DSW, Inc. (DSW) Tops Q2 EPS by 17c, Revenues Beat; Boosts FY18 EPS / Revenue Growth Outlook

DSW, Inc. (NYSE: DSW) reported Q2 EPS of $0.63, $0.17 better than the analyst estimate of $0.46. Revenue for the quarter came in at $795 million versus the consensus estimate of $680.22 million.

Chief Executive Officer, Roger Rawlins stated, "We are thrilled to report record sales and earnings results this quarter as our merchandise strategy and marketing investment fueled strong customer engagement, traffic and transaction activity, resulting in a 10% comp. The strong results we've had this spring demonstrate we're successfully activating customers and increasing lifetime value. I\'m proud of the progress we\'re making and with our updated earnings outlook, we look forward to sales reaching $3 billion for the first time in DSW's history."

"After completing our strategic assessment of the Canadian marketplace, we have decided to close its smallest retail banner and focus on the three largest family footwear banners which we believe have the most potential for future growth and profitability," Mr. Rawlins added.

GUIDANCE:

DSW, Inc. sees FY2018 EPS of $1.60-$1.75, versus the consensus of $1.61.

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

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