(DSW, EPL, CRWE, CTB) Stock in Review by Stock-PR.com
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DSW Inc. (NYSE:DSW), a leading branded footwear and accessories retailer, announced financial results for the three month and six month periods ended July 30, 2011, which compares to the three month and six month periods ended July 31, 2010 last year. Net sales increased 14.7% to $476.3 million from $415.1 million in the second quarter of 2010. Comparable sales for the second quarter increased 12.3%. This follows a 12.0% increase in comparable sales in the second quarter of 2010. Reported net income was $139.9 million, or $3.96 per diluted share on 35.4 million weighted average shares outstanding, which included a net benefit of $106.2 million, related to the merger with RVI. This compares to reported net income of $26.9 million, or $1.00 per diluted share on 22.3 million weighted average shares outstanding, in the second quarter of 2010. Net sales increased 13.3% to $979.9 million from $864.7 million for the first six months of 2010. Comparable sales for the first six months increased 11.5%. This follows a 14.1% increase in comparable sales in the first six months of 2010. Reported net income was $101.7 million, or $3.54 per diluted share on 28.7 million weighted average shares outstanding, which included a net benefit of $28.4 million, related to the merger with Retail Ventures, Inc. This compares to reported net income of $21.0 million, or $0.98 per diluted share on 21.4 million weighted average shares outstanding, in the second quarter of 2010.
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