Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

Designer Brands Inc. (NYSE: NYSE: DBI ) , the outfit behind DSW and a grab bag of owned and licensed shoe brands, has spent years trying to sell itself as a value player, a middleweight straddling national labels and in-house labelsI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclos ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 3, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32545 DESIGNER BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Designer Brands (DBI) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2,700%. A quarter ago, it was expected that this footwear and accessories retailer would post a loss of $0.47 per share when it actually produced a loss of $0.44, delivering a surprise of 6.38%.Over the last four quarters, the c ...

Designer Brands (DBI) Q1 2026 Earnings Call June 10, 2025 08:30 AM ET Company Participants Ashley Firlan - SVP - Special Situations & IRDoug Howe - CEOJared Poff - EVP, CFO & CAOMauricio Serna - Executive DirectorDana Telsey - CEO and Chief Research Officer Conference Call Participants Dylan Carden - Research Analyst Operator Good morning, and welcome to the Designer Brands First Quarter twenty twenty five Results Conference Call. All participants will be in listen only mode. Followed by zero on your teleph ...

Financial Data and Key Metrics Changes - For the first quarter of fiscal 2025, net sales were $687 million, down 8% year-over-year, with comparable sales down 7.8% [26] - Consolidated gross margin decreased by nearly 120 basis points to 43%, primarily due to increased markdowns [28] - Adjusted operating income was essentially breakeven compared to $14.7 million last year, with an adjusted net loss of $12.5 million versus a gain of $4.8 million last year [30] Business Line Data and Key Metrics Changes - U.S. Retail segment sales were down 7.7%, with comparable sales down 7.3%, affected by lower traffic [26] - Canadian Retail segment sales declined 2.9%, with comparable sales down 9.2%, reflecting similar consumer sentiment challenges as in the U.S. [27] - Brand Portfolio segment sales were down 7.9%, but operating income grew by over 30% due to expense efficiency measures [28] Market Data and Key Metrics Changes - The first quarter saw a decline in consumer sentiment, with February being the weakest month due to unfavorable weather [5] - DSW gained 10 basis points in athleisure footwear market share during Q1, indicating some market resilience [14] Company Strategy and Development Direction - The company is focusing on enhancing customer value, optimizing product assortments, and diversifying sourcing strategies to mitigate tariff impacts [11][18] - Plans include scaling private label offerings and investing in strategic brands like Topo and Keds to drive growth [10][20] - The company has withdrawn its forward-looking guidance due to the volatile macro environment and consumer sentiment [23][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased uncertainty in consumer behavior and a softer start to the year, leading to a decline in comparable sales [5][25] - The company is committed to disciplined execution and adapting to the current environment while focusing on long-term value creation [24][32] Other Important Information - The company is implementing expense cuts expected to deliver $20 million to $30 million in savings for fiscal 2025 [6][29] - Inventory levels were up 0.5% year-over-year, with a focus on delivering products ahead of tariff increases [31] Q&A Session Summary Question: Can you speak to the relationship between the $20 million to $30 million in savings and the anticipated increase in SG&A? - Management explained that the absence of a bonus accrual this year provided about $10 million in favorability in expenses for Q1, but a headwind of approximately $10 million is expected in Q3 due to last year's bonus reversal [35][36] Question: Can you elaborate on the performance in Canada and the brand portfolio? - Management noted that Canadian consumer sentiment mirrors that of the U.S., with Topo performing strongly, growing 84% in the quarter, while Keds faced some headwinds [38][40] Question: What are the expectations for Q2 and the impact of tariffs? - Management indicated that trends in Q2 are similar to Q1, with concerns about indirect impacts of tariffs on consumer sentiment [45][46] Question: How is the company planning for back-to-school and holiday inventory? - Management expressed cautious optimism for back-to-school, highlighting strong past performance and effective inventory management [55][57] Question: How is the company navigating tariff mitigation strategies? - Management confirmed ongoing efforts to diversify sourcing outside of China and manage pricing increases in collaboration with brand partners [61][62]

Financial Performance - Net sales for the first quarter of 2025 decreased by 8.0% to $686.9 million compared to the same period in 2024[4] - Total comparable sales decreased by 7.8%, with U.S. Retail segment down 7.3% and Canada Retail segment down 9.2%[17] - Gross profit decreased to $295.1 million, resulting in a gross margin of 43.0%, down from 44.2% in the previous year[4] - The reported net loss attributable to Designer Brands Inc. was $17.4 million, equating to a diluted loss per share of $0.36[4] - Operating loss for the quarter was $7.3 million, compared to an operating profit of $9.4 million in the prior year[21] - Net loss attributable to Designer Brands Inc. was $17.4 million, compared to a net income of $0.8 million in the same quarter last year[21] - Diluted earnings per share for the quarter was $(0.36), a decline from $0.01 in the prior year[21] - Adjusted operating profit (loss) for the quarter was $(0.4) million, down from $14.7 million in the same period last year[25] Cost Management - The company expects to achieve cost savings between $20 million to $30 million throughout 2025[3] Cash and Liquidity - Cash and cash equivalents totaled $46.0 million at the end of the first quarter, an increase from $43.4 million year-over-year[9] - Cash and cash equivalents increased to $46.0 million from $43.4 million year-over-year[23] Store Operations - Total number of stores decreased to 669 from 675 in the previous year, with a total square footage of 11,006 thousand[7] Guidance and Outlook - The company has withdrawn its full-year 2025 guidance due to macroeconomic uncertainty[8] Inventory Management - Inventories at the end of the first quarter were $623.6 million, slightly up from $620.5 million in the same period last year[9] Dividend Declaration - The company declared a dividend of $0.05 per share for both Class A and Class B common shares, payable on June 18, 2025[6] Asset and Liability Overview - Total assets as of May 3, 2025, were $2.09 billion, a decrease from $2.16 billion as of May 4, 2024[23] - Total liabilities increased to $1.82 billion from $1.80 billion year-over-year[23] Sales Metrics - Comparable sales performance metric is a key measurement for management, with e-commerce sales included in the calculation[28]

COLUMBUS, Ohio, June 10, 2025 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company," "we," "us," "our," and "Designer Brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, today announced financial results for the first quarter ended May 3, 2025."We experienced a soft start to 2025 amid an unpredictable macro environment and deteriorating consumer sentiment," stated Doug Howe, Chief Executive Officer. "We have shifted our near-term focus to amplifyin ...

Core Insights - DSW has launched a partnership with Imbox Protection, introducing an innovative shoe protection service available in nearly 500 locations across the U.S. [1][8] - The Imbox system offers a fast, eco-conscious solution that protects shoes from various elements in just 60 seconds [1][5] - The service costs $8.99 and provides up to eight weeks of protection, appealing to environmentally conscious consumers [5][6] Company Overview - DSW, a Designer Brands company, aims to enhance customer value and sustainability through this partnership [6][8] - The company operates over 650 stores and is committed to providing on-trend footwear and accessories [10] - DSW has a history of supporting charitable initiatives, having donated over 11 million pairs of shoes since 2018 [10] Industry Impact - The partnership with Imbox marks a significant expansion in the North American retail landscape for both companies [6][8] - The integration of Imbox Protection into the checkout process redefines post-purchase services in footwear retail [6][8] - The service aligns with growing consumer demand for environmentally responsible solutions, reflecting a shift in retail towards sustainability [6][8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended February 1, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-32545 DESIGNER BRANDS INC. (Exact name of registrant as specified in its charter) Ohio 31-0746639 (State or other jurisdiction of incorp ...