Rochester,NY 8/29/2009 9:51:50 PM
DSW Inc.,DSW-Reported details of the last quarter
DSW Inc
DSW Inc., a leading branded footwear specialty retailer, recently declared net income of $7.6 million on net sales of $369.5 million for the quarter ended August 1, 2009, compared with net income of $11.0 million on net sales of $357.2 million for the quarter ended August 2, 2008. Same store sales decreased 2.9% versus a decrease of 6.9% last year.
Diluted earnings per share were $0.17 for the second quarter of fiscal 2009 compared with diluted earnings per share of $0.25 last year.
Highlight of Business Operations:
General. Total assets at June 30, 2009 as compared to December 31, 2008 decreased $9.5 million, to $986.6 million from $996.1 million. Gross loans decreased $59.7 million, partially offset by higher investments in available for sale securities and cash and cash equivalents. An rise in deposits nearly offset reduced borrowings from FHLB of Atlanta.
About Stock Einstein
StockEinstein uses proprietary technologies coupled with years of experience to uncover stocks we feel have the greatest potential for breakout performance. We utilize not only software, but time tested criteria to uncover these potential winners. When these benchmarks are reached or exceeded, our subscribers are immediately notified.
This service is free and available only to subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
Disclaimer: Full disclaimer at http://StockEinsteain.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinsteain, nor any of its affiliates are registered investment advisors or broker dealers.
