The discount designer shoe retailer said net income for the 2014 second quarter grew to $34.3 million, or 38 cents per diluted share, from $33.7 million, or 37 cents per diluted share for the 2013 second quarter.
Adjusted net income for the most recent quarter declined to $33.6 million, or 37 cents per diluted share, compared to $44.6 million, or 49 cents per diluted share for the year ago period.
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WATCH: More market update videos on TheStreet TV Separately, TheStreet Ratings team rates DSW INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation: "We rate DSW INC (DSW) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself."
You can view the full analysis from the report here: DSW Ratings Report
DSW data by YCharts
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