- Comparable-store sales rose 5.1% for DSW (DSW) in Q1 off of strong demand for athletic footwear.
- Revenue for the DSW business was up 9.5% to $612.21M.
- Gross profit rate +110 bps.
- Merchandise margin rate +85 bps.
- Operating expense rate -10 bps.
- Inventory +13.8% on a cost per square foot basis.
- Guidance: DSW expects FY15 EPS of $1.80-$1.90 vs. $1.88 consensus.
- Previously: DSW beats by $0.06, beats on revenue
- DSW +1.52% premarket.