DSW Inc, a leading branded footwear specialty retailer, announced net income of $16.0 million on net sales of $332.2 million for the third quarter ended October 28, 2006, compared with net income of $10.9 million on net sales of $302.2 million for the comparable period last year.
Diluted earnings per share were $0.36 for the third quarter of 2006 compared with $0.25 for last year's third quarter.
Comparable store sales for the third quarter of 2006 increased 2.6% compared with the same period last year.
Nine Month Results For the nine months ended October 28, 2006, net income was $48.9 million on net sales of $950.0 million, compared with net income of $27.1 million on net sales of $860.3 million for the comparable period last year.
Diluted earnings per share for the nine months ended October 28, 2006 were $1.11 compared with $0.77 for the same period last year.
The fiscal 2005 nine-month results include $6.6 million of interest expense on a dividend note to the Company's controlling shareholder, Retail Ventures Inc, and $6.5 million for the accrual for losses associated with the data theft announced March 2005.
After adjusting for the dividend interest, the data theft accrual and the significant increase in shares as a result of the Company's initial public offering in June 2005, pro forma net income for the fiscal 2005 nine-month period was $35.0 million, or diluted earnings per share of $0.79.
The exhibitat the end of this release reconciles the non-GAAP pro forma net income and diluted earnings per share to the reported net income and diluted earnings per share for the fiscal 2005 nine-month period.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
