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.

Key Stats:

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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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com