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DSW profit beats consensus by 18.3% in fiscal Q2

DSW Inc. said its normalized net income for the fiscal second quarter ended Aug. 2 came to 38 cents per share, compared with the S&P Capital IQ consensus estimate of 32 cents per share.

EPS climbed year over year from 37 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $34.2 million, compared with $34.0 million in the prior-year period.

The normalized profit margin declined to 5.8% from 6.1% in the year-earlier period.

Total revenue rose on an annual basis to $587.1 million from $562.1 million, and total operating expenses rose 5.1% year over year to $533.8 million from $508.1 million.

Reported net income came to $33.7 million, or 37 cents per share, compared to $34.0 million, or 37 cents per share, in the year-earlier period.