Collective Brands to Release First-Quarter Numbers

By: Associated Press
By: Associated Press

TOPEKA, Kan. (AP) _ Collective Brands Inc. releases first-quarter results Wednesday, showing how it has weathered a slowdown in consumer spending.

The Topeka-based company operates the Payless ShoeSource and Stride Rite retail chains. It also sells shoes wholesale and oversees brand licenses.

First-quarter numbers are scheduled for release after markets close Wednesday.

Analysts surveyed by Thomson Reuters expect earnings of 46 cents per share on $888.2 million in revenue during the fiscal quarter that ended last month.

Collective Brands has suffered along with other retailers as shoppers have gotten more stingy because of the economy. It lost $144 million during the previous quarter as quarterly revenue declined 5.4 percent to $735.2 million.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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