DSW Sales Continue to Rise

DSW Inc. today reported it is still seeing an uptick in revenue.

The branded footwear retailer said net sales for the second quarter ended July 31 increased 12 percent to $415.1 million, from $369.5 million in the same quarter a year ago.

Same-store sales for the period also increased 12 percent, versus a decrease of 2.9 percent last 

For the first half of the year, revenue is up 15 percent from the same period a year ago, at $864.7 million, and same-store sales increased 14 percent.

The Columbus, Ohio-based company also upped its forecast for fiscal 2010. It now estimates an annual comparable-store sales increase of roughly 7 percent to 9 percent, and earnings per share of $1.80 to $1.95. 

Fiscal 2009 annual diluted EPS were $1.23.

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