Orlando, FL 1/10/12 (StreetBeat) – Shoe retailer DSW Inc (NYSE: DSW) raised its full-year profit outlook for the fourth time, encouraged by strong holiday season sales.The company, which sells branded footwear for men and women at discounted rates, said it now expects fiscal 2011 earnings of $2.96 to $2.99 a share, up from its previous forecast of $2.90 to $2.95 per share.
Analysts on average were expecting earnings of $2.95 a share, according to Thomson Reuters I/B/E/S.
The Columbus, Ohio-based company also said it plans to open 35 to 40 new stores in 2012.
DSW shares closed at $42.64 on Monday on the New York Stock Exchange.
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