DSW slashed its outlook for the year because retail is really hard right now (DSW)
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DSW shares fell 8% in pre-market trading Tuesday after the company cut its forecast for profits this year amid "a challenging retail environment."
In its first-quarter earnings report, the footwear retailer said it now expects adjusted earnings per share (EPS) of $1.32 to $1.42, down from a prior range of $1.54 to $1.64. The higher end of its new forecast trails analysts' estimate of $1.58, according to Bloomberg.
DSW also lowered its revenue expectations... Читать дальше...