PR Newswire
COLUMBUS, Ohio, Nov. 22, 2016
COLUMBUS, Ohio, Nov. 22, 2016 /PRNewswire/ -- DSW Inc. (NYSE: DSW), a leading branded footwear and accessories retailer, announced financial results for the thirteen-week period ended October 29, 2016, compared to the thirteen-week period ended October 31, 2015.
Roger Rawlins, Chief Executive Officer of DSW Inc. stated, "This quarter reflects the first step in our return to year over year earnings growth. After four consecutive declines, we reported a 16% increase in Adjusted Earnings Per Share this quarter. Tighter inventory management drove improvements in gross margin which, combined with effective expense management, resulted in an increase in net income. We've reduced clearance markdowns and we are positioned to generate more profitable sales in the holiday season."
Mr. Rawlins added, "Looking ahead, we remain steadfast in delivering consistent execution as we drive shareholder returns and capture market share in the long term."
Third Quarter Operating Results
Nine Months Ended October 29, 2016 Results
Third Quarter Balance Sheet Highlights
Regular Dividend
DSW Inc.'s Board of Directors declared a quarterly cash dividend payment of $0.20 per share. The dividend will be paid on December 30, 2016 to shareholders of record at the close of business on December 16, 2016.
Fiscal 2016 Annual Outlook
The Company increased its full year earnings guidance of $1.35 to $1.45 per share. Guidance excludes the impact of purchase price accounting, transaction costs and the fair market value accounting related to the acquisition of Ebuys and restructuring charges.
Webcast and Conference Call
To participate in the Company's live earnings conference call, log on to http://www.dswinc.com/ today at 8:30 a.m. Eastern Time, or call 1-888-317-6003 in the U.S. or 1-412-317-6061 outside the U.S. using passcode 9422868 approximately ten minutes prior to the start of the call. A telephone replay of this call will be available until 5:00 p.m. Eastern Time on December 6, 2016 and can be accessed by dialing 1-877-344-7529 in the U.S. or 1-412-317-0088 outside the U.S. and using passcode 10096038. An audio replay of the conference call will also be available at http://www.dswinc.com.
About DSW Inc.
DSW Inc. is a leading branded footwear and accessories retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. As of November 22, 2016, DSW operates 500 stores in 43 states, the District of Columbia and Puerto Rico, and operates an e-commerce site, http://www.dsw.com, and a mobile website, http://m.dsw.com. DSW Inc. also supplies footwear to 396 leased locations in the United States and two e-commerce sites under the Affiliated Business Group. DSW Inc. also owns Ebuys, a leading off price footwear and accessories retailer operating in digital marketplaces in North America, Europe, Australia and Asia. For store locations and additional information about DSW Inc., visit http://www.dswinc.com. Follow DSW on Twitter at http://twitter.com/DSWShoeLovers and Facebook at http://www.facebook.com/DSW.
DSW INC. | |||||||||||||||||||||
Q3 2016 SEGMENT RESULTS | |||||||||||||||||||||
| |||||||||||||||||||||
Net sales by segment | |||||||||||||||||||||
| Thirteen weeks ended | | Thirty-nine weeks ended | ||||||||||||||||||
| October 29, 2016 | | October 31, 2015 | | % change | | October 29, 2016 | | October 31, 2015 | | % change | ||||||||||
| | | | | | | | | | | | ||||||||||
| (in thousands) | ||||||||||||||||||||
| | | | | | | | | | | | ||||||||||
DSW segment | $ | 639,136 | | | $ | 628,778 | | | 1.6 | % | | $ | 1,866,096 | | | $ | 1,833,572 | | | 1.8 | % |
ABG segment | 36,154 | | | 36,742 | | | (1.6) | % | | 114,738 | | | 114,640 | | | 0.1 | % | ||||
Other | 21,326 | | | — | | | — | % | | 55,993 | | | — | | | — | % | ||||
DSW Inc. | $ | 696,616 | | | $ | 665,520 | | | 4.7 | % | | $ | 2,036,827 | | | $ | 1,948,212 | | | 4.5 | % |
| |||||||||||
| |||||||||||
Comparable sales change by reportable segment | |||||||||||
| Thirteen weeks ended | | Thirty-nine weeks ended | ||||||||
| October 29, 2016 | | October 31, 2015 | | October 29, 2016 | | October 31, 2015 | ||||
DSW segment | (1.8) | % | | (3.9) | % | | (1.5) | % | | 0.8 | % |
ABG segment | (4.6) | % | | (3.0) | % | | (3.1) | % | | 1.0 | % Werbung Mehr Nachrichten zur DSW Class A Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |