Designer Brands Inc is a leading retailer of branded footwear and accessories, operating a diverse portfolio of stores and online platforms
The company focuses on providing a wide selection of fashionable and affordable shoes for men, women, and children through its network of retail locations and e-commerce websites. With a strong commitment to customer service and trend-driven offerings, Designer Brands aims to create a compelling shopping experience while partnering with well-known brands to deliver a variety of styles that cater to different consumer preferences. Their extensive merchandising strategy includes collaborations with designers and a robust loyalty program that enhances customer engagement and retention.
Shares of footwear and accessories discount retailer Designer Brands (NYSE:DBI)
jumped 13.8% in the morning session after the company reported improved fourth-quarter 22024 results: Same-Store Sales grew modestly (vs -7.3% in the same quarter last year), and gross margin blew past expectations. This marked the first positive growth in nine quarters, signaling early traction in the company's turnaround efforts.
Designer Brands reported a 5.4% sales decline in Q4, totaling $713.57 million, falling short of estimates. Despite this, adjusted EPS of $(0.44) beat expectations. The company expanded its gross profit margin by 80 basis points and incurred a smaller operating loss of $25.8 million.
Footwear and accessories discount retailer Designer Brands (NYSE:DBI) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 5.4% year on year to $713.6 million. Its GAAP loss of $0.80 per share was 66.7% below analysts’ consensus estimates.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the footwear retailer industry, including Shoe Carnival (NASDAQ:SCVL) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at footwear retailer stocks, starting with Designer Brands (NYSE:DBI).
Designer Brands’s stock price has taken a beating over the past six months, shedding 21.7% of its value and falling to $5.34 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the footwear retailer industry, including Boot Barn (NYSE:BOOT) and its peers.
Footwear and accessories discount retailer Designer Brands (NYSE:DBI) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 1.2% year on year to $777.2 million. Its non-GAAP profit of $0.27 per share was 23.5% below analysts’ consensus estimates.
