DSW beats by $0.02, beats on revs; maintains FY19 EPS guidance
- Reports Q1 (Apr) earnings of $0.39 per share, including a loss of $0.04 per share from residual Ebuys operations, which the Company exited at the end of the first quarter, $0.02 better than the Capital IQ Consensus of $0.37; revenues rose 2.9% year/year, including $5.6 million from residual Ebuys operations, to $712.1 mln vs the $683.83 mln Capital IQ Consensus.
- Comps +2.2%
- Reported gross profit, as a percentage of sales, increased by 40 bps due to the wind down of Ebuys to 28.9%
- Co reaffirms guidance for FY19, sees EPS of $1.52-1.67, excluding non-recurring items, vs. $1.62 Capital IQ Consensus Estimate.
No comments:
Post a Comment