April 27 (Reuters) - Shoe retailer DSW Inc (DSW.N) raised its profit outlook for the full year, citing a better performance in the first quarter, sending its shares up 7 percent before market.

Photo: www.dsw.com

The retailer, which sells branded footwear at discounted prices, raised its full-year profit view to between $1.65 a share and $1.75 a share, up from its previous outlook of between $1.35 a share and $1.45 a share.

It sees full-year same-store sales growth of 6 percent to 8 percent. It had earlier expected sales at stores open at least a year to rise in the low-single digit range.

DSW forecast first-quarter same-store sales growth of about 16 percent.

Shares of the Columbus, Ohio-based retailer were trading up 7 percent at $29.58 before the bell on Tuesday 27 April. They closed at $27.72 Monday 26 April on the New York Stock Exchange. (Reporting by Vidya Lakshmi in Bangalore; Editing by Anne Pallivathuckal)