Retailer DSW (NYSE:
DSW) is scheduled to report fourth-quarter 2011 results tomorrow, March 20, before the opening bell. The company has seen net income and revenue both increase in three consecutive quarters, and the stock is about 25% higher than three months ago. Investors no doubt will be hoping for more of the same.
ExpectationsThe Company
DSW is a retailer of branded footwear and accessories in the United States. The company operates more than 325 stores in 40 states and leases more than 330 departments for other retailers. It also offers its designer dress, casual and athletic footwear and accessories online. DSW is headquartered in Columbus, Ohio. It was founded in 1917 and now has a market cap of $2.4 billion.
Competitors include Brown Shoe (NYSE:
BWS), Collective Brands (NYSE:
PSS) and Foot Locker (NYSE:
FL). Brown Shoe and Collective Brands both posted a fourth-quarter loss, and the former said it will close stores. Foot Locker posted a better-than-expected fourth-quarter profit due in part to cost cutting efforts.
See also:Brown Shoe Company Down 11% After Missing Earnings Estimates and
Collective Brands Jumps 4% on Q4 Results
During the three months that ended in January, DSW saw strong holiday sales and it opened a new designer shoe warehouse in Lawrence, N.Y. The retailer also said it plans to open 35 to 40 stores this year, an increase from its previous estimate.
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