DSW Raises 2011 EPS Guidance to $2.96-2.99 vs $2.90-2.95 Prior, $2.95 Est

DSW Inc. DSW has raised its annual diluted earnings per share guidance to a range of $2.96 to $2.99 for fiscal 2011 from a range of $2.90 to $2.95, excluding any impact from the RVI merger and related items. In addition, the Company plans to accelerate new store openings in 2012 to between 35 to 40 new stores, which is ahead of its long-term goal of 15 to 20 new stores per year. The Company remains extremely disciplined in its review and assessment of new store locations, and the acceleration of its new store opening plans reflects the strong pipeline of real estate opportunities that have become available.