Designer Brands' Q2 Struggles: Earnings Miss, Comparable Sales Decline, And Outlook Cut [Yahoo! Finance]
Designer Brands Inc. Class A (DBI)
Last designer brands inc. class a earnings: 3/17 06:45 am
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Source: Yahoo! Finance
The company reported second-quarter adjusted earnings per share of 29 cents, missing the street view of 53 cents . Quarterly sales of $771.9 million missed the analyst consensus of $816.137 million. Designer Brands reported a decrease in net sales of 2.6%. Total comparable sales also declined by 1.4%. “We saw sustained pressure on challenged categories such as dress and seasonal in the second quarter, which we were able to partially mitigate through providing a greater selection of athletic and athleisure brands in our assortment,” stated Doug Howe, Chief Executive Officer. Also Read: GameStop, Designer Brands And 3 Stocks To Watch Heading Into Wednesday The company's gross profit fell to $252.9 million, down from $273.4 million the previous year, and the gross margin decreased to 32.8%, compared to 34.5% in the prior year. Cash and cash equivalents totaled $38.8 million at the end of the second quarter. The company ended the second quarter with inventories of $642.8 mill
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News
- Designer Brands Inc. Announces Third Quarter 2024 Earnings Release DatePR Newswire
- Tanger Posts Solid Q3 Results, Raises 2024 Guidance Again [Yahoo! Finance]Yahoo! Finance
- Designer Brands (NYSE:DBI) Could Be Struggling To Allocate Capital [Yahoo! Finance]Yahoo! Finance
- Q2 Earnings Highlights: Designer Brands (NYSE:DBI) Vs The Rest Of The Footwear Retailer Stocks [Yahoo! Finance]Yahoo! Finance
- Designer Brands (NYSE:DBI) Has Affirmed Its Dividend Of $0.05 [Yahoo! Finance]Yahoo! Finance
DBI
Earnings
- 9/11/24 - Miss
DBI
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- DBI's page on the SEC website