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DSW Q4 reported sales increased 11.9%

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Staff writer ▼ | March 18, 2015
DSW reported financial results for the fourth quarter ended January 31, 2015. Q4 reported sales increased 11.9% to $640 million compared to last year's sales of $572 million.
DSW
DSW   $640 million in the fourth quarter
Adjusted sales increased 12.1% to $640 million compared to last year's sales of $571 million, excluding sales from the Company's luxury test. Comparable sales increased 7.6% compared to last year's flat comparable sales.

Reported net income was $30.8 million, or $0.34 per diluted share, which included an expense related to RVI of $0.1 million. This compares to last year's $28.1 million, or $0.30 per diluted share, which included $0.6 million of net charges related to RVI and the Company's luxury test.

Adjusted net income was $30.9 million, or $0.35 per diluted share, an increase of 13% over last year's $28.7 million, or $0.31 per diluted share.

Full year operating results

Reported sales increased 5.4% to $2.5 billion compared to last year's sales of $2.4 billion. Last year's sales included $18 million from the Company's luxury test. Adjusted sales increased 6.2% to $2.5 billion compared to last year's sales of $2.4 billion. Comparable sales increased by 1.8% compared to last year's increase of 0.2%.

Reported net income was $153.3 million, or $1.69 per diluted share, an increase of 2.4% over last year's Reported earnings per share of $1.65 per diluted share. Last year's Reported earnings per share includes $0.23 per share in charges related to RVI and the Company's luxury test.

Adjusted net income was $153.5 million, or $1.69 per diluted share, a decrease of 10% from last year's $1.88 per diluted share.


 

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