Its earnings and revenue topped analysts’ expectations, however, on back-to-school sales and strong sales at its Famous Footwear shops. The shoe retailer boosted its full-year adjusted earnings outlook.

Its stock climbed more than 6 percent in afternoon trading after rising earlier to its highest level in more than two years.

For the period ended Oct. 27, the company that also owns the Naturalizer shoe chains earned $24.3 million, or 56 cents per share, down from $33.7 million, or 79 cents per share, a year earlier.

Removing portfolio realignment charges and other items, earnings increased to 60 cents per share from 51 cents per share. Analysts polled by FactSet forecast earnings of 46 cents per share.

Revenue climbed 3 percent to $732.2 million from $713.8 million. Wall Street expected $703.2 million in revenue.

Revenue at Famous Footwear locations open at least a year rose 6.8 percent for the quarter. This metric is a key gauge of a retailer’s health because it excludes results from stores recently opened or closed.

That included a 5.5 percent increase in the back-to-school season. The company said sales of boat shoes, running shoes and accessories were strong.

Contemporary fashion wholesale sales rose 5.2 percent, with strong performances from the Sam Edelman, Franco Sarto and Fergie brands. In the Healthy Living portfolio, wholesale sales climbed 2.1 percent, driven by LifeStride, Ryka and Dr. Scholl’s.

Brown Shoe Co. anticipates full-year adjusted earnings of $1.06 to $1.10 per share. Its prior forecast was for earnings between 85 cents and 95 cents per share. The retailer maintained its outlook for revenue in a range of $2.57 billion to $2.59 billion. Analysts expected 2012 earnings of 92 cents per share on revenue of $2.57 billion.

Shares of Brown Shoe gained 96 cents, or 6.1 percent, to $16.70 in afternoon trading Tuesday. Earlier in the session the stock reached $16.96, its highest point since June 2010.