Designer Brands (DBI) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +54.55%. A quarter ago, it was expected that this footwear and accessories retailer would post earnings of $0.01 per share when it actually produced a loss of $0.26, delivering a surprise of -2700%.Over the last fou ...

[Executive Summary & Business Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Highlights) [Second Quarter 2025 Performance Highlights](index=1&type=section&id=Second%20Quarter%202025%20Performance%20Highlights) Designer Brands Inc. reported a sequential improvement in comparable sales for Q2 2025, achieving positive diluted EPS and adjusted diluted EPS with growth year-over-year, despite decreases in net sales, total comparable sales, and gross profit compared to the prior year - The company achieved a **280-basis point sequential improvement** in comparable sales from the first quarter of 2025[2](index=2&type=chunk) Second Quarter 2025 Key Financial Highlights (vs. Q2 2024) | Metric | Q2 2025 (million USD) | Q2 2024 (million USD) | Change (million USD) | Change (%) | | :-------------------------- | :------ | :------ | :----- | :--------- | | Net Sales | $739.8 | $771.9 | $(32.1) | (4.2)% | | Total Comparable Sales | (5.0)% | (1.4)% | (3.6)% | - | | Gross Profit | $322.9 | $339.5 | $(16.6) | (4.9)% | | Gross Margin | 43.7% | 44.0% | (0.3)% | (30) bps | | Diluted EPS | $0.22 | $0.24 | $(0.02) | (8.3)% | | Adjusted Diluted EPS | $0.34 | $0.29 | $0.05 | 17.2% | [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO Doug Howe highlighted the positive impact of targeted operational initiatives, leading to a strong start for the back-to-school season in U.S. Retail and improvements in traffic and conversion, while acknowledging ongoing macroeconomic volatility and uncertainty - Targeted operational initiatives supported a **strong start to the back-to-school season** within the U.S. Retail segment[2](index=2&type=chunk) - The company observed gradual improvements in traffic and a notable uptick in conversion[2](index=2&type=chunk) - Ongoing efforts include strengthening the brand, driving awareness through marketing investments, and optimizing the omni-channel model[2](index=2&type=chunk) - Management remains committed to disciplined execution amidst macroeconomic volatility, extended tariff increases, and caution in discretionary spending[2](index=2&type=chunk) [Consolidated Financial Results](index=6&type=section&id=Consolidated%20Financial%20Results) [Condensed Consolidated Statements of Operations](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the second quarter of 2025, Designer Brands Inc. reported a decrease in net sales, gross profit, and net income attributable to Designer Brands Inc. compared to the prior year, with operating profit also declining and diluted EPS decreasing from $0.24 to $0.22 Condensed Consolidated Statements of Operations (Three Months Ended) | Metric | August 2, 2025 (thousands USD) | August 3, 2024 (thousands USD) | Change (thousands USD) | Change (%) | | :------------------------------------------ | :------------- | :------------- | :----- | :--------- | | Net sales | $739,762 | $771,900 | $(32,138) | (4.2)% | | Gross profit | $322,933 | $339,549 | $(16,616) | (4.9)% | | Operating profit | $26,583 | $28,589 | $(2,006) | (7.0)% | | Net income (loss) attributable to Designer Brands Inc. | $10,827 | $13,824 | $(2,997) | (21.7)% | | Diluted earnings (loss) per share | $0.22 | $0.24 | $(0.02) | (8.3)% | Condensed Consolidated Statements of Operations (Six Months Ended) | Metric | August 2, 2025 (thousands USD) | August 3, 2024 (thousands USD) | Change (thousands USD) | Change (%) | | :------------------------------------------ | :------------- | :------------- | :----- | :--------- | | Net sales | $1,426,671 | $1,518,496 | $(91,825) | (6.0)% | | Gross profit | $618,059 | $669,560 | $(51,501) | (7.7)% | | Operating profit | $19,321 | $37,971 | $(18,650) | (49.1)% | | Net income (loss) attributable to Designer Brands Inc. | $(6,597) | $14,607 | $(21,204) | (145.2)% | | Diluted earnings (loss) per share | $(0.14) | $0.25 | $(0.39) | (156.0)% | [Segment Performance](index=6&type=section&id=Segment%20Performance) Segment performance for Q2 2025 showed mixed results, with U.S. Retail experiencing declines across key metrics, Canada Retail seeing a slight net sales increase but overall declines, and the Brand Portfolio segment facing significant decreases across all key metrics [Net Sales by Segment](index=6&type=section&id=Net%20Sales%20by%20Segment) Consolidated net sales decreased by 4.2% for the three months ended August 2, 2025, with declines in U.S. Retail and Brand Portfolio segments, partially offset by a slight increase in Canada Retail Segment Net Sales (Three Months Ended August 2, 2025 vs. August 3, 2024) | Segment | August 2, 2025 (thousands USD) | August 3, 2024 (thousands USD) | Change (thousands USD) | Change (%) | | :---------------- | :------------- | :------------- | :----- | :--------- | | U.S. Retail | $610,926 | $641,694 | $(30,768) | (4.8)% | | Canada Retail | $75,077 | $74,797 | $280 | 0.4% | | Brand Portfolio | $73,157 | $95,993 | $(22,836) | (23.8)% | | Total Segment Net Sales | $759,160 | $812,484 | $(53,324) | (6.6)% | | Consolidated Net Sales | $739,762 | $771,900 | $(32,138) | (4.2)% | [Comparable Sales by Segment](index=6&type=section&id=Comparable%20Sales%20by%20Segment) Total comparable sales decreased by 5.0% for the three months ended August 2, 2025, with the Brand Portfolio segment's direct-to-consumer channel experiencing the most significant decline Change in Comparable Sales (Three Months Ended August 2, 2025 vs. August 3, 2024) | Segment | August 2, 2025 (%) | August 3, 2024 (%) | | :------------------------------------ | :------------- | :------------- | | U.S. Retail segment | (4.9)% | (1.1)% | | Canada Retail segment | (0.6)% | (3.1)% | | Brand Portfolio segment - direct-to-consumer channel | (29.2)% | (7.0)% | | Total | (5.0)% | (1.4)% | [Gross Profit by Segment](index=7&type=section&id=Gross%20Profit%20by%20Segment) Consolidated gross profit decreased by 4.9% for the three months ended August 2, 2025, with a slight decline in gross margin, and all segments experiencing a decrease in gross profit, particularly the Brand Portfolio Segment Gross Profit (Three Months Ended August 2, 2025 vs. August 3, 2024) | Segment | August 2, 2025 (thousands USD) | August 2, 2025 (% of Segment Net Sales) | August 3, 2024 (thousands USD) | August 3, 2024 (% of Segment Net Sales) | Change (%) | Basis Points Change (bps) | | :-------------------- | :---------------------- | :------------------------------------- | :---------------------- | :------------------------------------- | :--------- | :------------------ | | U.S. Retail | $264,522 | 43.3% | $282,916 | 44.1% | (6.5)% | (80) | | Canada Retail | $34,950 | 46.6% | $35,087 | 46.9% | (0.4)% | (30) | | Brand Portfolio | $18,508 | 25.3% | $26,635 | 27.7% | (30.5)% | (240) | | Consolidated Gross Profit | $322,933 | 43.7% | $339,549 | 44.0% | (4.9)% | (30) | [Operating Profit by Segment](index=7&type=section&id=Operating%20Profit%20by%20Segment) Consolidated operating profit decreased by 7.0% for the three months ended August 2, 2025, with all segments reporting a decline in operating profit, and the Brand Portfolio showing a significant increase in operating loss Segment Operating Profit (Three Months Ended August 2, 2025 vs. August 3, 2024) | Segment | August 2, 2025 (thousands USD) | August 2, 2025 (% of Segment Net Sales) | August 3, 2024 (thousands USD) | August 3, 2024 (% of Segment Net Sales) | Change (%) | Basis Points Change (bps) | | :-------------------- | :---------------------- | :------------------------------------- | :---------------------- | :------------------------------------- | :--------- | :------------------ | | U.S. Retail | $60,211 | 9.9% | $77,573 | 12.1% | (22.4)% | (220) | | Canada Retail | $8,498 | 11.3% | $9,052 | 12.1% | (6.1)% | (80) | | Brand Portfolio | $(3,606) | (4.9)% | $(2,053) | (2.1)% | 75.6% | (280) | | Consolidated Operating Profit | $26,583 | 3.6% | $28,589 | 3.7% | (7.0)% | (10) | [Financial Position & Capital Structure](index=2&type=section&id=Financial%20Position%20%26%20Capital%20Structure) [Condensed Consolidated Balance Sheets](index=10&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of August 2, 2025, Designer Brands Inc. reported an increase in cash and cash equivalents and a decrease in inventories compared to the prior year, with total assets slightly decreasing and total liabilities increasing Condensed Consolidated Balance Sheet Highlights (as of August 2, 2025 vs. August 3, 2024) | Metric | August 2, 2025 (thousands USD) | August 3, 2024 (thousands USD) | Change (thousands USD) | | :-------------------------- | :------------- | :------------- | :----- | | Cash and cash equivalents | $44,937 | $38,834 | $6,103 | | Inventories | $610,876 | $642,783 | $(31,907) | | Total current assets | $751,925 | $798,048 | $(46,123) | | Total assets | $2,061,731 | $2,107,134 | $(45,403) | | Total current liabilities | $573,495 | $619,038 | $(45,543) | | Long-term debt | $509,593 | $458,974 | $50,619 | | Total liabilities | $1,777,720 | $1,748,070 | $29,650 | | Total shareholders' equity | $280,797 | $355,545 | $(74,748) | [Liquidity](index=2&type=section&id=Liquidity) The company's cash and cash equivalents increased year-over-year, and it maintained significant availability under its revolving credit facility, despite an increase in total debt compared to the prior year Liquidity Position (as of August 2, 2025 vs. August 3, 2024) | Metric | August 2, 2025 (million USD) | August 3, 2024 (million USD) | Change (million USD) | | :------------------------------------------------ | :------------- | :------------- | :----- | | Cash and cash equivalents | $44.9 | $38.8 | $6.1 | | Available for borrowings under credit facility | $104.3 | N/A | N/A | | Total Debt | $516.3 | $465.7 | $50.6 | | Inventories | $610.9 | $642.8 | $(31.9) | [Store Count](index=2&type=section&id=Store%20Count) As of August 2, 2025, Designer Brands Inc. operated 668 stores across its U.S. Retail and Canada Retail segments, a slight decrease from the previous year, with a corresponding reduction in total square footage Store Count and Square Footage (as of August 2, 2025 vs. August 3, 2024) | Segment | Stores (count) | Square Footage (thousands sq ft) | Stores (count) | Square Footage (thousands sq ft) | | :---------------------- | :------------------- | :--------------------------- | :------------------- | :--------------------------- | | U.S. Retail - DSW stores | 493 | 9,686 | 499 | 9,879 | | Canada Retail - The Shoe Co. stores | 121 | 618 | 123 | 631 | | Canada Retail - Rubino stores | 28 | 147 | 28 | 149 | | Canada Retail - DSW stores | 26 | 511 | 26 | 511 | | Total number of stores | 668 | 10,962 | 676 | 11,170 | [Financial Outlook & Non-GAAP Reconciliation](index=2&type=section&id=Financial%20Outlook%20%26%20Non-GAAP%20Reconciliation) [2025 Financial Outlook](index=2&type=section&id=2025%20Financial%20Outlook) Due to ongoing macroeconomic uncertainty, particularly concerning global trade policies, Designer Brands Inc. has decided not to reinstate its full-year 2025 financial guidance - The Company has elected not to reinstate full year 2025 guidance due to macroeconomic uncertainty stemming primarily from global trade policies[6](index=6&type=chunk) [Non-GAAP Reconciliation](index=11&type=section&id=Non-GAAP%20Reconciliation) The company provides adjusted non-GAAP financial measures to offer a clearer view of its core operating performance by excluding certain one-time or non-recurring items, with adjusted diluted EPS for Q2 2025 at $0.34, higher than the GAAP diluted EPS of $0.22 Non-GAAP Adjusted Financial Results (Three Months Ended August 2, 2025 vs. August 3, 2024) | Metric | August 2, 2025 (thousands USD) | August 3, 2024 (thousands USD) | Change (thousands USD) | | :-------------------------- | :------------- | :------------- | :----- | | Adjusted operating expenses | $(295,250) | $(309,596) | $14,346 | | Adjusted operating profit | $30,261 | $32,524 | $(2,263) | | Adjusted net income | $16,716 | $17,071 | $(355) | | Adjusted diluted earnings per share | $0.34 | $0.29 | $0.05 | [Non-GAAP Measures Explanation](index=11&type=section&id=Non-GAAP%20Measures%20Explanation) Designer Brands Inc. uses non-GAAP financial measures to supplement GAAP results by adjusting for items not indicative of core operations, such as restructuring costs, acquisition-related costs, impairment charges, and foreign currency transaction losses, to provide better comparability and insight into business trends - Non-GAAP measures adjust for restructuring and integration costs, acquisition-related costs, impairment charges, foreign currency transaction losses, and their net tax impact[24](index=24&type=chunk)[25](index=25&type=chunk) - These measures are used to increase comparability to prior periods, identify business trends, and evaluate operating performance by adjusting for items not indicative of core operations[25](index=25&type=chunk) [Comparable Sales Performance Metric Definition](index=12&type=section&id=Comparable%20Sales%20Performance%20Metric%20Definition) The company defines comparable sales as a key metric for its direct-to-consumer businesses, encompassing sales from stores open for at least 14 months and e-commerce sales, with Canada Retail specifically excluding foreign currency translation impact - Comparable sales include sales from stores in operation for at least 14 months at the beginning of the applicable year[26](index=26&type=chunk) - The metric includes e-commerce sales for U.S. Retail and Canada Retail segments, and direct-to-consumer e-commerce net sales for the Brand Portfolio segment[26](index=26&type=chunk) - Comparable sales for the Canada Retail segment exclude the impact of foreign currency translation[26](index=26&type=chunk) [Company Overview & Legal Disclosures](index=3&type=section&id=Company%20Overview%20%26%20Legal%20Disclosures) [About Designer Brands](index=3&type=section&id=About%20Designer%20Brands) Designer Brands Inc. is a major global designer, producer, and retailer of footwear and accessories, operating through a diversified brand portfolio, a robust omni-channel infrastructure, and over 660 stores in North America, while also engaging in international distribution and private label product development with a commitment to corporate social responsibility - Designer Brands is one of the world's largest designers, producers, and retailers of footwear and accessories, with a mission of being shoe obsessed[10](index=10&type=chunk) - The company's portfolio includes brands such as Topo Athletic, Keds, Vince Camuto, Kelly & Katie, Jessica Simpson, Lucky Brand, Mix No. 6, and Crown Vintage[10](index=10&type=chunk) - Operations include a direct-to-consumer omni-channel infrastructure, national wholesale distribution, a **billion-dollar digital commerce business**, and over **660 DSW, The Shoe Co., and Rubino stores** in North America[10](index=10&type=chunk) - Designer Brands supports the global community by donating over **twelve million pairs of shoes** to Soles4Souls since 2018[11](index=11&type=chunk) [Safe Harbor Statement](index=4&type=section&id=Safe%20Harbor%20Statement) The report contains forward-looking statements subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially, including general economic conditions, consumer preferences, supply chain disruptions, and tariffs, with no undertaking by the company to update these statements - Forward-looking statements are based on current views and expectations and involve known and unknown risks and uncertainties[12](index=12&type=chunk) - Key risk factors include uncertain general economic and financial conditions, supply chain disruptions, tariffs, fluctuating interest rates, and impacts on consumer discretionary spending[12](index=12&type=chunk) - Other risks relate to changing consumer preferences, climate change, execution of business strategies, integration of acquisitions, supplier relationships, distribution systems, cybersecurity, and compliance with laws and regulations[12](index=12&type=chunk)[13](index=13&type=chunk) [Webcast and Conference Call Information](index=3&type=section&id=Webcast%20and%20Conference%20Call%20Information) Designer Brands Inc. hosted a conference call on September 9, 2025, to discuss its financial results, with details provided for live participation and an archived replay, and important information also disseminated via the company's investor website - A conference call was hosted on **September 9, 2025, at 8:30 am Eastern Time**[8](index=8&type=chunk) - Investors and analysts could participate via dial-in or live webcast, with an archived version available until September 23, 2025[8](index=8&type=chunk)[9](index=9&type=chunk) - Important information may be disseminated initially or exclusively via the Company's investor website[9](index=9&type=chunk) [Contact Information](index=12&type=section&id=Contact%20Information) Contact information for investor relations inquiries is provided - Contact for investor relations: Stacy Turnof, DesignerBrandsIR@edelman.com[27](index=27&type=chunk)

Delivered positive diluted earnings per share ("EPS") of $0.22 and positive adjusted diluted EPS of $0.34 with growth over the same period last year COLUMBUS, Ohio, Sept. 9, 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 second quarter ended August 2, 2025. Accessibility StatementSkip Navigation Sequential comp ...

Designer Brands Inc. DBI will release earnings results for the second quarter before the opening bell on Tuesday, Sept. 9.Analysts expect the Columbus, Ohio-based company to report quarterly earnings at 22 cents per share, up from 29 cents per share in the year-ago period. Designer Brands projects to report quarterly revenue of $737.85 million, compared to $771.9 million a year earlier, according to data from Benzinga Pro.On June 10, Designer Brands reported worse-than-expected Q1 financial results and with ...

Core Insights - Designer Brands Inc. (DBI) is a significant player in the global footwear and accessories market, with quarterly earnings set to be released on September 9, 2025, predicting an EPS of $0.22 and revenue of approximately $736.2 million [1][4] Valuation Metrics - The price-to-sales ratio is notably low at 0.07, indicating that the stock may be undervalued relative to its sales, presenting an opportunity for investors [2][4] - The enterprise value to sales ratio stands at 0.51, providing insight into how the company's revenue compares to its overall valuation [2] - The enterprise value to operating cash flow ratio is 18.42, indicating how many times the operating cash flow can cover the enterprise value [2] Financial Health - DBI has a high debt-to-equity ratio of 5.00, reflecting a significant reliance on debt financing [3][4] - The current ratio of 1.27 suggests that the company maintains a reasonable level of liquidity to meet its short-term obligations, indicating financial stability [3][4]

Group 1 - Designer Brands Inc. will release its second quarter 2025 earnings on September 9, 2025, with a conference call scheduled for 8:30 am E.T. to discuss the results [1] - Investors and analysts can participate in the call by dialing specific numbers and referencing the conference ID number 3316589 [2] - An archived version of the conference call will be available until September 23, 2025, for those unable to listen live [2] Group 2 - Designer Brands is one of the largest designers, producers, and retailers of footwear and accessories, with a diverse portfolio of brands including Topo Athletic, Keds, and Jessica Simpson [3] - The company operates a billion-dollar digital commerce business and has over 650 retail locations in North America, including DSW Designer Shoe Warehouse [3] - Designer Brands has donated more than eleven million pairs of shoes to the global non-profit Soles4Souls since 2018, reflecting its commitment to corporate social responsibility [3]

Financial Data and Key Metrics Changes - EBITDA increased by 5.3% to $143,800,000 compared to the same period in 2024 [2] - Funds from operations (FFO) rose by 13.8% to $84,100,000 [2] - Net profit after tax was reported at $43,100,000, a 17% increase from the prior comparative period [12] Business Line Data and Key Metrics Changes - Terminal infrastructure charge (TIC) increased to $3.72 per ton, up 3.6% from the previous year [2][8] - Handling costs are fully recharged to customers, having no impact on EBITDA [12] Market Data and Key Metrics Changes - The terminal services 21 mines owned by 11 customers across the Central Bowen Basin, Australia's premier metallurgical coal region [1] - The terminal is the largest metallurgical coal export terminal globally, accounting for over 14% of global seaborne metallurgical coal exports [1] Company Strategy and Development Direction - The company is focused on organic growth opportunities and has a capital investment program of approximately $405,500,000, with $122,000,000 already invested [20][24] - The ADEX project aims to expand terminal capacity, with potential for incremental capacity increases based on demand [25][26] - The company is exploring optimization initiatives to enhance terminal capacity utilization without significant capital expenditure [19] Management's Comments on Operating Environment and Future Outlook - Management noted that the current coal market is influenced by global geopolitical factors, which may delay customer engagement on expansion projects [34] - The company is optimistic about future revenue growth driven by ongoing projects and optimization initiatives [19][30] Other Important Information - The company maintains an investment-grade balance sheet with stable credit ratings from S&P and Fitch [13] - DBI has $2,300,000,000 in total debt facilities, with $1,800,000,000 drawn as of June 30, 2025 [13][15] Q&A Session Summary Question: Capital allocation review and timing of ADEX expansion - Management indicated that the ADEX expansion has been delayed due to market conditions and customer development planning, with expectations for customer engagement in 2026 [34] Question: Optimization benefits and impact on ADEX - Management clarified that optimization initiatives will provide incremental value but will not significantly impact the need for ADEX expansion [36] Question: Rail network capacity for ADEX expansion - Management believes the rail network has sufficient capacity to support ADEX expansion without major upgrades, although some enhancements may be needed [44] Question: Breakdown of capital expenditure - Most capital expenditure was spent on the ship loader and reclaimer, totaling approximately $280,000,000 [46] Question: Interest costs expectations - Interest costs are expected to rise due to increased capital spending, but capitalized interest will not significantly impact the P&L until projects are commissioned [48][49] Question: Future kneecap opportunities - Management discussed potential projects, including a new ship loader and gallery wrapping, with a total estimated cost of around $400,000,000 over the next several years [52][54] Question: Criteria for future acquisitions - Management indicated that acquisitions below $100,000,000 may not be pursued unless they are adjacent to current operations, while larger opportunities would be considered based on familiarity and alignment with existing business [56][58] Question: Support from shareholders for large acquisitions - Management expressed confidence in shareholder support for value-accretive opportunities, noting improved conditions in debt markets for coal-related assets [60][61]

Financial Data and Key Metrics Changes - EBITDA increased by 5.3% to $143,800,000 compared to the same period in 2024 [3] - Funds from operations (FFO) rose by 13.8% to $84,100,000 [3] - Net profit after tax was reported at $43,100,000, a 17% increase from the prior comparative period [13] Business Line Data and Key Metrics Changes - The terminal's capacity remains fully contracted at 84,200,000 tons per annum, with all customers under take-or-pay contracts [2][5] - The terminal infrastructure charge (TIC) increased to $3.72 per ton, reflecting a 3.6% uplift compared to the previous year [3][9] - General and administrative expenses decreased by 9.2% compared to 2024, demonstrating ongoing cost management [10] Market Data and Key Metrics Changes - The terminal services 21 mines owned by 11 customers across the Central Bowen Basin, Australia's premier metallurgical coal region [2] - The terminal represents over 14% of global seaborne metallurgical coal exports [2] Company Strategy and Development Direction - The company is focused on organic growth opportunities, including optimization initiatives and a committed capital expenditure program of $405,500,000 [21][22] - The ADEX project is being considered for future expansion, which will involve significant capital investment [23][27] - The company aims to maintain a payout ratio of 60% to 80% of FFO while targeting distribution per security (DPS) growth of 3% to 7% per annum [11] Management's Comments on Operating Environment and Future Outlook - Management noted that the current coal market is influenced by global geopolitical factors, which may delay customer engagement on expansion projects [35] - The company is optimistic about future revenue growth driven by new revenue initiatives and the implementation of approved projects [31] Other Important Information - The company has received a citizenship level safety rating from Centus, the highest rating issued, indicating strong operational safety [4] - DBI's debt level remains stable, with a total of $2,300,000,000 in debt facilities, of which $1,800,000,000 was drawn as of June 30, 2025 [14][15] Q&A Session Summary Question: Can you provide more time frames on the ADEX expansion? - Management indicated that the ADEX expansion has been delayed due to the current coal market and approvals environment, with customer engagement expected in 2026 [35] Question: What are the components within the supply chain that would need to be expanded for ADEX? - Management believes there is sufficient capacity in the rail network to support an ADEX expansion without significant expansion, but some enhancements may be needed [44] Question: Can you provide a breakdown of the $60 million spent in CapEx? - Most of the CapEx was spent on the ship loader and reclaimer, with approximately $40,000,000 to $50,000,000 allocated to these projects [47] Question: What is the expectation for interest costs for the full year? - Interest costs are expected to be higher due to increased capital spending, but capitalized interest will not significantly impact the P&L until projects are commissioned [48][49] Question: Can you provide more details on the kneecap opportunities? - Management is assessing the need for a new ship loader and potential gallery wrapping projects, with significant capital expected to be spent over the next few years [52][54] Question: What is the scale of potential acquisition opportunities? - Management indicated that opportunities below $100,000,000 may not be pursued unless they are adjacent and easy to execute, while larger opportunities would be considered based on alignment with existing business [56] Question: What is the company's stance on working as part of a consortium? - Management is open to working with partners if it reduces execution risk and aligns with business objectives [62]

For personal use only Investor Presentation 2025 Half Year Financial Results For personal use only Presenters Michael Riches Chief Executive Officer Stephanie Commons Chief Financial Officer 01 Overview 02 H1-25 Highlights 03 Stable and predictable business model 04 Financial Performance 05 Growth optionality 06 Strategic Priorities 07 Appendices Investor Presentation | August 2025 2 Format photo Overview For personal use only 3 4 For personal use only DBI through its foundation asset, the Dalrymple Bay Ter ...

Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Designer Brands Inc. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] - On June 10, 2025, Designer Brands announced the withdrawal of its 2025 guidance due to a soft start to the year, an unpredictable macro environment, and deteriorating consumer sentiment [3] - Following the announcement, Designer Brands' stock price fell by $0.68 per share, or 18.23%, closing at $3.05 per share on the same day [3] Group 2 - Designer Brands is focusing on amplifying value in retail channels, preserving margins, controlling costs, and mitigating tariff impacts in response to market volatility [3]