Log in to your IBTimes Account

close
ID
Password

DSW reaffirms outlook despite 1Q profit drop



By AP
29 May 2008 @ 08:49 am EST

COLUMBUS, OHIO - Discount shoe retailer DSW Inc. on Thursday reaffirmed its guidance, after it reported first-quarter profit fell 57 percent.

Related Topic

Get stories by e-mail on this topic.

  • consumerservices | RSS
  • DSW | RSS
  • Outlook | RSS
E-mail:
Quotes
DSW 15.32 0.2

SYMBOL LOOKUP

The company continues to expect earnings between 75 cents and 85 cents per share. Analysts polled by Thomson Financial predict a profit of 79 cents per share, on average.

DSW predicts sales in stores open at least one year, a key retail metric known as same-store sales, will fall in the mid-single digits.

Shares rose 57 cents to $14.27 during premarket electronic trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put t...
AirAsia, the region's biggest budget carrier, is making a risky bet. As soaring fuel prices have forced other airlines to cut back, shed jobs and ground ...
The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as Sunday, moved to the forefront of the presidential campaign Saturday as ...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives