Fast, eco-conscious technology that keeps shoes looking newer, longer – now available at DSW stores nationwideCOLUMBUS, Ohio, April 24, 2025 /PRNewswire/ -- DSW Designer Shoe Warehouse, a Designer Brands company (NYSE: DBI), has launched the largest retail partnership in North America with Imbox Protection, a leading in-store shoe protection solution. Now available in nearly 500 DSW locations across the U.S., the Imbox system offers customers fast, eco-conscious protection that extends the life of their foo ...

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 ...

Designer Brands Inc. (NYSE: DBI ) has released its Q4 2024 results , positively surprising the market. The company posted positive comparable sales for the first time in over two years, with U.S. Retail comps turning positive 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 com ...

Core Viewpoint - Designer Brands reported mixed financial results for Q4 2024, with adjusted EPS beating expectations but revenue falling short, indicating challenges in revenue generation despite improved cost control [2][6]. Financial Performance - Adjusted EPS loss was $0.44, better than the expected loss of $0.49, with no change compared to Q4 2023 [3][6]. - Revenue totaled $713.6 million, below the anticipated $719 million, representing a 5.4% decline from $754.3 million in Q4 2023 [2][3]. - Gross margin improved to 39.6%, up from 38.8% in Q4 2023, reflecting effective cost management [3][6]. - Comparable sales increased by 0.5%, a recovery from a 7.3% decline in the previous year [3][6]. Strategic Focus - The company aims to enhance its Owned Brands segment, targeting it to constitute one-third of total sales by 2026, doubling from its 2021 baseline [4]. - Designer Brands is strengthening its loyalty and rewards programs, with the VIP program having 32.1 million members, contributing to 90% of retail sales [5]. - Expansion of the distribution network is underway to support both in-store and online sales, enhancing customer service and operational efficiency [5]. Segment Performance - U.S. Retail segment sales dropped by 6.9%, indicating competitive pressures and shifts in consumer behavior [7]. - Canada Retail and Brand Portfolio segments experienced growth of 7.5% and 12.3%, respectively [7]. Financial Position - Inventory levels increased to $599.8 million from $571.3 million, while cash reserves stood at $44.8 million [8]. - Debt levels rose to $491 million from $427.1 million, indicating potential financial risk [8]. Future Outlook - Designer Brands anticipates low single-digit net sales growth for fiscal 2025, with adjusted EPS guidance between $0.30 to $0.50 [9]. - The focus remains on strategic initiatives, particularly enhancing Owned Brands and expanding the customer loyalty program [9].

Designer Brands Inc. (NYSE:DBI) Q4 2024 Earnings Conference Call March 20, 2025 8:30 AM ET Company Participants Dustin Hauenstein - SVP, Finance Doug Howe - CEO Jared Poff - CFO Conference Call Participants Mauricio Serna - UBS Operator Good day, and welcome to the Designer Brands Inc. Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I'd now like to turn the conference over to Dustin Hauenstein, Senior Vice President of Finance. Please go ahead ...

Financial Performance - Fourth quarter net sales decreased by 5.4% to $713.6 million, with total comparable sales increasing by 0.5%[3] - Full year net sales decreased by 2.1% to $3.0 billion, with total comparable sales decreasing by 1.7%[7] - The reported net loss for the full year was $38.2 million, equating to a loss per diluted share of $0.80[7] - Consolidated net sales for the three months ended August 3, 2024, were $771,900,000, a decrease from $792,217,000 for the same period last year, representing a decline of 2.9%[23] - Consolidated net sales for the six months ended August 3, 2024, were $1,518,496,000, slightly down from $1,534,299,000 in the same period last year, a decrease of 1.0%[23] - Consolidated net sales for the three months ended November 2, 2024, were $777,194 thousand, a decrease of 1.4% compared to $786,329 thousand for the same period in 2023[24] - For the nine months ended November 2, 2024, consolidated net sales totaled $2,295,690 thousand, a slight decrease from $2,320,628 thousand in the same period last year[24] - Net sales for the three months ended February 1, 2025, were $713,572, a decrease of 5.4% compared to $754,348 for the same period in 2024[25] Gross Profit and Margins - Gross profit for the fourth quarter decreased to $282.6 million, resulting in a gross margin of 39.6%[3] - Consolidated gross profit for the three months ended February 1, 2025, was $282,583, a decrease of 3.4% compared to $292,591 for the same period in 2024[17] - Gross profit for the consolidated segment was $252,914,000, accounting for 32.8% of net sales, compared to $273,387,000 or 34.5% of net sales in the previous year[23] - Gross profit for the consolidated segment for six months was $497,983,000, which is 32.8% of net sales, compared to $511,126,000 or 33.3% in the previous year[23] - Gross profit margin for the consolidated segment improved to 43.0% for the three months ended November 2, 2024, compared to 44.0% in the same period last year[24] - Gross profit for the twelve months ended February 1, 2025, was $1,285,958, representing a gross margin of 42.7%, compared to $1,323,995 and a gross margin of 43.1% for the previous year[27] Operating Expenses and Losses - Operating expenses for the consolidated segment were $226,896,000, which is 29.4% of net sales, compared to $214,530,000 or 27.1% of net sales last year, indicating an increase in operating expenses as a percentage of sales[23] - Operating expenses for the six months were $465,447,000, representing 30.7% of net sales, compared to $434,649,000 or 28.3% last year, indicating a rise in operating expenses[23] - Operating expenses for the three months ended February 1, 2025, were $311,983, which is 43.7% of net sales, compared to $326,841 or 43.3% of net sales for the same period in 2024[25] - The company reported operating expenses of $1,245,834,000 for the twelve months ended February 1, 2025, slightly down from $1,256,150,000 in the previous year, showing a decrease of about 0.8%[31] Segment Performance - The U.S. Retail segment reported net sales of $587.5 million, a decrease of 6.9% compared to the previous year[16] - The Brand Portfolio segment saw a 12.3% increase in net sales, totaling $87.3 million for the fourth quarter[16] - U.S. Retail segment gross profit decreased by 3.8% to $238,490, while its percentage of net sales increased to 40.6% from 39.3%[17] - Canada Retail segment gross profit increased by 6.0% to $27,388, with a slight decrease in its percentage of net sales to 39.6%[17] - U.S. Retail segment net sales were $641,694,000, down from $658,542,000 year-over-year, reflecting a decrease of 2.7%[23] - Canada Retail segment net sales increased to $74,797,000 from $70,266,000, marking a growth of 6.3% year-over-year[23] - U.S. Retail segment net sales were $615,495 thousand, a decrease of 2.5% from $631,610 thousand in the same period last year[24] - Canada Retail segment net sales increased to $83,504 thousand, up 10.4% from $75,610 thousand in the same period last year[24] Future Outlook - For fiscal year 2025, the company anticipates low-single digit net sales growth and diluted EPS guidance of $0.30 to $0.50[9] - The company plans to include e-commerce sales from the Brand Portfolio segment in its comparable sales metric starting in 2025, enhancing the measurement of retail performance[34] - The company anticipates that stores added from the Rubino acquisition will contribute to comparable sales starting in the second quarter of 2025, indicating a strategy for market expansion[34] Debt and Assets - Cash and cash equivalents totaled $44.8 million at the end of 2024, down from $49.2 million at the end of 2023[7] - Long-term debt increased to $484,285 as of February 1, 2025, compared to $420,344 as of February 3, 2024[29] - Total current assets decreased to $734,824 as of February 1, 2025, from $777,432 as of February 3, 2024[29] - Total liabilities decreased slightly to $1,727,449 as of February 1, 2025, from $1,713,724 as of February 3, 2024[29] Adjusted Metrics - The adjusted diluted earnings per share for the twelve months ended February 1, 2025, was $0.27, down from $0.68 in the prior year, indicating a decrease of approximately 60.3%[31] - Total non-GAAP adjustments for the twelve months ended February 1, 2025, amounted to $25,014,000 after tax, compared to $13,969,000 in the previous year, representing an increase of approximately 79.5%[31] - The company incurred restructuring and integration costs of $11,843,000 for the twelve months ended February 1, 2025, compared to $6,378,000 in the previous year, indicating an increase of approximately 85.5%[31] - The company incurred impairment charges of $580 for the three months ended February 1, 2025, compared to $4,185 for the same period in 2024[27] Management and Corporate Actions - The company repurchased 10.3 million Class A common shares at a cost of $68.6 million during 2024[7] - CEO transition costs for the twelve months ended February 1, 2025, were $4,352,000, down from $4,352,000 in the previous year, reflecting a reduction in transition-related expenses[31] - The company recognized intersegment gross profit of $9,717 for the three months ended February 1, 2025, compared to $6,728 in the same period last year[19] - The elimination of net sales recognized by the Brand Portfolio segment for the twelve months ended February 1, 2025, was $138,743, up from $72,078 in the previous year[20] - Corporate/Eliminations segment reported an operating loss of $217,734 for the twelve months ended February 1, 2025, compared to a loss of $187,183 in the previous year, indicating a worsening performance[20]

Delivers full year 2024 EPS at high end of guidance range Fiscal 2025 guidance reflects expectations for profitable growth COLUMBUS, Ohio, March 20, 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 three months and year ended February 1, 2025. "Positive comparable sales in the fourth quarter reflect a return to g ...

Core Viewpoint - Designer Brands Inc. will announce its fourth quarter and full year 2024 earnings on March 20, 2025, with a conference call scheduled for 8:30 am E.T. to discuss the results [1] Company Overview - Designer Brands is one of the largest designers, producers, and retailers of footwear and accessories globally, with a mission centered around being "shoe obsessed" [3] - The company has a diversified portfolio of brands, including Topo Athletic, Keds, Vince Camuto, and others, and operates a robust direct-to-consumer omni-channel infrastructure [3] - Designer Brands has a billion-dollar digital commerce business and over 650 retail locations in North America, holding leading market share positions in key product categories across women's, men's, and kids' footwear [3] - The company is committed to social responsibility, having donated over eleven million pairs of shoes to the non-profit Soles4Souls since 2018 [3]

Group 1 - National Steel (SID) is one of the largest fully integrated steel producers in Brazil and Latin America in terms of crude steel production [1] - The Zacks Consensus Estimate for National Steel's current year earnings has been revised 78.1% downward over the last 60 days [1] Group 2 - Designer Brands (DBI) is a designer, producer, and retailer of footwear and accessories [2] - The Zacks Consensus Estimate for Designer Brands' current year earnings has been revised almost 61.1% downward over the last 60 days [2] Group 3 - Insight Enterprises (NSIT) is a global direct marketer of brand name computers, hardware, and software [2] - The Zacks Consensus Estimate for Insight Enterprises' current year earnings has been revised 10.6% downward over the last 60 days [2]

Group 1 - Designer Brands (NYSE: DBI) reported challenging topline results across all segments, including US and Canada retail and owned brands [1] - A notable positive aspect in the quarter was a significant reduction in Selling, General and Administrative (SG&A) expenses, particularly from marketing and compensation [1] Group 2 - The analysis emphasizes a long-only investment approach, focusing on operational aspects and long-term earnings potential rather than market-driven dynamics [1] - The investment strategy suggests that only a small fraction of companies should be considered for buying at any given time, with most recommendations being holds [1]