DSW raises FY13 earnings guidance, unveils 2-for-1 stock split

|About: DSW Inc. (DSW)|By:, SA News Editor

DSW (DSW) lifts its FY13 earnings guidance and reports same-store sales growth for the second quarter.

It now expects full year earnings to come in around $3.60 to $3.80 per share, up from the previous range of $3.40 to $3.60 per share, assuming low single digit same store sales growth for the full year.

Net sales came in at approximately $558M for the period ended August 3, compared to $512M for the year-ago period, an increase of approximately 9%.

Same store sales, excluding sales from the company's luxury initiative, rose 4.3%, compared to last year's 4.2% increase.

The company also unveils plans for a 2-for-1 stock split.

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