DSW Inc. (DSW) posted first-quarter net income of $39.9 million or $0.89 per share compared to net loss of $38.1 million or $1.74 per share last year.
Adjusted net income rose to $44.1 million or $0.98 per share from $39.6 million or $0.87 per share in the same quarter a year earlier.
Quarterly sales increased 10.9% to $558.6 million from $503.6 million recorded a year ago.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.90 per share on revenues of $548.09 million for the quarter. Analysts' estimates typically exclude special items.
Going ahead, the company raised its annual 2012 guidance to a range of $3.25 to $3.40 for fiscal 2012 compared to prior guidance of $3.20 to $3.35. Analysts expect the company to earn $3.31 per share for the year.
Further, the company said its board of directors approved an increase in its dividend from $0.15 per share to $0.18 per share, an increase of 20%. The dividend will be paid on June 29, 2012 to shareholders of record at the close of business on June 19, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.