May 25, 2010

DSW first quarter results beat Street, backs 2010 EPS view

May 25 (Reuters) - DSW Inc (DSW.N) reported a quarterly profit that beat market expectations, boosted by strong merchandise margins, and the shoe retailer backed its 2010 earnings view. The company, which sells branded footwear for men and women at discounted prices, reported net income of $30.2 million, or 67 cents a share, in the first quarter ended May 1, up from $7.1 million, or 16 cents a share, a year earlier.

Photo: www.dsw.com

Net sales at the Columbus, Ohio-based retailer rose 16 percent to $449.5 million.

Analysts on average were expecting earnings of 49 cents a share on revenue of $441.2 million, according to Thomson Reuters I/B/E/S.

DSW also reaffirmed its 2010 earnings view of $1.65 to $1.75 a share, and comparable-store sales up about 6 percent to 8 percent.

DSW shares closed at $27.26 Monday 24 May on the New York Stock Exchange. The shares have more than doubled in the past year. (Reporting by Shradhha Sharma in Bangalore)

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
DSW Q4 profit rises, forecast might meet analyst view
...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.
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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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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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