What Does That Mean For The Company?
DSW Inc. DSW said in a statement, “We have reduced our sales and earnings guidance to reflect the current trend of our business in a challenging retail environment. This is the prudent action to take so that inventory, expenses and capital investments are aligned to maximize profitability and positioned to expand earnings as our trend improves."
What Does That Mean For The Investor?
DSW continues a trend in the shoe sector. Shoe Carnival, Inc SCVL reported recently, missing both EPS and sales estimates, as did Genesco Inc. GCO.
At time of writing, DSW shares were trading down 12.06 percent at $19.11.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.