DSW shares were higher over 5% in recent pre-market trade after the footwear retailer reported Tuesday fiscal Q2 adjusted net income of $0.38 per share, up from $0.35 per share in the prior year period and higher than the $0.29 per share Street estimate provided by Capital IQ.
Net sales for the quarter ended July 29 were $680.4 million, up from $658.9 million reported for the same period last year and higher than the $666.7 million Street estimate. Comparable sales rose 0.6%.
For FY2017, the company expects adjusted earnings to range from $1.45 to $1.55 per share. The Street consensus calls for earnings of $1.44 per share.