DSW Inc. (DSW) said it estimates comparable store sales of approximately positive 6% to 8% for the third quarter ending October 31, 2009.
As a result of better-than-expected sales performance, margin improvement and operational expense leverage for the ten week period ended October 10, 2009, the Company now estimates flat annual comparable store sales, compared to the previous estimate of annual comparable store sales in the negative mid-single digits.
The company now sees annual earnings per share of $0.70 to $0.80 for fiscal 2009, up from the previous earnings per share outlook of $0.37 to $0.45 for fiscal 2009.
Analysts polled by Thomson Reuters expect the company to report earnings of $0.44 per share. Analysts' estimates typically exclude special items.
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