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Footwear specialty retailer DSW updates outlook
09
May '08
DSW Inc reported net sales for the quarter ended May 3, 2008 increased 3% to $366.3 million compared with $357.0 million for the quarter ended May 5, 2007. Same store sales decreased 5.4% for the comparable period versus a decrease of 3.6% last year.

2008 Outlook:
For the fiscal year ending January 31, 2009, the Company estimates annual comparable store sales to be in the negative mid-single digits and annual earnings per diluted share to be in the range of $0.75 to $0.85.

This outlook is updated from the Company's previously announced guidance, issued on March 27, 2008, of negative comparable store sales for the first half of fiscal 2008 and earnings per diluted share for the first half of fiscal 2008 significantly below the $0.68 per diluted share reported for the first half of fiscal 2007.



DSW Inc


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