Shares of DSW, (NYSE:DSW), the discount retailer of designer shoes, fell a whopping 27% on May 28, 2014 following disappointing quarterly results which were released before the market open. Unfortunately for current shareholders the company disappointed on nearly every metric. Earnings per share came in at $0.42 a full $0.06 short of the consensus estimate of $0.48. Revenues at the retailer came up short by a margin of 4% coming in at $599 million versus estimates of approximately $622 million. Adding insult to injury the company guided down its estimates for the full year, now expecting earnings per share to fall within the range of $1.45 to $1.60 per share which compares poorly with the $1.90 per share originally expected. According to DWS's management, the reason for the poor performance was a mix of unusually bad winter weather (as cited by many other restaurants and retailers) and an tough competitive landscape. 

Despite these issues, DSW's business and growth plans remain intact. As Motley Fool Analyst Sean O'Reilly explains, for long-term Foolish investors willing to step up when the situation appears dire owning shares in DSW may prove rewarding in the years ahead.

Sean O'Reilly has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.