Famous Footwear 2004 Annual Report Download - page 39

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Table of Contents
BROWN SHOE COMPANY, INC. 2003 FORM 10-K
Consolidated Earnings
($ thousands, except per share amounts) 2003 2002 2001
Net sales $1,832,108 $1,841,443 $1,755,848
Cost of goods sold 1,073,442 1,100,654 1,089,549
Gross profit 758,666 740,789 666,299
Selling and administrative expenses 681,585 667,456 653,063
Provision for environmental litigation costs 3,107 — —
Operating earnings 73,974 73,333 13,236
Interest expense 9,781 12,236 20,240
Interest income (462) (402) (1,329)
Loss on early redemption of debt — — 7,556
Earnings (loss) before income taxes 64,655 61,499 (13,231)
Income tax (provision) benefit (17,761) (16,327) 9,269
Net earnings (loss) $46,894 $45,172 $(3,962)
Basic net earnings (loss) per common share $2.65 $2.60 $(0.23)
Diluted net earnings (loss) per common share $2.52 $2.52 $(0.23)
See notes to consolidated financial statements.
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