Footwear retailer’s sales rise, but fall short on expectations
DSW credits inventory management and more focused campaigns for its profit growth during the fourth quarter.
For the period ended January 28, 2017, the chain’s sales increased 0.4% to $674.6 million, including $27.9 million in revenues from Ebuys. This profit of 20 cents per share was four cents better than analysts were expecting for the quarter, however sales missed their estimates of $695.5 million.
Adjusted net income was $16.5 million, an increase of 43% over last year.