Casual and athletic footwear retailer DSW’s first quarter earnings beat analyst estimates, prompting a 10.3% rise in share prices on May 22.

The Ohio-based company posted net earnings of $39.9 million during the first quarter compared with a net loss of $38.1 million during the prior-year period. Sales totalled $558.6 million compared with $503.6 million.

At the end of the first quarter, DSW had 336 stores across 41 states.

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