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.
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)…