DSW Reported Third Quarter Earnings

Published on: 12 Dec, 2018

DSW Inc. (NYSE: DSW) shares surged 16% on Tuesday after the Company crushed estimates for the fiscal third quarter and raised its full-year guidance.


DSW reported net income of USD 39.3 Million, or 48 cents a share, which is up from the USD 4.01 Million, or 5 cents a share, in the year-earlier period. DSW came out with quarterly earnings of $0.70 per share, topping consensus estimates of  $0.53 per share. These figures are adjusted for non-recurring items. The discount shoe retailer brought in Revenue that rose to USD 833.0 Million from USD 709.7 Million, original estimates called for USD 795 Million. The Company’s same-store sales gained to 7.3%,  topping the 5.1% FactSet consensus.  


Full-year adjusted EPS guidance for DSW raised to a range of $1.70 to $1.85 compared to the prior range of $1.60 t0 $ 1.75. The company now predicts revenue to grow 12% to 14% in the full year, compared with prior guidance of up 6% to 9%


Over the last four quarters, the company has surpassed consensus EPS estimates four times. Chief Executive Officer, Roger Rawlins stated: "Our acquisition of Camuto Group brings powerful design and sourcing capabilities in-house and new streams of revenue from one of the leading lifestyle brands in fashion footwear.”  Acquisitions, merchandising, and marketing all are attributes when considering the strong growth for DSW.


Rawlins continued on saying, "Our investments in merchandising, marketing and talent drove continued top-line momentum, with comp growth across all businesses. Additionally, the nationwide roll-out of DSW kids drove the most successful back-to-school season in our history and our recently acquired Canadian business delivered the best results in the last five years."


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