DSW Inc raised its profit outlook for the full year, citing a better performance in the first quarter. DSW forecast first-quarter same-store sales growth of about 16%.
The retailer raised its full-year profit view to between $1.65 a share and $1.75 a share, up from its previous outlook of between $1.35 a share and $1.45 a share.
It sees full-year same-store sales growth of 6% to 8%. It had earlier expected sales at stores open at least a year to rise in the low-single digit range.