DSW posts strong Q3, raises full year outlook

For its third quarter, DSW Inc. said that total revenue increased by 17.2 percent to 833 million dollars, including 80.1 million dollars from the consolidation of the Canadian retail business. Comparable sales for the period increased 7.3 percent excluding results from the Canada retail segment. Reported gross profit, as a percent of sales, increased by 320 bps, due to favourable merchandise margin. Reported net income was 39.3 million dollars or 48 cents per diluted share, while adjusted net income was 57.9 million dollars or 70 cents per diluted share, a 56 percent increase to last year.