Tuesday, August 28, 2018

DSW soars in Q2; to exit Town Shoes

Chain Store Age
DSW Inc. on Tuesday reported earnings and revenue for its second quarter that crushed analysts’ estimates and raised its full-year guidance.

DSW’s revenue for the quarter ended July 29 increased 16.4% to $795 million, blowing past the $691 million analysts had expected. Same-store sales rose 9.7%, also much better than expected.. . . more