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Takeaway: DSW and BWS have essentially traded places.

Hedgeye Retail: $DSW, $BWS Earnings Wildly Out Of Synch - 1

DSW and BWS Earnings


Hedgeye Retail: $DSW, $BWS Earnings Wildly Out Of Synch - chart4 5 28

Hedgeye Retail: $DSW, $BWS Earnings Wildly Out Of Synch - chart5 5 28

TAKEAWAY FROM HEDGEYE’S BRIAN MCGOUGH:

One company missed by 13%, the other beat by 13%.  One comped down 3.7%, and the other comped up 1.3%. One guided up. The other guided down. One blamed weather. The other did not. One SIGMA improved, the other eroded. All else equal, we'd bet that 9 out of 10 people would say that that the company that surprised on the upside is DSW, and the loser is Brown Shoe. But today, they'd be wrong.

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Editor's Note: This is a research excerpt from Hedgeye Retail Sector Head Brian McGough. Follow Brian on Twitter @HedgeyeRetail

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