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Before Wednesday’s opening bell, Brown Shoe Company (BWS) reported higher fourth quarter earnings, which beat analysts’ estimates.
Brown Shoe’s CGRO Ken Hannah commented: “While we’re confident about our 2015 strategy, we are also cautious about the potential for product delays in the first half of the year, as the West Coast port situation is gradually untangled."
BWS paid its last 7 cent dividend on January 2. We expect the company to declare its next dividend in the coming days.
Shares of BWS were down 21 cents, or 0.66% during premarket trading Wednesday. The stock has been mostly flat YTD.