** charts before earnings **
** charts after earnings **
** 3 weeks later **
DSW beats by $0.05, reports revs in-line; reiterates FY17 guidance, completes expense review :
- Reports Q2 (Jul) earnings of $0.35 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.30; revenues rose 5.1% year/year to $659 mln vs the $658.95 mln Capital IQ Consensus.
- Comparable sales decreased by 1.2% compared to last year's increase of 1.8%.
- Co maintains guidance for FY17, sees EPS of $1.32-1.42, excluding non-recurring items, vs. $1.36 Capital IQ Consensus Estimate.
- The co completed a comprehensive expense review and identified approximately $25 million of annualized savings resulting from organization realignment and improvements in procurement and other business processes. Approximately 30% of these benefits, or $7 million, will be realized in 2016 and is included in the Company's full year guidance.
No comments:
Post a Comment