DSW Inc. Earnings: Positive Earnings Streak Continues
DSW Inc. (NYSE:DSW) reported its results for the fourth quarter. DSW is a branded footwear specialty retailer in the United States.
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DSW Earnings Cheat Sheet for the Fourth Quarter
Results: Net income for DSW Inc. rose to $19.4 million (37 cents per share) vs. $18.5 million (41 cents per share) in the same quarter a year earlier. This marks a rise of 4.8% from the year-earlier quarter.
Revenue: Rose 9.7% to $513.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DSW Inc. reported adjusted net income of 51 cents per share. By that measure, the company beat the mean estimate of 49 cents per share. Analysts were expecting revenue of $511.2 million.
Quoting Management: “We again posted solid results in the fourth quarter, with our performance driven by continued product excitement, compelling pricing and an efficient shopping experience. Total sales growth was broad-based across all of our key categories and geographic regions,” stated Mike MacDonald, President and Chief Executive Officer, DSW Inc.
The company has now seen its net income rise for three quarters in a row. In the third quarter, net income rose 51.1% and in the second quarter, the figure rose more than fivefold.
The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 8 cents in the third quarter, by 16 cents in the second quarter, and by 10 cents in the first quarter.
Revenue has increased for four quarters in a row. Revenue increased 8.5% to $530.7 million in the third quarter. The figure rose 14.7% in the second quarter from the year earlier and climbed 12% in the first quarter from the year-ago quarter.
Looking Forward: The average estimate for the first quarter of the next fiscal year is steady at 94 cents a share. Over the past three months, the average estimate for the fiscal year has climbed from $2.95 per to share to $2.98.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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