DSW Inc. Q4 Profit Rises - Quick Facts

(RTTNews) - DSW Inc. (DSW) reported fourth-quarter net income of $30.8 million, or $0.34 per share, which included an expense related to RVI of $0.1 million. This compares to last year's net income of $28.1 million, or $0.30 per share, which included $0.6 million of net charges related to RVI and the company's luxury test. Adjusted net income was $30.9 million, or $0.35 per share, for the quarter. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.28 for the quarter. Analysts' estimates typically exclude special items. Net sales increased 11.9% to $640 million from $572 million, last year. Adjusted sales increased 12.1% to $640 million. Analysts expected revenue of $614.47 million for the quarter. Comparable sales increased 7.6%.

DSW's Board increased quarterly cash dividend to $0.20 per share. The dividend will be paid on March 31, 2015 to shareholders of record at the close of business on March 20, 2015.

For the full year 2015, the company expects revenue growth of 7% to 8%, with comparable sales growth in the low to mid-single digit range. The company expects to open 35 new stores, including 8-10 small format stores. Full year earnings per share is expected to range between $1.80 to $1.90 per share. Analysts expect the company to report full year 2015 earnings per share of $1.90.