DSW, Inc. (DSW) Misses Q1 EPS by 6c; Issues Light FY14 EPS Guidance

DSW, Inc. (NYSE: DSW) reported Q1 EPS of $0.42, $0.06 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $599 million versus the consensus estimate of $622.4 million.

For the thirteen week period ended May 3, 2014, comparable sales decreased by 3.7%.

DSW, Inc. sees FY2014 EPS of $1.45 - $1.60, versus the consensus of $1.90. This assumes low single digit comparable sales decline and Adjusted sales growth in the low single digit range. This guidance includes omni-channel related expenses of $10 million or approximately $0.07 per share, a tax rate slightly above 39% and diluted shares outstanding of 92.5 million.

For earnings history and earnings-related data on DSW, Inc. (DSW) click here.

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