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DSW Inc. Message Board

  • adspatz adspatz Nov 26, 2013 11:01 AM Flag

    DSW profits rise 9.7%

    Search for "SEC Live Filings Digest" to find out more.
    DSW Inc. (DSW) announced its financial results for the third quarter of fiscal year 2013, reporting a 9.7% profit increase. After getting off to a slow start in third quarter, sales increased 6.8% to $633M, missing analyst predictions of $647.6M. The company is forecasting flat same-store sales for the remainder of the year, with same-store sales decreasing 0.7% this reported-on quarter. DSW profits were up from $50.1M and $0.55 per share to $55.0M and $0.60 per share. The company opened 16 new stores this quarter and expects a 4% to 5% increase in adjusted sales for the year. CEO Mike MacDonald commented that the company is pleased with the marked improvement in sales and traffic towards the end of the quarter, after getting off to a slow start, and achieved its highest level of profitability.

 
DSW
23.39Jul 22 4:01 PMEDT