[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) Presents unaudited condensed consolidated financial statements and management's discussion and analysis [Item 1. Financial Statements](index=4&type=section&id=Item%201%20Financial%20Statements) Presents unaudited condensed consolidated financial statements, including operations, balance sheets, cash flows, and key notes [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Details the company's net sales, gross profit, operating profit, net income (loss), and diluted EPS for the reported periods | Metric | Three months ended Aug 2, 2025 (in thousands) | Three months ended Aug 3, 2024 (in thousands) | Six months ended Aug 2, 2025 (in thousands) | Six months ended Aug 3, 2024 (in thousands) | | :----------------------------------- | :-------------------------------------------- | :-------------------------------------------- | :------------------------------------------ | :------------------------------------------ | | Net sales | $739,762 | $771,900 | $1,426,671 | $1,518,496 | | Gross profit | $322,933 | $339,549 | $618,059 | $669,560 | | Operating profit | $26,583 | $28,589 | $19,321 | $37,971 | | Net income (loss) attributable to DBI | $10,827 | $13,824 | $(6,597) | $14,607 | | Diluted EPS | $0.22 | $0.24 | $(0.14) | $0.25 | - For the three months ended August 2, 2025, **Net sales decreased by 4.2% YoY**, and **Net income attributable to Designer Brands Inc. decreased by 21.7% YoY**. Diluted EPS also decreased from **$0.24 to $0.22**[11](index=11&type=chunk) - For the six months ended August 2, 2025, the company reported a **Net loss attributable to Designer Brands Inc. of $(6.6) million**, a significant decline from Net income of **$14.6 million** in the prior year period. Diluted EPS shifted from **$0.25 to $(0.14)**[11](index=11&type=chunk) [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20%28Loss%29) Presents the company's net income (loss), foreign currency translation adjustments, and comprehensive income (loss) | Metric | Three months ended Aug 2, 2025 (in thousands) | Three months ended Aug 3, 2024 (in thousands) | Six months ended Aug 2, 2025 (in thousands) | Six months ended Aug 3, 2024 (in thousands) | | :------------------------------------------------ | :-------------------------------------------- | :-------------------------------------------- | :------------------------------------------ | :------------------------------------------ | | Net income (loss) | $11,281 | $14,082 | $(5,855) | $14,967 | | Foreign currency translation gain (loss) | $9 | $(977) | $3,507 | $(1,880) | | Comprehensive income (loss) attributable to DBI | $10,836 | $12,847 | $(3,090) | $12,727 | - For the six months ended August 2, 2025, the company reported a **Comprehensive loss attributable to Designer Brands Inc. of $(3.1) million**, a significant decrease from Comprehensive income of **$12.7 million** in the prior year period, primarily due to the net loss and a foreign currency translation gain[12](index=12&type=chunk) [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Summarizes the company's assets, liabilities, and shareholders' equity at various reporting dates | Metric | August 2, 2025 (in thousands) | February 1, 2025 (in thousands) | August 3, 2024 (in thousands) | | :------------------------------------ | :------------------------------ | :------------------------------ | :------------------------------ | | Total assets | $2,061,731 | $2,009,224 | $2,107,134 | | Total liabilities | $1,777,720 | $1,727,449 | $1,748,070 | | Total shareholders' equity | $280,797 | $278,491 | $355,545 | | Cash and cash equivalents | $44,937 | $44,752 | $38,834 | | Inventories | $610,876 | $599,751 | $642,783 | | Long-term debt | $509,593 | $484,285 | $458,974 | - As of August 2, 2025, **total assets increased to $2,061.7 million** from **$2,009.2 million** at February 1, 2025, while **total shareholders' equity saw a slight increase to $280.8 million** from **$278.5 million**[14](index=14&type=chunk) - **Long-term debt increased to $509.6 million** as of August 2, 2025, compared to **$484.3 million** at February 1, 2025, and **$459.0 million** at August 3, 2024[14](index=14&type=chunk) [Condensed Consolidated Statements of Shareholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Shareholders%27%20Equity) Outlines changes in shareholders' equity, including retained earnings, net income (loss), and dividends | Metric | Balance, Feb 1, 2025 (in thousands) | Balance, Aug 2, 2025 (in thousands) | Balance, Feb 3, 2024 (in thousands) | Balance, Aug 3, 2024 (in thousands) | | :------------------------------------ | :---------------------------------- | :---------------------------------- | :---------------------------------- | :---------------------------------- | | Total Shareholders' Equity | $278,491 | $280,797 | $359,220 | $355,545 | | Retained Earnings | $77,895 | $66,493 | $98,896 | $107,774 | | Net income (loss) attributable to DBI | $(6,597) | $(6,597) | $14,607 | $14,607 | | Dividends ($0.10 per share) | N/A | $(4,805) | N/A | $(5,729) | - **Total shareholders' equity increased slightly from $278.5 million** at February 1, 2025, to **$280.8 million** at August 2, 2025, despite a **net loss attributable to Designer Brands Inc. of $(6.6) million** for the six months ended August 2, 2025[15](index=15&type=chunk) - **Dividends paid for the six months ended August 2, 2025, totaled $4.8 million ($0.10 per share)**, a decrease from **$5.7 million** in the same period last year[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Presents cash flows from operating, investing, and financing activities, and their impact on cash and cash equivalents | Metric | Six months ended Aug 2, 2025 (in thousands) | Six months ended Aug 3, 2024 (in thousands) | | :------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Net cash provided by operating activities | $1,077 | $21,898 | | Net cash used in investing activities | $(18,669) | $(41,471) | | Net cash provided by financing activities | $16,482 | $9,627 | | Net increase (decrease) in cash and cash equivalents | $185 | $(10,339) | | Cash and cash equivalents, end of period | $44,937 | $38,834 | - **Net cash provided by operating activities significantly decreased to $1.1 million** for the six months ended August 2, 2025, from **$21.9 million** in the prior year, primarily due to a net loss and lower income tax refunds[17](index=17&type=chunk)[99](index=99&type=chunk) - **Net cash used in investing activities decreased to $18.7 million** from **$41.5 million**, driven by a reduction in capital expenditures and the absence of business acquisitions compared to the prior year[17](index=17&type=chunk)[100](index=100&type=chunk) - **Net cash provided by financing activities increased to $16.5 million** from **$9.6 million**, mainly due to no Class A common share repurchases in the current period, partially offset by decreased net borrowings from the ABL Revolver[17](index=17&type=chunk)[101](index=101&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Explains significant accounting policies, acquisitions, revenue, related party transactions, and other financial items [Note 1. Description of Business and Significant Accounting Policies](index=10&type=section&id=Note%201%20Description%20of%20Business%20and%20Significant%20Accounting%20Policies) Outlines the company's operating segments, changes in accounting policies, and impairment charges - Designer Brands Inc. operates in three reportable segments: U.S. Retail (DSW), Canada Retail (The Shoe Co., DSW, Rubino), and Brand Portfolio (wholesale of branded products and direct-to-consumer sales of Vince Camuto, Keds, Topo)[19](index=19&type=chunk) - The company changed its interim income tax calculation method from discrete effective tax to annual effective tax rate for the six months ended August 2, 2025, to improve comparability, with an immaterial impact for the three months ended August 2, 2025[25](index=25&type=chunk) | Period | Effective Tax Rate | | :------------------------------------ | :------------------- | | Three months ended August 2, 2025 | 24.0% | | Three months ended August 3, 2024 | 19.3% | | Six months ended August 2, 2025 | (36.7)% | | Six months ended August 3, 2024 | 1.0% | - The effective tax rate for the six months ended August 2, 2025, was **negative 36.7%** primarily due to permanent non-deductible compensation[27](index=27&type=chunk) - The company recorded impairment charges of **$1.5 million** for an underperforming U.S. store and **$1.0 million** for underperforming Canadian stores, plus a **$2.0 million** impairment for an equity security, totaling **$4.5 million** for the six months ended August 2, 2025. No impairment charges were recorded in the prior year period[30](index=30&type=chunk)[93](index=93&type=chunk) [Note 2. Acquisition](index=12&type=section&id=Note%202%20Acquisition) Details the acquisition of Rubino Shoes Inc. and its impact on the company's assets and goodwill - On April 8, 2024, Designer Brands Inc. acquired Rubino Shoes Inc. for **$16.144 million in cash**, expanding its Canada Retail segment into Quebec[33](index=33&type=chunk) | Acquired Asset/Liability | Fair Value (in thousands) | | :----------------------- | :------------------------ | | Inventories | $7,245 | | Operating lease assets | $9,334 | | Goodwill | $7,067 | | Intangible assets | $5,116 | | Other assets | $2,443 | | Accounts payable and other current liabilities | $(5,727) | | Operating lease liabilities | $(9,334) | | **Total Purchase Price** | **$16,144** | - **Goodwill of $7.067 million** from the Rubino acquisition is primarily attributable to acquiring an established retail banner in a new Canadian province[33](index=33&type=chunk) [Note 3. Revenue](index=12&type=section&id=Note%203%20Revenue) Explains changes in net sales disaggregation and provides a breakdown of revenue by segment and deferred revenue - The company changed its net sales disaggregation presentation to include an athletic footwear category and exclude brand categories, aligning with management's evaluation of segment performance[34](index=34&type=chunk) | Segment/Category | Three months ended Aug 2, 2025 (in thousands) | Three months ended Aug 3, 2024 (in thousands) | Six months ended Aug 2, 2025 (in thousands) | Six months ended Aug 3, 2024 (in thousands) | | :----------------- | :-------------------------------------------- | :-------------------------------------------- | :------------------------------------------ | :------------------------------------------ | | U.S. Retail | $610,926 | $641,694 | $1,184,166 | $1,263,061 | | Canada Retail | $75,077 | $74,797 | $128,982 | $130,309 | | Brand Portfolio | $73,157 | $95,993 | $169,055 | $200,123 | | Total Net Sales | $739,762 | $771,900 | $1,426,671 | $1,518,496 | - **Total net sales decreased by 4.2%** for the three months ended August 2, 2025, and by **6.0%** for the six months ended August 2, 2025, compared to the respective prior year periods[36](index=36&type=chunk)[76](index=76&type=chunk)[85](index=85&type=chunk) | Deferred Revenue Type | End of Period Aug 2, 2025 (in thousands) | End of Period Aug 3, 2024 (in thousands) | | :-------------------- | :--------------------------------------- | :--------------------------------------- | | Gift cards | $24,168 | $25,345 | | Reward programs | $12,918 | $14,554 | [Note 4. Related Party Transactions](index=13&type=section&id=Note%204%20Related%20Party%20Transactions) Details transactions with related parties, including lease and royalty expenses - The Schottenstein Affiliates, who beneficially own approximately **30% of the Company's common shares** and **66% of combined voting power**, lease certain store and office locations to the Company[38](index=38&type=chunk) | Related Party Transaction | Three months ended Aug 2, 2025 (in thousands) | Three months ended Aug 3, 2024 (in thousands) | Six months ended Aug 2, 2025 (in thousands) | Six months ended Aug 3, 2024 (in thousands) | | :------------------------ | :-------------------------------------------- | :-------------------------------------------- | :------------------------------------------ | :------------------------------------------ | | Rent expense (Schottenstein Affiliates) | $1,700 | $1,600 | $3,500 | $3,600 | | Royalty expense (ABG-Camuto) | $4,800 | $4,800 | $9,600 | $9,600 | - The Company has a **40.0% ownership interest in ABG-Camuto** and pays royalties on net sales of licensed brands, with royalty expense remaining constant at **$4.8 million** for both three-month periods and **$9.6 million** for both six-month periods[41](index=41&type=chunk) [Note 5. Earnings (Loss) Per Share](index=14&type=section&id=Note%205%20Earnings%20%28Loss%29%20Per%20Share) Provides details on weighted average shares outstanding and anti-dilutive stock-based compensation awards | Metric | Three months ended Aug 2, 2025 (in thousands) | Three months ended Aug 3, 2024 (in thousands) | Six months ended Aug 2, 2025 (in thousands) | Six months ended Aug 3, 2024 (in thousands) | | :------------------------------------ | :-------------------------------------------- | :-------------------------------------------- | :------------------------------------------ | :------------------------------------------ | | Weighted average basic shares outstanding | 49,109 | 57,162 | 48,678 | 57,313 | | Weighted average diluted shares outstanding | 49,734 | 58,576 | 48,678 | 58,978 | | Anti-dilutive stock-based compensation awards excluded | 8,800 | 4,100 | 7,500 | 3,600 | - The number of shares relating to potentially dilutive stock-based compensation awards excluded from diluted EPS calculations due to their anti-dilutive effect increased significantly to **8.8 million** for the three months ended August 2, 2025, from **4.1 million** in the prior year[43](index=43&type=chunk) [Note 6. Stock-Based Compensation](index=14&type=section&id=Note%206%20Stock-Based%20Compensation) Reports stock-based compensation expense and activity for restricted stock units (RSUs) | Period | Stock-Based Compensation Expense (in thousands) | | :------------------------------------ | :-------------------------------------------- | | Three months ended August 2, 2025 | $6,000 | | Three months ended August 3, 2024 | $5,800 | | Six months ended August 2, 2025 | $12,100 | | Six months ended August 3, 2024 | $11,400 | | RSU Activity (Six months ended Aug 2, 2025) | Shares of Time-Based RSUs (in thousands) | Shares of Performance-Based RSUs (in thousands) | | :------------------------------------------ | :--------------------------------------- | :---------------------------------------------- | | Outstanding - beginning of period | 4,743 | 1,013 | | Granted | 6,389 | 880 | | Vested | (1,103) | (269) | | Forfeited | (821) | (497) | | Outstanding - end of period | 9,208 | 1,127 | - **Stock-based compensation expense increased to $12.1 million** for the six months ended August 2, 2025, from **$11.4 million** in the prior year period[44](index=44&type=chunk) [Note 7. Shareholders' Equity](index=15&type=section&id=Note%207%20Shareholders%27%20Equity) Provides a breakdown of Class A and Class B common shares issued and outstanding, including treasury shares | Share Class | August 2, 2025 (in thousands) | February 1, 2025 (in thousands) | August 3, 2024 (in thousands) | | :------------ | :---------------------------- | :------------------------------ | :---------------------------- | | Class A Issued | 94,698 | 93,113 | 92,982 | | Class B Issued | 7,733 | 7,733 | 7,733 | | Class A Outstanding | 41,796 | 40,211 | 47,757 | | Class B Outstanding | 7,733 | 7,733 | 7,733 | | Treasury shares | 52,902 | 52,902 | 45,225 | - As of August 2, 2025, **Class A common shares outstanding were 41.796 million**, and **Class B common shares outstanding were 7.733 million**. Class B shares carry eight votes per share and are convertible to Class A shares[46](index=46&type=chunk)[47](index=47&type=chunk) [Note 8. Receivables](index=15&type=section&id=Note%208%20Receivables) Details receivables composition, including payment guarantees, and the allowance for credit losses | Receivables Category | August 2, 2025 (in thousands) | February 1, 2025 (in thousands) | August 3, 2024 (in thousands) | | :------------------- | :---------------------------- | :------------------------------ | :---------------------------- | | Receivables with payment guarantee | $23,210 | $25,030 | $24,405 | | Receivables without payment guarantee | $11,849 | $11,213 | $10,983 | | Other receivables | $21,462 | $14,579 | $14,731 | | Total receivables | $56,521 | $50,822 | $50,119 | | Allowance for credit losses | $(846) | $(451) | $(448) | | **Receivables, net** | **$55,675** | **$50,371** | **$49,671** | - **Receivables, net, increased to $55.7 million** as of August 2, 2025, from **$50.4 million** at February 1, 2025, primarily driven by an increase in 'Other receivables'. The allowance for credit losses also increased[48](index=48&type=chunk) [Note 9. Property and Leases](index=16&type=section&id=Note%209%20Property%20and%20Leases) Details changes in property, equipment, and lease assets and liabilities, including new distribution center leases - During the six months ended August 2, 2025, the company commenced operations of a new distribution center, resulting in **$22.4 million in new operating leases** and **$32.5 million in new finance leases** for equipment[49](index=49&type=chunk) | Asset Category | August 2, 2025 (in thousands) | February 1, 2025 (in thousands) | August 3, 2024 (in thousands) | | :--------------- | :---------------------------- | :------------------------------ | :---------------------------- | | Property and equipment, net | $227,141 | $208,199 | $216,313 | | Operating lease assets | $716,685 | $701,621 | $723,818 | | Finance lease assets | $31,008 | — | — | | Lease Liability Category | August 2, 2025 (in thousands) | February 1, 2025 (in thousands) | August 3, 2024 (in thousands) | | :----------------------- | :---------------------------- | :------------------------------ | :---------------------------- | | Current operating lease liabilities | $157,212 | $159,924 | $156,394 | | Non-current operating lease liabilities | $646,431 | $635,076 | $653,416 | | Current finance lease liabilities | $3,199 | — | — | | Non-current finance lease liabilities | $28,913 | — | — | - Non-cash activities for the six months ended August 2, 2025, included **$36.617 million in operating lease liabilities** and **$32.482 million in finance lease liabilities** arising from lease asset additions[52](index=52&type=chunk) [Note 10. Accrued Expenses](index=17&type=section&id=Note%2010%20Accrued%20Expenses) Provides a breakdown of accrued expenses, including gift cards, compensation, taxes, and customer returns | Accrued Expense Category | August 2, 2025 (in thousands) | February 1, 2025 (in thousands) | August 3, 2024 (in thousands) | | :----------------------- | :---------------------------- | :------------------------------ | :---------------------------- | | Gift cards | $24,168 | $28,963 | $25,345 | | Accrued compensation and related expenses | $20,875 | $16,969 | $31,579 | | Accrued taxes | $26,989 | $22,843 | $23,721 | | Customer returns and allowances | $17,667 | $18,053 | $19,247 | | Reward programs deferred revenue | $12,918 | $14,126 | $14,554 | | Other | $67,716 | $51,199 | $46,709 | | **Total Accrued Expenses** | **$170,333** | **$152,153** | **$161,155** | - **Total accrued expenses increased to $170.3 million** as of August 2, 2025, from **$152.2 million** at February 1, 2025, primarily due to an increase in 'Other' accrued expenses and accrued compensation[53](index=53&type=chunk) [Note 11. Debt](index=17&type=section&id=Note%2011%20Debt) Provides details on the company's ABL Revolver and Term Loan, including outstanding balances and compliance with covenants | Debt Category | August 2, 2025 (in thousands) | February 1, 2025 (in thousands) | August 3, 2024 (in thousands) | | :-------------- | :---------------------------- | :------------------------------ | :---------------------------- | | ABL Revolver | $397,914 | $370,090 | $342,280 | | Term Loan | $123,000 | $126,375 | $129,750 | | Total debt | $520,914 | $496,465 | $472,030 | | Long-term debt | $509,593 | $484,285 | $458,974 | - **Total debt increased to $520.9 million** as of August 2, 2025, from **$496.5 million** at February 1, 2025, primarily driven by increased ABL Revolver borrowings[54](index=54&type=chunk) - As of August 2, 2025, the ABL Revolver had **$104.3 million available for borrowings**, with **$367.9 million outstanding** and **$4.0 million in letters of credit** against a borrowing base of **$476.2 million**[56](index=56&type=chunk) - The Term Loan had an outstanding balance of **$123.0 million** as of August 2, 2025, and the company was in compliance with all debt covenants[60](index=60&type=chunk)[103](index=103&type=chunk)[104](index=104&type=chunk) [Note 12. Commitments and Contingencies](index=18&type=section&id=Note%2012%20Commitments%20and%20Contingencies) Discusses the company's involvement in legal proceedings and the assessment of potential liabilities - The company is involved in various legal proceedings, but believes the amount of any potential liability will not be material to its results of operations or financial condition[61](index=61&type=chunk) - For certain legal matters with agreed settlement terms, the company has recorded accrued expenses with corresponding receivables, as these matters are fully covered by insurance policies[61](index=61&type=chunk) [Note 13. Segment Reporting](index=19&type=section&id=Note%2013%20Segment%20Reporting) Provides financial data disaggregated by the company's U.S. Retail, Canada Retail, and Brand Portfolio segments - The company operates in three reportable segments: U.S. Retail, Canada Retail, and Brand Portfolio, with the CEO identified as the Chief Operating Decision Maker (CODM)[62](index=62&type=chunk) | Segment | Three months ended Aug 2, 2025 Net Sales (in thousands) | Three months ended Aug 3, 2024 Net Sales (in thousands) | Six months ended Aug 2, 2025 Net Sales (in thousands) | Six months ended Aug 3, 2024 Net Sales (in thousands) | | :-------- | :------------------------------------------------------ | :------------------------------------------------------ | :---------------------------------------------------- | :---------------------------------------------------- | | U.S. Retail | $610,926 | $641,694 | $1,184,166 | $1,263,061 | | Canada Retail | $75,077 | $74,797 | $128,982 | $130,309 | | Brand Portfolio | $73,157 | $95,993 | $169,055 | $200,123 | | **Total Consolidated Net Sales** | **$739,762** | **$771,900** | **$1,426,671** | **$1,518,496** | | Segment | Three months ended Aug 2, 2025 Operating Profit (Loss) (in thousands) | Three months ended Aug 3, 2024 Operating Profit (Loss) (in thousands) | Six months ended Aug 2, 2025 Operating Profit (Loss) (in thousands) | Six months ended Aug 3, 2024 Operating Profit (Loss) (in thousands) | | :-------- | :-------------------------------------------------------------------- | :-------------------------------------------------------------------- | :------------------------------------------------------------------ | :------------------------------------------------------------------ | | U.S. Retail | $60,211 | $77,573 | $99,819 | $141,774 | | Canada Retail | $8,498 | $9,052 | $8,863 | $12,220 | | Brand Portfolio | $(3,606) | $(2,053) | $(1,015) | $(97) | | **Consolidated Operating Profit** | **$26,583** | **$28,589** | **$19,321** | **$37,971** | - Corporate shared services costs and impairment charges are not attributed to any specific segment[67](index=67&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial condition and results, highlighting decreased sales, macroeconomic impacts, and mitigating actions [Executive Overview and Trends in Our Business](index=23&type=section&id=Executive%20Overview%20and%20Trends%20in%20Our%20Business) Provides an overview of key financial trends, including net sales, comparable sales, and gross profit margin performance - For the second quarter of 2025, **net sales decreased by 4.2%** and **total comparable sales declined by 5.0%** compared to the same period last year[68](index=68&type=chunk) - Gross profit as a percentage of net sales for Q2 2025 was **43.7%**, a **30 basis point decrease YoY**, with margin rates down across all segments[68](index=68&type=chunk) [Effects of Macroeconomic Conditions and Tariffs](index=23&type=section&id=Effects%20of%20Macroeconomic%20Conditions%20and%20Tariffs) Discusses the negative impact of macroeconomic conditions and tariffs on operating results and liquidity, and mitigating actions - Uncertain macroeconomic conditions, including tariffs, stock market volatility, elevated interest rates, inflation, and geopolitical unrest, have negatively impacted operating results and liquidity in the first half of 2025, leading to decreased consumer demand and traffic[69](index=69&type=chunk) - The company is implementing mitigating actions such as aligning inventory with demand, reducing expenses and capital expenditures, and accelerating sourcing diversification efforts, particularly for the Brand Portfolio segment which sources heavily from Asia[69](index=69&type=chunk)[70](index=70&type=chunk) - New U.S. tax legislation (OBBB) signed on July 4, 2025, is not expected to have a material impact on the estimated 2025 annual effective tax rate[26](index=26&type=chunk) [Financial Summary and Other Key Metrics](index=24&type=section&id=Financial%20Summary%20and%20Other%20Key%20Metrics) Presents a summary of key financial metrics, including net sales, gross profit, net income, EPS, and comparable sales by segment | Metric | Three months ended Aug 2, 2025 | Three months ended Aug 3, 2024 | | :------------------------------------ | :----------------------------- | :----------------------------- | | Net sales | $739.8 million | $771.9 million | | Gross profit as % of net sales | 43.7% | 44.0% | | Net income attributable to DBI | $10.8 million | $13.8 million | | Diluted EPS | $0.22 | $0.24 | - Net income attributable to Designer Brands Inc. for the three months ended August 2, 2025, included net after-tax charges of **$5.9 million ($0.12 per diluted share)** primarily from restructuring and impairment charges, compared to **$3.2 million ($0.05 per diluted share)** in the prior year[72](index=72&type=chunk) | Segment | Change in Comparable Sales (Three months ended Aug 2, 2025) | Change in Comparable Sales (Three months ended Aug 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)% | | Segment | Number of Stores (Aug 2, 2025) | Number of Stores (Aug 3, 2024) | | :-------------------- | :----------------------------- | :----------------------------- | | U.S. Retail - DSW | 493 | 499 | | Canada Retail | 175 | 177 | | **Total Stores** | **668** | **676** | [Results of Operations](index=25&type=section&id=Results%20of%20Operations) Analyzes the company's financial performance for the second quarter and six months of 2025 compared to prior year periods [Second Quarter of 2025 Compared with Second Quarter of 2024](index=25&type=section&id=Second%20Quarter%20of%202025%20Compared%20with%20Second%20Quarter%20of%202024) Compares key financial metrics and segment performance for the second quarter of 2025 against the prior year | Metric | Aug 2, 2025 (in thousands) | Aug 3, 2024 (in thousands) | Change (Amount) | Change (%) | | :------------------------------------ | :------------------------- | :------------------------- | :-------------- | :--------- | | Net sales | $739,762 | $771,900 | $(32,138) | (4.2)% | | Gross profit | $322,933 | $339,549 | $(16,616) | (4.9)% | | Operating expenses | $(297,462) | $(313,531) | $16,069 | (5.1)% | | Operating profit | $26,583 | $28,589 | $(2,006) | (7.0)% | | Net income attributable to DBI | $10,827 | $13,824 | $(2,997) | (21.7)% | | Diluted EPS | $0.22 | $0.24 | $(0.02) | (8.3)% | - U.S. Retail segment **net sales decreased by 4.8%** due to a **4.9% decline in comparable sales**, driven by a **7% decrease in comparable transactions**, partially offset by increased average sales per transaction[77](index=77&type=chunk)[78](index=78&type=chunk) - Brand Portfolio segment **net sales decreased by 23.8%** primarily due to a **$22.6 million reduction in wholesale activity** as retail customers pulled back on orders, partially offset by strong Topo wholesale activity[77](index=77&type=chunk)[78](index=78&type=chunk) - Consolidated **gross profit decreased by 4.9%**, and **gross profit as a percentage of net sales decreased by 30 basis points**, primarily due to promotional activity in U.S. Retail and deleverage of fixed royalty expenses in Brand Portfolio[79](index=79&type=chunk) - Consolidated **operating expenses decreased by 5.1%**, mainly due to lower store selling expenses and personnel overhead in U.S. Retail and reduced marketing expenses in Brand Portfolio, along with lower corporate shared service costs[81](index=81&type=chunk) - Consolidated **operating profit decreased by 7.0%**, driven by lower gross profit, partially offset by reduced operating expenses and favorable corporate/eliminations activity[83](index=83&type=chunk)[84](index=84&type=chunk) [Six Months of 2025 Compared with Six Months of 2024](index=28&type=section&id=Six%20Months%20of%202025%20Compared%20with%20Six%20Months%20of%202024) Compares key financial metrics and segment performance for the six months of 2025 against the prior year | Metric | Aug 2, 2025 (in thousands) | Aug 3, 2024 (in thousands) | Change (Amount) | Change (%) | | :------------------------------------ | :------------------------- | :------------------------- | :-------------- | :--------- | | Net sales | $1,426,671 | $1,518,496 | $(91,825) | (6.0)% | | Gross profit | $618,059 | $669,560 | $(51,501) | (7.7)% | | Operating expenses | $(599,324) | $(637,024) | $37,700 | (5.9)% | | Operating profit | $19,321 | $37,971 | $(18,650) | (49.1)% | | Net income (loss) attributable to DBI | $(6,597) | $14,607 | $(21,204) | NM | | Diluted EPS | $(0.14) | $0.25 | $(0.39) | NM | - U.S. Retail segment **net sales decreased by 6.2%** due to a **6.1% decline in comparable sales**, driven by a **9% decrease in comparable transactions**[86](index=86&type=chunk)[87](index=87&type=chunk) - Brand Portfolio segment **net sales decreased by 15.5%** due to a **$32.5 million reduction in wholesale activity**, partially offset by a **$10.0 million increase from Topo wholesale activity**[86](index=86&type=chunk)[87](index=87&type=chunk) - Consolidated **gross profit decreased by 7.7%**, and **gross profit as a percentage of net sales decreased by 80 basis points**, primarily due to increased promotional activity and product mix changes in U.S. Retail, and unfavorable customer mix and deleverage of fixed royalty expenses in Brand Portfolio[88](index=88&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk) - Consolidated **operating expenses decreased by 5.9%**, mainly due to lower store selling expenses and personnel overhead in U.S. Retail, reduced marketing and personnel costs in Brand Portfolio, and lower corporate shared service costs[92](index=92&type=chunk) - Consolidated **operating profit decreased by 49.1%**, primarily due to lower gross profit and higher impairment charges, partially offset by lower operating expenses[94](index=94&type=chunk)[95](index=95&type=chunk) [Income Taxes](index=31&type=section&id=Income%20Taxes) Discusses the company's effective tax rate and the primary factors influencing it | Period | Effective Tax Rate | | :------------------------------------ | :------------------- | | Six months ended August 2, 2025 | (36.7)% | | Six months ended August 3, 2024 | 1.0% | - The **negative effective tax rate for the six months ended August 2, 2025, was primarily due to the impact of permanent non-deductible compensation**[96](index=96&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) Examines the company's cash flow requirements, sources of liquidity, and debt obligations [Overview](index=31&type=section&id=Overview) Summarizes the company's cash flow needs and management's assessment of liquidity sufficiency - The company's primary cash flow requirements include inventory purchases, lease obligations, licensing royalties, working capital, capital expenditures, and debt service[97](index=97&type=chunk) - Management believes that cash from operations, current cash levels, and availability under the ABL Revolver are sufficient to support ongoing operations, seasonal working capital, capital expenditures, and debt service for the next 12 months and beyond[97](index=97&type=chunk) - Macroeconomic conditions have negatively impacted operating results and liquidity in the first half of 2025, with potential for continued decreased consumer demand[97](index=97&type=chunk) [Operating Cash Flows](index=32&type=section&id=Operating%20Cash%20Flows) Analyzes changes in net cash provided by operating activities and their primary drivers - **Net cash provided by operating activities decreased by $20.821 million** for the six months ended August 2, 2025, primarily due to a net loss and lower income tax refunds, partially offset by improved working capital management[98](index=98&type=chunk)[99](index=99&type=chunk) [Investing Cash Flows](index=32&type=section&id=Investing%20Cash%20Flows) Examines changes in net cash used in investing activities, including capital expenditures and acquisitions - **Net cash used in investing activities decreased by $22.802 million** for the six months ended August 2, 2025, mainly due to a **$12.7 million reduction in capital expenditures** and the absence of the Rubino acquisition (over **$16.0 million**) that occurred in the prior year[98](index=98&type=chunk)[100](index=100&type=chunk) [Financing Cash Flows](index=32&type=section&id=Financing%20Cash%20Flows) Analyzes changes in net cash provided by financing activities, including share repurchases and debt borrowings - **Net cash provided by financing activities increased by $6.855 million** for the six months ended August 2, 2025, primarily because there were no Class A common share repurchases in the current period (compared to **$18.0 million** in the prior year), partially offset by a **$13.0 million decrease in net borrowings** from the ABL Revolver[98](index=98&type=chunk)[101](index=101&type=chunk) [Debt](index=32&type=section&id=Debt) Details the terms and outstanding balances of the ABL Revolver and Term Loan, and compliance with covenants - The ABL Revolver provides a revolving line of credit up to **$600.0 million**, maturing in March 2027, with **$104.3 million available for borrowings** as of August 2, 2025[102](index=102&type=chunk) - The Term Loan, entered into on June 23, 2023, had an outstanding balance of **$123.0 million** as of August 2, 2025, and matures in March 2027 or June 2028[103](index=103&type=chunk) - The company was in compliance with all financial covenants of both the ABL Revolver and Term Loan as of August 2, 2025[104](index=104&type=chunk) [Plans for Capitalized Costs](index=33&type=section&id=Plans%20for%20Capitalized%20Costs) Outlines expected capital expenditures for property, equipment, and cloud computing implementation costs in 2025 - The company expects to spend approximately **$35.0 million to $45.0 million** on capitalized property, equipment, and cloud computing implementation costs in 2025, with **$21.5 million** already spent during the first six months[106](index=106&type=chunk) [Recent Accounting Pronouncement](index=33&type=section&id=Recent%20Accounting%20Pronouncement) Discusses ASU 2024-03, its effective date, and the company's ongoing evaluation of its impact - ASU 2024-03, effective for the company's 2027 Annual Report on Form 10-K, requires disaggregated disclosures for specific cost and expense categories, and the company is currently evaluating its impact[31](index=31&type=chunk)[107](index=107&type=chunk) [Critical Accounting Policies and Estimates](index=33&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) Reiterates the company's critical accounting policies and estimates, emphasizing monitoring for potential impairment charges - The company's critical accounting policies and estimates, including those for impairment of goodwill and indefinite-lived intangible assets, remain largely unchanged from the 2024 Form 10-K[108](index=108&type=chunk) - Despite no current impairment of goodwill or indefinite-lived tradenames as of August 2, 2025, the company continues to monitor macroeconomic conditions, potential tariffs, and stock price volatility due to heightened uncertainty, which could lead to future material impairment charges[109](index=109&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=34&type=section&id=Item%203%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Reports no material changes to market risk exposures or management of interest rate and foreign currency risks - The company's market risk exposure primarily relates to interest rates and foreign currency exchange rates, with no material changes in these risks or their management since the 2024 Form 10-K[110](index=110&type=chunk) [Item 4. Controls and Procedures](index=34&type=section&id=Item%204%20Controls%20and%20Procedures) Confirms effectiveness of disclosure controls and reports no material changes in internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of August 2, 2025[111](index=111&type=chunk) - No material changes were made to the company's internal control over financial reporting during the last fiscal quarter[112](index=112&type=chunk) [PART II. OTHER INFORMATION](index=34&type=section&id=PART%20II%20OTHER%20INFORMATION) Covers legal proceedings, risk factors, equity security sales, defaults, mine safety, other information, and exhibits [Item 1. Legal Proceedings](index=34&type=section&id=Item%201%20Legal%20Proceedings) Incorporates legal proceedings information from Note 12, indicating no expected material liability - Information on legal proceedings is incorporated from Note 12, Commitments and Contingencies, of the financial statements[114](index=114&type=chunk) [Item 1A. Risk Factors](index=34&type=section&id=Item%201A%20Risk%20Factors) Reports no material changes to risk factors, except for updated discussion on U.S. trade policy and tariffs - No material changes to risk factors were noted, except for an updated discussion on the impact of U.S. trade policy changes and tariffs[115](index=115&type=chunk) - Increased tariffs on imported products, particularly from Asia, introduce heightened uncertainty and could materially adversely affect the company's cost structure, business, results of operations, and liquidity[116](index=116&type=chunk) - The company is accelerating sourcing diversification efforts to mitigate tariff risks, but there's no assurance these efforts will fully offset the impact, which could lead to product quality issues or higher costs[116](index=116&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=Item%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Details the share repurchase program, noting no Class A common shares repurchased, and discusses dividend restrictions - As of August 2, 2025, **$19.7 million of Class A common shares** remain authorized for repurchase under the company's share repurchase program[117](index=117&type=chunk) - No Class A common shares were repurchased during the six months ended August 2, 2025[117](index=117&type=chunk) - Future dividend payments are at the discretion of the Board and are subject to restrictions imposed by the ABL Revolver and Term Loan covenants[118](index=118&type=chunk)[119](index=119&type=chunk) [Item 3. Defaults Upon Senior Securities](index=35&type=section&id=Item%203%20Defaults%20Upon%20Senior%20Securities) Confirms that there were no defaults upon senior securities during the reporting period - There were no defaults upon senior securities[120](index=120&type=chunk) [Item 4. Mine Safety Disclosures](index=35&type=section&id=Item%204%20Mine%20Safety%20Disclosures) States that mine safety disclosures are not applicable to the company's operations - Mine safety disclosures are not applicable[121](index=121&type=chunk) [Item 5. Other Information](index=35&type=section&id=Item%205%20Other%20Information) Reports no Rule 10b5-1 trading plan changes and an amendment to the Nonqualified Deferred Compensation Plan - No directors or executive officers adopted or terminated Rule 10b5-1 trading plans during the three months ended August 2, 2025[122](index=122&type=chunk) - The Board approved an amendment to the Nonqualified Deferred Compensation Plan on September 4, 2025, suspending new deferrals for Plan Years commencing after 2025 indefinitely[123](index=123&type=chunk) [Item 6. Exhibits](index=36&type=section&id=Item%206%20Exhibits) Lists all exhibits filed with the Form 10-Q, including certifications and the deferred compensation plan amendment - Key exhibits include the Amendment to the Nonqualified Deferred Compensation Plan (Exhibit 10.1), Rule 13a-14(a)/15d-14(a) Certifications (Exhibits 31.1, 31.2), Section 1350 Certifications (Exhibits 32.1, 32.2), and iXBRL financial statements (Exhibit 101)[124](index=124&type=chunk) [SIGNATURE](index=37&type=section&id=SIGNATURE) Contains the certification signature of Designer Brands Inc.'s Chief Financial Officer for the report filing - The report was signed by Jared A. Poff, Executive Vice President, Chief Financial Officer and Chief Administrative Officer, on behalf of Designer Brands Inc. on September 9, 2025[128](index=128&type=chunk)

Core Insights - The article discusses the earnings call insights generated from transcripts and content available on the Seeking Alpha website, emphasizing the limitations of AI tools in ensuring accuracy and completeness [1][1]. Group 1 - The earnings call insights are compilations of earnings call transcripts and other content [1]. - The insights are generated by an AI tool and have not been curated or reviewed by editors [1]. - There are inherent limitations in using AI-based tools, affecting the accuracy, completeness, or timeliness of the insights [1].

Core Insights - Designer Brands Inc. (DBI) is a significant player in the global footwear and accessories market, focusing on diverse consumer needs and competing with major retailers [1] Financial Performance - On September 9, 2025, DBI reported earnings per share (EPS) of $0.34, surpassing the estimated $0.22, indicating effective strategies and operational improvements [2][6] - DBI's revenue for the second quarter was approximately $739.8 million, slightly exceeding the estimated $737.8 million, showcasing resilience amid macroeconomic uncertainties [3][6] Market Reaction - DBI's shares increased by 11.1%, closing at $4.41, reflecting investor confidence in the company's future prospects [4][6] Financial Ratios - The enterprise value to sales ratio of 0.506 and the price-to-sales ratio of 0.069 suggest that DBI's stock is valued at a fraction of its sales, indicating potential investment opportunities [5]

Core Insights - Designer Brands Inc. shares increased approximately 12% in premarket trading following stronger-than-expected second-quarter results [1] - Earnings per share were reported at $0.34, significantly exceeding the consensus estimate of $0.14 [1] - Revenue for the quarter reached $739.8 million, surpassing the expected $730.6 million [1] - Comparable sales experienced a 5% decline year-over-year but showed sequential improvement [1] Operational Highlights - The second quarter results featured a 280-basis point sequential improvement in comparable sales from the first quarter, indicating the effectiveness of targeted operational initiatives [2] - CEO Doug Howe emphasized that these initiatives contributed to a strong start for the back-to-school season in the U.S. retail segment, with improved traffic trends and higher conversion rates [2] Guidance and Market Conditions - The company has decided not to reinstate full-year 2025 guidance due to uncertainties related to global trade policies and tariffs [2]

I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...

U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining around 50 points on Tuesday.The Dow traded up 0.09% to 45,555.12 while the NASDAQ rose 0.13% to 21,826.24. The S&P 500 also rose, gaining, 0.15% to 6,504.97.Check This Out: Top 2 Tech Stocks That May Keep You Up At Night This MonthLeading and Lagging SectorsEnergy shares jumped by 1.7% on Tuesday.In trading on Tuesday, materials stocks fell by 1.2%.Top HeadlineDesigner Brands Inc. DBI reported better-than-expected earnings for t ...

Financial Data and Key Metrics Changes - For Q2 2025, the company reported net sales of $739.8 million, a decline of 4.2% year over year, with comparable sales down 5% [20][24] - Adjusted operating income was $30.3 million compared to $32.5 million last year, with adjusted net income at $16.7 million versus $17.1 million last year [24][25] - The effective tax rate on adjusted results was 10.1%, down from 20.6% last year [24] Business Line Data and Key Metrics Changes - U.S. retail segment sales declined 4.8% year over year, with comparable sales down 4.9%, showing significant improvement from Q1 [20][21] - The women's dress category posted a positive 5% comparable sales, a 900 basis point improvement from Q1 [20][21] - The brand portfolio segment saw total sales down 23.8% year over year, primarily due to a decline in internal sales to DSW, while external wholesale business grew by 7% [22][23] Market Data and Key Metrics Changes - Canadian retail segment sales were up 0.4% year over year, with comparable sales down 0.6%, indicating improvement from Q1 [21] - The athletic category experienced a slight negative comp of down 2%, but showed a two-point improvement from the first quarter [21] Company Strategy and Development Direction - The company is focusing on two pillars: customer and product, aiming to drive growth through scaling private label and enhancing wholesale models [11] - A new brand repositioning campaign titled "Let Us Surprise You" was launched to reinvigorate the DSW brand identity [12][39] - The company is optimizing inventory by reducing choice count by 25% while increasing depth by 15%, aiming to improve product availability and customer satisfaction [13][51] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the remainder of the year, despite ongoing macroeconomic headwinds and uncertainties related to tariffs [18][26] - The company is withholding full-year guidance due to the unpredictable macro environment but remains focused on disciplined execution [18][26] Other Important Information - The company ended Q2 with total inventories down 5% year over year and utilized excess cash to pay down debts, reducing total debt outstanding to $516.3 million [25] - The company fulfilled over 80% more digital demand through its logistics center compared to last year, enhancing operational efficiency [15] Q&A Session Summary Question: Can you elaborate on the interquarter trends and comp sales? - Management noted sequential improvement throughout the quarter, particularly in women's dress and athletic categories, with positive trends continuing into August [28][29] Question: What are the pressures foreseen in Q3 due to tariffs? - Management indicated that the primary concern is the indirect impact of tariffs on consumer sentiment rather than direct costs, with selective price increases implemented [34][35] Question: How is the new marketing campaign expected to impact store productivity? - Management expressed excitement about the campaign's early positive feedback and emphasized the importance of in-store experiences as a core differentiator [39][40] Question: What are the expectations for brand activations in Q4? - Management highlighted strong performance from brands like Birkenstock and noted that the top eight brands accounted for 45% of total sales [45] Question: Can you elaborate on the deeper assortment strategy? - Management confirmed a focus on increasing product availability and inventory productivity, with a significant reduction in choice count and an increase in depth planned [51]

Financial Data and Key Metrics Changes - Total sales for the quarter were down 4% year over year, with a 5% decline in comparable sales, reflecting a 280 basis point improvement from the first quarter [4][19] - Adjusted operating expenses were down over $14 million compared to last year, achieving 350 basis points of leverage compared to Q1, supporting year-over-year EPS growth [5][22] - Consolidated gross margin was 43.7% in the second quarter, decreasing by 30 basis points versus the prior year but leveraging 70 basis points from the first quarter [21] Business Line Data and Key Metrics Changes - In the U.S. retail segment, sales declined 4.8% year over year, with comp sales down 4.9%, showing significant improvement from Q1 [19] - Women's dress category posted a positive 5% comp, a 900 basis point improvement from the first quarter, while athletic sales were slightly negative at down 2% [20] - Canadian retail segment sales were up 0.4% year over year, with comps down 0.6%, indicating another significant improvement from Q1 [20] Market Data and Key Metrics Changes - The largest number of signups for the VIP rewards program occurred in stores, with store traffic improving and positively impacting the program [5] - The DoorDash partnership resulted in approximately 85% of transactions being from new customers, bolstering interest in stores across local geographies [7] - The brand portfolio segment saw total sales down 24% compared to last year, primarily due to lower internal sales, but wholesale activity across external retail partners delivered year-over-year growth [9][21] Company Strategy and Development Direction - The company is focusing on two pillars: customer and product, with plans to scale private label and build a more profitable wholesale model [10] - A new brand repositioning campaign, "Let Us Surprise You," aims to enhance customer engagement and brand identity [11] - The company is committed to optimizing inventory availability, reducing choice count by 25% while increasing depth by 15% for key styles [12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the remainder of the year, despite ongoing macroeconomic headwinds and uncertainties related to tariffs [16][24] - The company is focused on disciplined execution and navigating the near-term environment while building a business grounded in brand strength [16] - Management remains committed to their strategy and transformation, encouraged by early signs of positive momentum [17] Other Important Information - The company ended the second quarter with total inventories down 5% year over year and utilized excess cash to pay down debts, ending with total debt outstanding of $516.3 million [23] - The effective tax rate for the second quarter on adjusted results was 10.1%, compared to 20.6% last year [22] Q&A Session Summary Question: Can you elaborate on the interquarter trends and comp sales? - Management noted sequential improvement throughout the quarter, particularly in women's dress and athletic categories, with positive trends continuing into August [28][30] Question: What are the pressures foreseen in Q3 due to tariffs? - Management highlighted concerns about the indirect impact of tariffs on consumer sentiment rather than direct costs, with selective price increases implemented [34][36] Question: How is the new marketing campaign expected to impact store productivity? - The campaign has received positive feedback, and management is focused on optimizing marketing investments while tracking performance closely [40][41] Question: What are the expectations for brand activations in Q4? - Management expressed optimism about the performance of key brands, including Birkenstock and Nike, with a focus on maintaining better in-stock levels [46] Question: Can you elaborate on the deeper assortment strategy? - The strategy involves increasing product availability and depth for key styles while reducing choice count, aimed at improving inventory productivity [51]

Designer Brands (NYSE:DBI) Q2 2026 Earnings Call September 09, 2025 08:30 AM ET Company ParticipantsAshley Ferlin - Investor RelationsDoug M. Howe - CEOJared Poff - CFOConference Call ParticipantsDana Telsey - AnalystMauricio Serna - AnalystOperatorMorning and welcome to the Designer Brands Inc. Second Quarter 2025 Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing star, then zero on your telephone keypad. Afte ...

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 ...