DSW Surges on 2010 Outlook
DSW boosts its full-year outlook, sending shares spiking in morning trading.
NEW YORK (
) --
DSW
(DSW) - Get Designer Brands Inc. Class A Report
is spiking after the footwear retailer boosted its 2010 outlook.
DSW now foresees full-year earnings in the range of $1.65 to $1.75 a share, from prior outlook between $1.35 and $1.45 a share. DSW also predicts same-store sales growth of 6% to 8%; it previously expected sales at stores opened at least a year to increase in the low single digits.
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Analysts are calling for earnings of $1.44 a share for DSW on revenue of $1.66 billion.
Shares of DSW are surging 11.3% to $30.84 in morning trading.
-- Reported by Jeanine Poggi in New York.
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