DSW: Fiscal 1Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ DSW Inc. (DBI) on Thursday reported fiscal first-quarter earnings of $31.2 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, were 43 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 43 cents per share.
The footwear and accessories retailer posted revenue of $878.5 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $872.5 million.
DSW expects full-year earnings in the range of $1.87 to $1.97 per share.
DSW shares have declined 27% since the beginning of the year. The stock has dropped 31% in the last 12 months.