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More on Brown Shoe (BWS): Revenue at Famous Footwear up 1.6% to $350.3M. Gross margin increased...

More on Brown Shoe (BWS): Revenue at Famous Footwear up 1.6% to $350.3M. Gross margin increased 140 bps to 39.0%, with SG&A expenses trending lower by 120 bps. Closed or relocated 26 stores and added 14 new stores during period. Adjusts its 2012 EPS outlook to $0.85-$0.95 vs. $0.83-$0.95 previous and $0.89 consensus. Shares +6.5% premarket. (PR)
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