, a one percent decline from net sales of $631.7 million in the third quarter of 2008;
* Famous Footwear comparable store sales increased 4.7 percent, as compared to a 5.0 percent decline in the third quarter of 2008;
* Specialty Retail comparable store sales increased 4.1 percent, as compared to a 6.7 percent decline in the third quarter of 2008; and
* Wholesale sales declined 16.5 percent in the quarter, in line with the Company's previous stated outlook.

The Company currently expects third quarter net earnings per diluted share attributable to Brown Shoe Company, Inc. (hereafter "net earnings per diluted share") in the range of $0.36 to $0.37. Excluding charges of $0.04 per diluted share related to its information technology initiatives, the Company expects to generate $0.40 to $0.41 per diluted share on an adjusted basis in the quarter. This compares to net earnings per diluted share of $0.25 in the third quarter of 2008, which included $0.24 per diluted share in charges related to the Company's headquarters consolidation and its information technology initiatives. The Company plans to provide its fourth quarter outlook when it reports full results for the third quarter on November 24, 2009.