DSW, Inc. (DSW) Misses Q1 EPS by 6c, FY EPS Guidance Falls Short
DSW, Inc. (NYSE: DSW) reported Q1 EPS of $0.40, $0.06 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $681.3 million versus the consensus estimate of $699.58 million.
- Comparable sales decreased by 1.6% compared to last year's increase of 5.1%.
GUIDANCE:
DSW, Inc. sees FY2016 EPS of $1.32-$1.42, versus the consensus of $1.58.
Previous Guidance | Updated Guidance | |||
Comparable sales | 1% - 2% growth | 1% - 2% decline | ||
Revenue growth | 8% - 10% | 6% - 7% | ||
Gross margin | flattish | decline 100 to 150 bps | ||
Operating expense growth | low teens | 7% - 8% | ||
Tax rate | approx. 39% | approx. 39% | ||
Shares outstanding | 83 million shares | 83 million shares | ||
Adjusted Earnings per share | $1.54 to $1.64/share | $1.32 to $1.42/share |
For earnings history and earnings-related data on DSW, Inc. (DSW) click here.