• Q3 adjusted profit up 12.1% to US$39.8m
  • Net sales up 8.5% to $530.7m
  • Women’s boots performing strongly, says CEO

Footwear and accessories retailer DSW posted a double-digit increase in adjusted third quarter profit, boosted by strong performances by women’s boots and men’s footwear.

Comparable store sales rose 5.2% in the three months to 29 October, while the US company reported an unadjusted net profit of $53.7m, including earnings resulting from its merger with RVI.

“DSW remained a top choice for women’s footwear, led by a strong performance in boots,” said Mike MacDonald, company president and CEO.

“We continued to capitalise on sales opportunities in men’s and accessories – both of which remained our fastest growth categories.”

DSW now expects full-year comparable store sales to be up 7-8%, while diluted earnings per share are predicted to be $2.90-2.95.