DSW stock is sinking on Tuesday, following the shoe retailer’s fourth-quarter earnings report and new three-year targets.
What’s new. DSW said that it lost seven cents a share in the quarter on revenue of $843.4 million, while analysts were looking for a nickel per-share profit on revenue of $842.7 million. At the company’s investor day on Tuesday, DSW said it plans to change its name to Designer Brands, which will trade under the ticker DBI, and that it expects to deliver earnings per share of $2.65 to $2.75 on a 13% annual compound growth rate by 2021 and low-single-digit same-store sales.
Not sure what DSW mean* look it up... Oohhhh now I get the pun. give whoever runs this feed a raise
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