DSW Shares Fall After Profit Outlook Cut | Fox Business

DSW Inc. shares fell in the extended session Tuesday after the shoe retailer cut its earnings outlook and announced its chief executive was retiring. DSW shares dropped 11% to $21.80. The company forecast full-year earnings of $1.40 to $1.50 a share, down from its previously forecast range of $1.80 to $1.90 a share, and 41 cents to 44 cents a share for the third quarter. Analysts surveyed by FactSet had forecast earnings of $1.83 a share for the year and 56 cents a share for the third quarter. DSW also said CEO Michael MacDonald would retire at the end of the year and be succeeded by Roger Rawlins.