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Collective Brands, Inc. (PSS)

Stock (Apparel Stores Industry, Fashion Industry Industry, Retail Industry)

Collective Brands Inc. Issues Q1 2008 Guidance Above Analysts' Estimates Collective Brands Inc. announced that for first quarter 2008 it expects sales to be $932 million, reflecting the StrideRite acquisition, and earnings to be in the range of $0.61 to $0.67 per share. In addition, it expects EBITDA to exceed $100 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $922 million, EPS of $0.56 and EBITDA of $97 million for first quarter 2008. Collective Brands’ Q2 profits fall by 23 percent Collective Brands, formerly Payless ShoeSource, announced that its Q2 profit decreased by 23 percent due to higher costs and lower sales. The earnings of the company decreased from $32.5 million last year to $24.9 million.

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