Retail Winners & Losers: PetSmart, DSW
NEW YORK (
) -- Retailers are losing some of their gains from earlier this week, but amid the red there are two very big gainers.
Shoestore
DSW
(DSW) - Get Designer Brands Inc. Class A Report
is soaring 14.3% to $20.19 after the company boosted its full-year outlook.
DSW now expects to earn between 70 cents and 80 cents a share, up from a prior forecast in the range of 37 cents to 45 cents a share.
The company attributed the revision to better-than-expected sales, but still remains cautious for the fourth quarter.
PetSmart
(PETM)
also lifted its guidance for the third quarter and full year, resulting in shares soaring 7.6% to $25.23 in afternoon trading.
The pet-products retailer said better profit margins and lower-than-expected expenses will put earnings between 25 cents and 29 cents in the third quarter, up from a prior forecast in the range of 20 cents to 24 cents a share. For the full year, the company now expects to earn $1.43 to $1.51 a share, surpassing previous guidance of $1.37 to $1.45 a share.
Other notable gainers include
Netflix
(NFLX) - Get Netflix, Inc. Report
TheStreet Recommends
, which is up 4.6% to $50.33,
Walgreen
(WAG)
, which is rising 2.3% to $39.62, and
Big Lots
(BIG) - Get Big Lots, Inc. Report
, which is climbing 2.5% to $27.29.
But most companies within the sector aren't as lucky.
Target
(TGT) - Get Target Corporation Report
is down 2.2% to $50.20,
Macy's
is 2.7% lower, to reach $20.16,
Ross Stores
(ROST) - Get Ross Stores, Inc. Report
is falling 2.5% to $45.20, Amazon.com is down 1.9% to $95.60 and
OfficeMax
(OMX)
is losing 3.4% to $13.60.
-- Reported by Jeanine Poggi in New York
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