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News

What DSW's Earnings Mean For Mutual Fund Investors (DSW)

Shauna O'Brien Mar 17, 2015



Inside DSW’s Results


The company reported earnings of $30.8 million, or 34 cents per share, up from $28.1 million, or 30 cents per share, last year. Adjusted EPS was 35 cents, above analysts’ view of 28 cents.

Revenue
Sales rose to $640 million from $572 million. Analysts expected to see revenue of $614.47 million.

Outlook
The company expects to see FY2015 sales growth between 7% and 8% and EPS between $1.80 and $1.90. Analysts expect to see EPS of $1.90.


Strong Same Store Sales


The company has taken advantage of the improving consumer confidence, and has been opening more stores, while improving existing stores.

In February, DSW boosted its quarterly dividend to 20 cents per share – lifting its yield to around 2%.


Mutual Funds to Watch



The Bottom Line


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