We present a revised analysis of the photometric reverberation mapping campaign of the narrow-line Seyfert 1 galaxy PKS 0558-504 carried out with the Swift Observatory during 2008--2010. Previously, Gliozzi et al.\ found using the Discrete Correlation Function (DCF) method that the short-wavelength continuum variations lagged behind variations at longer wavelengths, the opposite of the trend expected for thermal reprocessing of X-rays by the accretion disc, and they interpreted their results as evidence against the reprocessing model. We carried out new DCF measurements that demonstrate that the inverted lag-wavelength relationship found by Gliozzi et al.\ resulted from their having interchanged the order of the driving and responding light curves when measuring the lags. To determine the inter-band lags and uncertainties more accurately, we carried out new measurements with four independent methods. These give consistent results showing time delays increasing as a function of wavelength, as expected for the disc reprocessing scenario. The slope of the re-analysed delay spectrum appears to be roughly compatible with the predicted
relationship for reprocessing by an optically
thick and geometrically thin accretion disc, although the data points exhibit a
large scatter about the fitted power-law trend.