DSW Inc. Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Branded footwear and accessories retailer DSW Inc.(DSW) Tuesday reported a rise in its second-quarter earnings to $34.3 million or $0.38 per share from $33.7 million or $0.37 per share last year.

On an adjusted basis, net income totaled $33.6 million or $0.37 per share. On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.32 per share for the quarter. Analysts' estimates typically exclude special items. Quarterly sales increased 4.5 percent to $587 million from $562 million a year ago. Analysts' revenue consensus was $564.84 million. The board declared a quarterly cash dividend of $0.1875 per share, to be paid on September 30 to shareholders on record September 19. For the fiscal 2015, the company expects adjusted earnings per share to range from $1.50 - $1.65. Analysts forecast earnings per share of $1.53.