COLUMBUS, Ohio — DSW reported that its fourth quarter sales increased 15.7% to $594.3 million from $513.7 million for the same period last year. Comparable sales increased 3.6%.
The company reported that fourth quarter adjusted EPS rose to 69 cents per share, an increase of 35.3% per share.
Full year sales increased 11.5% to $2.3 billion, and comparable sales increase 5.5%.
Adjusted EPS for the year rose to $3.35 per share for the full year, up from $3.00 per share in 2011.
"I am proud of what we have accomplished as a team. We delivered solid sales and earnings growth this quarter, which represented our 14th consecutive quarter of positive comparable sales growth," stated Mike MacDonald, president and CEO, DSW Inc.
MacDonald continued, "This quarter concluded a very strong year for the company in which we grew total sales by 12%, generated a two year c