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Brown Shoe 3Q results top analysts’ estimates

By Washington Examiner
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ST. LOUIS (AP) — Brown Shoe’s third-quarter net income dropped 28 percent from year-ago results that included a hefty gain related to the sale of basketball footwear and clothing company And1.

Its earnings and revenue topped analysts’ expectations, however, on back-to-school sales and strong sales at its Famous Footwear shops. The shoe retailer boosted its full-year adjusted earnings outlook.

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