Roger Rawlins, Chief Executive Officer stated: "Our fourth quarter continued our return to year over year profitability growth, with top line results that met our guidance. Inventory management and a product-focused campaign drove significantly higher gross margin, which, coupled with better expense control, resulted in a 22% increase in adjusted earnings per share this fall season."

Fourth quarter DSW sales increased by 0.4% totaling 674.6 million US dollars, including 27.9 million US dollars of revenues from Ebuys.  Comparable sales decreased by 7% compared to last year's 0.7% increase.

Reported net income was 30.5 million US dollars, or 0.38 US dollars per diluted share, which included a net favorable adjustment of 0.18 US dollars per share related to the reduction of its contingent consideration liability, the amortization of acquired intangibles and inventory step-up costs related to Ebuys, and restructuring expenses.  Adjusted net income was 16.5 million US dollars, or 0.20 US dollars  per diluted share, an increase of 43% over last year.

As for the full year results, DSW sales increased by 3.5% reaching 2.7 billion US dollars, including 83.9 million US dollars from the company's acquisition of Ebuys.  Comparable sales decreased by 3% compared to last year's 0.8% increase.

Reported net income was 124.5 million US dollars, or 1.52 US dollars per diluted share, which included a net favorable adjustment of 0.06 US dollars per share related to the reduction of its contingent consideration liability, the amortization of acquired intangibles, transaction costs and inventory step-up costs related to Ebuys, and restructuring expenses. Adjusted net income was 120.1 million US dollars, or 1.46 US dollars per diluted share, a 5% decrease from last year.

For the fifty-three week period ending on the 3rd of February 2018, DSW expects revenue growth of 3% to 5%, with comparable sales to range from a flat to low single digit decline compared to the prior year. The company expects to open 12 to 15 net new locations.