DSW (DSW) Q4 Comps Flat, Narrows FY13 EPS Range
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DSW (NYSE: DSW) announced that fourth quarter 2013 comparable sales for the thirteen-week period ended February 1, 2014 were flat compared to a 3.6% increase for the same period last year.
Mike MacDonald, President and Chief Executive Officer stated, "Given the weak retail environment, we were satisfied with our financial performance. The updated earnings guidance means that DSW will post its fifth consecutive year of double digit EPS growth."
The Company narrowed its 2013 Adjusted EPS guidance to a range of $1.85 to $1.87 per share, versus $1.80-$1.90 prior and the consensus of $1.87.
Mike MacDonald, President and Chief Executive Officer stated, "Given the weak retail environment, we were satisfied with our financial performance. The updated earnings guidance means that DSW will post its fifth consecutive year of double digit EPS growth."
The Company narrowed its 2013 Adjusted EPS guidance to a range of $1.85 to $1.87 per share, versus $1.80-$1.90 prior and the consensus of $1.87.
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