March 15, 2011

DSW Q4 profit rises, forecast might meet analyst view

March 15 - Footwear retailer DSW Inc reported a higher quarterly profit on strong demand during the holiday season, but forecast an annual profit that at best would meet Wall Street's expectations.

kelly & katie Jaylyn Snake wedge sandals, sold at DSW

The company said on Tuesday that it expects 2011 earnings of $2.60-$2.70 a share, excluding any impact from its purchase of Retail Ventures Inc. Analysts expect $2.70 a share, according to Thomson Reuters I/B/E/S.

For the fourth quarter, the company earned $18.5 million, or 41 cents a share, compared with $13.4 million, or 30 cents a share a year earlier.

Sales rose 16 percent to $468.5 million.

Shares of the company closed at $41.21 on Monday on the New York Stock Exchange.

(Reporting by Nivedita Bhattacharjee and Abhishek Takle in Bangalore. Editing by Robert MacMillan.)

archives DSW

5/23/12
Shoe retailer DSW beats expectations
...retailer DSW Inc posted first-quarter results above analysts' estimates, helped by a strong performance at its namesake stores, prompting the company to raise its full-year profit outlook.
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3/20/12
DSW quarterly results beat estimates
...DSW Inc posted a quarterly profit that beat analysts' estimates for the fourth consecutive quarter as discounts on designer shoes helped the footwear retailer attract more value-conscious customers to its...
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3/15/11
Brown Shoe Q4 profit misses, wholesale division drags
...retailer DSW Inc also missed quarterly earnings estimates. Brown Shoe shares fell 23.5 percent to $10.95 in early trading on the New York Stock Exchange on Tuesday. (Reporting by Nivedita Bhattacharjee; Editing...
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2/9/11
DSW to merge with Retail Ventures; ups FY profit view
...retailer DSW Inc said it agreed to merge with its largest shareholder Retail Ventures Inc in an all-stock deal, and raised its full-year outlook.
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9/2/10
Collective Brands Q2 misses on weakness at Payless
...N) and DSW Inc (DSW.N)said it expects 2010 capital expenditure of about $100 million, compared with $84 million in 2009. The company's shares, which have shed almost half their value since touching a year...
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5/25/10
DSW first quarter results beat Street, backs 2010 EPS view
...DSW Inc reported a quarterly profit that beat market expectations, boosted by strong merchandise margins, and the shoe retailer backed its 2010 earnings view.
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4/27/10
DSW raises 2010 profit outlook, shares rise
...retailer DSW Inc raised its profit outlook for the full year, citing a better performance in the first quarter, sending its shares up 7 percent before market.
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3/16/10
DSW fourth quarter profit trails estimates
...retailer DSW Inc posted a quarterly profit that lagged analysts' estimates as higher costs offset strong sales.
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1/12/10
DSW says fourth quarter sales above its estimates
...retailer DSW Inc said its fourth-quarter sales were better than expected and margins improved, and raised its full-year profit view for the third time to above market estimates.
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11/24/09
DSW third quarter profit tops Street; raises full-year outlook
...retailer DSW Inc posted better-than-expected quarterly results on higher sales and cost control, and raised its full-year outlook for the second time in a little more than a month.
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10/15/09
DSW raises FY EPS view
...retailer DSW Inc raised its full-year earnings outlook, citing higher-than-expected sales, margin expansion and better cost management so far in the third quarter.
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8/26/09
DSW second quarter profit beats Street, raises year view
...retailer DSW Inc posted a second-quarter profit that easily beat market expectations and raised its full-year profit forecast, as increased sales from new stores partially offset lower gross margins.
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5/27/09
DSW Q1 profit falls, outlook bleak; shares plunge
...DSW Inc posted a 31 percent fall in quarterly profit, hurt in part by higher operating expenses, and forecast fiscal 2009 earnings below analysts' estimates, sending the footwear retailer's shares...
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3/25/09
DSW names new CEO
...retailer DSW Inc said it named Michael MacDonald as its chief executive, replacing Jay Schottenstein, who retains his role of chairman.
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3/25/09
DSW Q4 loss wider than estimates
...retailer DSW Inc (DSW.N) posted a wider-than-expected quarterly loss, hurt in part by higher costs, and said it would not provide an annual earnings outlook given the uncertainty in the U.S. economy.
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2/13/09
Retail Ventures warns of Filene's liquidity risk
...retailer DSW Inc (DSW.N), has been exploring strategic alternatives to address a liquidity risk at the company and at its Filene's Basement unit. Last month, it said some Filene's stores would close by...
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1/30/09
Retail Ventures mulls options to address liquidity risk
...retailer DSW Inc (DSW.N), said in a regulatory filing. "The final determination to close these underperforming stores was due to decreased sales and operating profit during the fourth fiscal quarter, as well...
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10/28/08
Value City declares bankruptcy, to liquidate stores
...retailer DSW Inc is the largest unsecured creditor, with about $4.5 million in claims, according to court documents. The claim is being disputed. Retail Ventures Inc , the owner of the DSW Shoes and Filenes...
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8/28/08
DSW Q2 beats market expectations; reaffirms outlook
...retailer DSW Inc reported better-than-expected quarterly results, with a 67 percent rise in earnings, helped by strong merchandise margin rates. The Columbus, Ohio-based company earned $11.0 million, or 25 cents a...
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