DSW Sees Strong Q3 Results (DSW)

Thu. October 15, 2009; Posted: 09:34 AM

Oct 15, 2009 (SmarTrend(R) News Watch via COMTEX) -- DSW | Quote | Chart | News | PowerRating -- 10/15/2009 - DSW Inc. (NYSE:DSW) raised its full-year profit outlook, citing better-than-expected sales as more shoppers took advantage of its discount prices on brand name and designer shoes. The company now sees full-year EPS of 70-80 cents, vs. the consensus estimates of 44 cents per share, up from the previous forecast of 37-45 cents per share, which was issued in August. The company anticipates sales at stores open at least a year will climb 6% to 8% in Q3, which ends October 31. DSW expects flat full-year at stores open at least a year, compared with previous expectations of a decrease. Despite the strong Q3 outlook, the company said it remains cautious about Q4 and believes that economic conditions will remain "challenging."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on DSW Inc (DSW) click here. DSW Inc (DSW) has Short Term PowerRatings of 5. Details on DSW Inc (DSW) Short Term PowerRatings is available at This Link.

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