Why Designer Brands Stock Was Diving Today [Yahoo! Finance]
Designer Brands Inc. Class A (DBI)
Last designer brands inc. class a earnings: 3/17 06:45 am
Check Earnings Report
Company Research
Source: Yahoo! Finance
As a result, the stock was down 13.9% as of 1:10 p.m. ET on the news. Designer Brands continues to shrink In a difficult retail environment, Designer Brands said comparable sales fell 1.4%, leading to a 2.6% decline in revenue to $771.9 million, well below the consensus at $816.1 million. Gross margin in the quarter also shrunk, falling from 34.5% to 32.8% due primarily to weakness in the company's biggest segment, the U.S. retail segment. Overall operating expenses rose 6% to $226.9 million. As a result, profits fell sharply, with adjusted earnings per share (EPS) down from $0.59 to $0.29, missing estimates at $0.53. CEO Doug Howe said, "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." He noted that athleisure sales were up 8% in the quarter, and the U.S. segment outperformed the overall foo
Show less
Read more
Impact Snapshot
Event Time:
DBI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DBI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DBI alerts
High impacting Designer Brands Inc. Class A news events
Weekly update
A roundup of the hottest topics
DBI
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