DSW reports fourth quarter and 2014 FY results
DSW Inc. reported positive fourth quarter and fiscal 2014 results which include an increase in operating results company-wide.
For its fourth quarter, DSW saw its reported sales increase 11.9% from $572 million to $640 million and its reported net income increase from $28.1 million to $30.8 million.
The company saw full year sales increase 5.4% from $2.4 billion to $2.5 billion and reported net income increase 2.4% to $153.3 million.
For 2015, the company expects revenue growth of 7% to 8%, with comparable sales growth in the low to mid-single digit range.
President and CEO Mike MacDonald said, "We were gratified to report strong sales and profit growth in the fourth quarter. Our decisive actions earlier in the year in the areas of leadership, value, and marketing produced strong results. These actions produced the strongest comp performance in almost three years, with traffic gains in both store and digital channels."
DSW Inc. is a leading branded footwear and accessories retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. It currently operates over 430 stores as well as an e-commerce site and a mobile website.
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