News Flash

Ohio-based branded footwear retailer revises 2007 outlook

26 Oct '07

1 min read

DSW Inc, a leading branded footwear specialty retailer announced that, based on net sales results for the 11 weeks ended October 20, 2007, the Company estimates a mid-single-digit decline in comparable store sales for the third quarter ending November 3, 2007.

As a result, annual comparable store sales are now estimated to be in the range of flat to down 2% for fiscal 2007, below the Company's previously announced estimate for comparable store sales of flat to up 3%.

DSW plans to report comparable store sales for the third quarter before the opening of trading on the New York Stock Exchange on Thursday, November 8, 2007.

Based on current business trends, estimated annual 2007 earnings are now expected to be at least 10% below last year's reported diluted earnings per share of $1.48, below the Company's previously announced estimate for diluted earnings per share of $1.63 to $1.68.

The Company is maintaining its plans to open at least 35 new DSW stores during the year and remains committed to making investments in future growth initiatives throughout the balance of fiscal 2007.

DSW Inc

More DSW Inc News... More Fashion News - United States Of America...