** charts before earnings **
** charts after earnings **
** 1 month later **
DSW beats by $0.07, beats on revs; guides FY17 EPS in-line :
- Reports Q4 (Jan) earnings of $0.14 per share, $0.07 better than the Capital IQ Consensus of $0.07; revenues rose 5.0% year/year to $672 mln vs the $645.25 mln Capital IQ Consensus. Comparable sales increased 0.7%. Gross profit decreased 300 bps due to higher promotions.
- Co issues in-line guidance for FY17, sees EPS of $1.54-1.64 vs. $1.60 Capital IQ Consensus Estimate.
- Sees revenue up 8-10% (consensus represents +3%), with comparable sales growth in the 1% to 2% range.
- On March 4, 2016, the Company completed the previously announced acquisition of Ebuys, Inc., a leading e-commerce off price footwear and accessories retailer operating in digital marketplaces in North America, Europe, Australia and Asia. Ebuys, Inc. is expected to contribute approximately $100 million in FY16 sales.
- Sees revenue up 8-10% (consensus represents +3%), with comparable sales growth in the 1% to 2% range.
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