DSW Q3 Sales Beat Street

DSW Q3 Sales Beat Street
A DSW Shoes location.

DSW Inc.’s quarterly sales have trumped market expectations, and the firm raised its 2010 earnings outlook again.

The Columbus, Ohio-based retailer said Wednesday its net sales for the third quarter ended Oct. 30 increased 10 percent to $489.3 million, from $444.6 million in the same period a year ago.

Same-store sales jumped 10.1 percent in the quarter, compared with an increase of 8.7 percent last year.

Analysts were looking for revenue of $471.6 million, as polled by Yahoo Finance. Shares of DSW rose 6 percent in morning trading after the firm’s announcement.

DSW now estimates earnings per share for fiscal 2010 to be between $2.20 and $2.30, up from its previous estimate of $1.80 to $1.95.

The firm reports its third-quarter earnings results at the end of this month.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s