DSW Inc. (NYSE:DSW) was out with quarterly figures, which influenced its stock price downward Tuesday.
The Columbus-based DSW claims to be one of North America's largest designers, producers and retailers of footwear and accessories.
Total revenue increased 13.3% to $3.2 billion, including $310.0 million from the acquisitions of the Canadian business (Canada Retail Segment) and Camuto Group
Adjusted net income was $134.9 million, or $1.66 per diluted share, which included a loss of $0.12 per diluted share from the wind down of operations for the exited businesses, which were not reflected in the Company's guidance.
Full-year reported net loss for fiscal 2018 was $0.26 loss per diluted share, including net after-tax charges of $1.92 per diluted share from adjusted items
The company also repurchased two million of its shares during the fourth quarter; including dividends, returning over $127 million to shareholders in fiscal 2018
CEO Roger Rawlins, stated, "Fiscal 2018 was one of the best years in our Company's history from a comparable sales and earnings growth standpoint. We crossed the $3-billion revenue threshold for the first time and drove a +6% increase in comparable sales as we strengthened connections with our customers.
“We built a compelling product assortment, including the expansion of DSW Kids, a differentiated services offering with our W Nail Bar partnership, and the re-launch of our award-winning loyalty program."
Excluding the additional 53rd week in fiscal 2017, fiscal 2018 Adjusted net income grew 14.3% and Adjusted EPS grew 13.7% compared to the prior year.
Shares plummeted $3.65, or 14.4%, to $21.71 early Tuesday.
