DSW Inc. (NYSE:DSW) Files An 8-K Results of Operations and Financial ConditionItem 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On March 13, 2018, DSW Inc. (the “Company”) issued a press release regarding its consolidated financial results for the fourth quarter and fiscal year ended February 3, 2018. A copy of the press release announcing these financial results is attached as Exhibit 99.1 hereto and incorporated by reference herein.
to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Furthermore, the information in this Item 2.02 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.
Item 2.02 OTHER EVENTS
The Company’s March 13, 2018 press release further announced that the Company’s Board of Directors declared a dividend of $0.25 per share, to be paid on April 6, 2018 to shareholders of record at the close of business on March 23, 2018. Subject to the note relating to the press release contained in Item 2.02 of this Current Report on Form 8-K, the press release is attached as Exhibit 99.1 hereto and is incorporated by reference herein.
Item 2.02 FINANCIAL STATEMENTS AND EXHIBITS.
DSW Inc. ExhibitEX-99.1 2 pressrelease3132018.htm EXHIBIT 99.1 Exhibit Exhibit 99.1DSW Inc. Reports Fourth Quarter and Fiscal Year 2017 Financial Results•Fourth quarter sales increased 6.7% to $720.0 million; comparable sales increased 1.3% •Fourth quarter Reported EPS of $0.15 per diluted share,…To view the full exhibit click
About DSW Inc. (NYSE:DSW)
DSW Inc. is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses. The Company operates over 470 DSW stores, dsw.com and shoe departments in approximately 280 Stein Mart stores and Steinmart.com, over 100 Gordmans stores and Gordmans.com, and approximately one Frugal Fannie’s store. Its DSW stores average approximately 21,000 square feet and carry over 21,500 pairs of shoes. In addition, it offers DSW Rewards program, through which members earn points towards certificates every time they purchase.