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Top Shares - Collective Brands (NYSE:PSS) Shares At Year High After Q3 Earnings
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Collective Brands Inc. (NYSE:PSS) jumped 7.80% to $21.74 after hitting a new 52-week high at $22.07. Footwear retailer Collective Brands Inc (PSS.N) posted a third-quarter profit that beat market expectations, driven by a successful back-to-school season and strong boot sales.
It reported Q3 adjusted EPS of $0.61, versus the analyst estimate of $0.49. Revenue for the quarter was $ 867 million, which compares to the estimate of $847.62 million. Same store sales up 3.1%.
Collective Brands, Inc. (Collective Brands), formerly known as Payless ShoeSource, Inc., is the holding company for Payless ShoeSource, Inc. (Payless), The Stride Rite Corporation (Stride Rite), and Collective Licensing LP (Collective Licensing).
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