DSW (DSW) Misses Street's Q4 Estimates; Won't Issue FY09 Outlook
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DSW Inc. (NYSE: DSW) reports Q4 loss of $0.17, 5 cents worse than the analyst estimate of ($0.12). Revenues for the quarter were $348.2 million, versus the consensus of $349.28 million.
Expects to open about 10 new DSW stores during '09, compared to 41 new stores in 2008. Capital expenditures are expected to decrease to approximately $35 million from $81 million in 2008. Given the current uncertainty in the macro-economic environment, the Company is not providing guidance for annual diluted earnings per share at this time.
UPDATE: Here are some highlights from the company's Q4 conference call.
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