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DSW says sales trends showing improvement

Published 05/23/2017, 07:49 AM
© Reuters.  DSW says sales trends showing improvement
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  • DSW (NYSE:DSW) reports comparable sales fell 3.0% in Q1, roughly in-line with the 2.9% drop expected by analysts.
  • "First quarter sales were challenging, but trends improved during the quarter with comps turning positive in April," notes CEO Roger Rawlins.
  • Gross profit fell 180 bps as a percentage of sales during the quarter on a higher level of clearance activity. The operating expenses rate improved 40 bps on tighter expense management.
  • DSW sees full-year EPS of $1.45 to $1.55.
  • Previously: DSW misses by $0.03, beats on revenue (May 23)
  • Now read: adidas AG (ADDDF) Investor Presentation - Slideshow


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