DSW Earnings: Here’s Why Investors are Excited 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. Shares are up 2.00%.
DSW Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 46.97% to $0.97 in the quarter versus EPS of $0.66 in the year-earlier quarter.
Revenue: Rose 9.74% to $562.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DSW Inc. reported adjusted EPS income of $0.97 per share. By that measure, the company beat the mean analyst estimate of $0.8. It beat the average revenue estimate of $559.69 million.
Quoting Management: “Second quarter sales rebounded nicely after a difficult start to the year. This sales bounce, coupled with excellent inventory management and prudent expense discipline, resulted in solid quarterly profit results. Moreover, in a volatile sales environment, DSW was able to post a solid 20% earnings growth for the first half of the fiscal year,” stated Mike MacDonald, President and Chief Executive Officer, DSW Inc.
Key Stats (on next page)…