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82 2013 BROWN SHOE COMPANY, INC. FORM 10-K
20. QUARTERLY FINANCIAL DATA (Unaudited)
Quarterly financial results (unaudited) for 2013 and 2012 are as follows:
Quarters
First Quarter Second Quarter Third Quarter Fourth Quarter
($ thousands, except per share amounts) (13 weeks) (13 weeks) (13 weeks) (13 weeks)
2013
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 588,656 $ 621,706 $ 702,788 $ 599,962
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240,016 254,626 278,240 241,407
Net (loss) earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (10,832) 15,283 27,284 6,161
Net (loss) earnings attributable to Brown Shoe Company, Inc. . . . . . . (10,762) 15,357 27,314 6,164
Per share of common stock:
Basic (loss) earnings per common share attributable
to Brown Shoe Company, Inc. shareholders (1) . . . . . . . . . . . (0.26) 0.36 0.63 0.14
Diluted (loss) earnings per common share attributable
to Brown Shoe Company, Inc. shareholders (1) . . . . . . . . . . . (0.26) 0.35 0.63 0.14
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.07 0.07 0.07 0.07
Market value:
High. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.48 24.78 24.25 28.70
Low . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.24 16.62 21.26 22.23
(1) EPS for the quarters may not sum to the annual amount as each period is computed on a discrete period basis.
Quarters
First Quarter Second Quarter Third Quarter Fourth Quarter
($ thousands, except per share amounts) (13 weeks) (13 weeks) (13 weeks) (14 weeks)
2012
Net sales (1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 598,179 $ 564,897 $ 695,985 $ 618,735
Gross profit (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 234,254 227,654 279,335 247,332
Net earnings (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,628 (2,714) 24,287 4,003
Net earnings (loss) attributable to Brown Shoe Company, Inc. . . . . . 1,695 (2,535) 24,292 4,039
Per share of common stock:
Basic earnings (loss) per common share attributable
to Brown Shoe Company, Inc. shareholders (2) . . . . . . . . . . 0.04 (0.06) 0.57 0.09
Diluted earnings (loss) per common share attributable
to Brown Shoe Company, Inc. shareholders (2) . . . . . . . . . . 0.04 (0.06) 0.56 0.09
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.07 0.07 0.07 0.07
Market value:
High. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.30 14.24 16.88 19.64
Low . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.49 8.28 13.22 14.76
(1) Adjusted from amounts previously reported in the Company’s Form 10-Q for the financial results related to discontinued operations.
Refer to Note 2 to the consolidated financial statements for further discussion.
(2) EPS for the quarters may not sum to the annual amount as each period is computed on a discrete period basis.