Retail Ventures reports Q4 profit, comps growth

COLUMBUS, Ohio -- Retail Ventures reported that income from continuing operations for the quarter ended Jan. 29 was $5.7 million on net sales of $468.5 million, compared with the loss from continuing operations of $5.3 million on net sales of $402.6 million for the same period last year. DSW same-store sales increased 14.9% during the fourth quarter versus an increase of 12.9% last year.

Diluted loss per share from continuing operations attributable to Retail Ventures common shareholders was 3 cents for the fourth quarter compared with diluted loss per share from continuing operations attributable to Retail Ventures of 21 cents per share last year.

The income from continuing operations for the year ended Jan. 29 was $51.8 million on net sales of $1.82 billion, compared with loss from continuing operations of $65.6 million on net sales of $1.6 billion for the prior year. DSW same-store sales increased 13.2% for the year versus an increase of 3.2% last year.

Diluted earnings per share from continuing operations attributable to Retail Ventures common shareholders was 23 cents per share for the year compared with diluted loss per share from continuing operations attributable to Retail Ventures of $1.76 per share last year.