Brown Shoe (NYSE: BWS) reported earnings on May 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 4 (Q1), Brown Shoe missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share grew significantly. GAAP earnings per share dropped to a loss.

Gross margins expanded, operating margins increased, net margins dropped.

Revenue details
Brown Shoe notched revenue of $588.7 million. The five analysts polled by S&P Capital IQ expected sales of $609.0 million on the same basis. GAAP reported sales were 6.0% lower than the prior-year quarter's $626.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.32. The six earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. Non-GAAP EPS of $0.32 for Q1 were 39% higher than the prior-year quarter's $0.23 per share. GAAP EPS were -$0.26 for Q1 compared to $0.04 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 40.8%, 240 basis points better than the prior-year quarter. Operating margin was 4.4%, 90 basis points better than the prior-year quarter. Net margin was -1.8%, 210 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $598.5 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $2.54 billion. The average EPS estimate is $1.23.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 113 members out of 140 rating the stock outperform, and 27 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Brown Shoe a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brown Shoe is outperform, with an average price target of $19.33.

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