DSW Earnings: Everything You Must Know Now

DSW Inc. (NYSE:DSW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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DSW Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 2.04% to $1 in the quarter versus EPS of $0.98 in the year-earlier quarter.

Revenue: Rose 7.67% to $601.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: DSW Inc. reported adjusted EPS income of $1 per share. By that measure, the company beat the mean analyst estimate of $0.9. It beat the average revenue estimate of $588.81 million.

Quoting Management: “DSW’s first quarter performance demonstrated remarkable execution flexibility in a time of unprecedented swings in weather patterns. Our merchandising and supply chain teams were able to adjust merchandise receipts in weather sensitive categories while continuing to support trending categories with fresh product flow. We were pleased with the strong sales rebound in the final four weeks of the quarter that allowed us to minimize our comparable sales decline and exit the quarter with well positioned inventories,” stated Mike MacDonald, President and Chief Executive Officer, DSW Inc.

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 44.93% from $0.69 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.82 to a profit $0.76. For the current year, the average estimate has moved down from a profit of $3.87 to a profit of $3.49 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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