DSW Inc. announced net sales for the third quarter ended Oct. 30, 2010 increased 9.6% to $489.3 million compared with $444.6 million for the quarter ended Oct. 31, 2009. Same store sales increased 10.1% for the comparable period versus an increase of 8.7% last year.
Net sales for the thirty-nine week year-to-date period ended Oct. 30, 2010 increased 12.5% to $1.35 billion compared with $1.20 billion for the thirty-nine week year-to-date period ended Oct. 31, 2009. Same store sales increased 12.6% for the comparable period versus an increase of 0.4% last year.
The company now estimates an annual comparable store sales increase of approximately 11% and annual diluted earnings per share of approximately $2.20 to $2.30 for fiscal 2010. This is updated from the company's previous estimate of an annual comparable store sales increase of approximately 7% to 9% and annual diluted earnings per share of approximately $1.80 to $1.95 for fiscal 2010. Fiscal 2009 annual diluted earnings per share were $1.23.
