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DSW reports 2009 Q1 financial results
28
May '09
DSW Inc, a leading branded footwear specialty retailer, announced net income of $7.1 million on net sales of $385.8 million for the quarter ended May 2, 2009 compared with net income of $10.3 million on net sales of $366.3 million for the quarter ended May 3, 2008. Same store sales decreased 4.7% versus a decrease of 5.4% last year.

Diluted earnings per share were $0.16 for the first quarter of fiscal 2009 compared with diluted earnings per share of $0.23 last year.

Fiscal 2009 Outlook
For the fiscal year ending January 30, 2010, the Company estimates annual diluted earnings per share to be approximately $0.30 to $0.35.

The Company anticipates a mid-single digit decrease in comparable store sales and expects to open approximately ten new DSW stores compared with 41 new stores last year. Capital expenditures are expected to decrease to approximately $35 million compared with $81 million last year.

DSW Inc


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