Designer Brands Inc. (NYSE:DBI) Q3 2023 Earnings Conference Call December 5, 2023 8:30 AM ET Company Participants Ashley Firlan - Vice President at Edelman Smithfield Doug Howe - Chief Executive Officer Laura Denk - President of DSW Jared Poff - Chief Financial Officer and Chief Administrative Officer Conference Call Participants Gabriella Carbone - Deutsche Bank AG Jay Sole - UBS Operator Good morning, and welcome to the Designer Brands Third Quarter 2023 Earnings Conference Call. All participants will be ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 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) (State or other jurisdiction of incorporation ...

Designer Brands Inc. (NYSE:DBI) Q2 2023 Earnings Conference Call September 7, 2023 8:30 AM ET Company Participants Justin Fischer - Director, IR Doug Howe - CEO Jared Poff - CFO & Chief Administrative Officer Conference Call Participants Gaby Carbone - Deutsche Bank Mauricio Serna - UBS Dylan Carden - William Blair Operator Good morning, and welcome to the Designer Brands Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 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) (State or other jurisdiction of incorporation or ...

Designer Brands Inc. (NYSE:DBI) Q1 2023 Earnings Call Transcript June 8, 2023 8:30 AM ET Company Participants Justin Fischer - Director of Investor Relations Doug Howe - Chief Executive Officer Jared Poff - Executive Vice President & Chief Financial Officer Conference Call Participants Jay Sole - UBS Operator Good morning, and welcome to the Designer Brands Inc. First Quarter 2023 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...

Call Start: 08:30 January 1, 0000 9:04 AM ET Designer Brands Inc. (NYSE:DBI) Q4 2022 Earnings Conference Call March 16, 2023 08:30 ET Company Participants Jesse Miller - Investor Relations Roger Rawlins - Chief Executive Officer Doug Howe - President of DSW Jared Poff - Executive Vice President & Chief Financial Officer Conference Call Participants Operator Good day and welcome to the Designer Brands Inc. Fourth Quarter 2022 Earnings Call. [Operator Instructions] This event is being recorded. I would now li ...

Business Segments and Operations - Designer Brands Inc. operates in three reportable segments: U.S. Retail, Canada Retail, and Brand Portfolio, with the U.S. Retail segment generating revenue through DSW stores and e-commerce, and the Brand Portfolio segment earning revenue from wholesale and direct-to-consumer sales[13] - The company operates three reportable segments: U.S. Retail, Canada Retail, and Brand Portfolio, with e-commerce platforms supporting omni-channel capabilities[13][16] - The company's e-commerce platforms, including www.dsw.com and www.dsw.ca, offer omni-channel capabilities such as Buy Online Pick Up in Store and Curbside Pickup[16] - The company's inventory management strategy focuses on meeting consumer demand while improving efficiency through enhanced systems and processes[22] - The company sources products from third-party manufacturers in China and Brazil, with inventory shipped directly from factories to the East Coast Logistics Center for distribution[26] - The company sources products from third-party manufacturers in China and Brazil, with strict quality and compliance standards[26][27] - The company's fiscal year 2023 includes an additional week, resulting in a 53-week fiscal year[14] Owned Brands and Growth Strategy - The company aims to double net sales from Owned Brands by 2026, targeting approximately one-third of total net sales from Owned Brands, while maintaining national brand sales[17] - Company aims to double net sales from Owned Brands by 2026, targeting one-third of total net sales from Owned Brands[71] - Owned Brands accounted for 8% of total merchandise purchases in 2022, with a long-term goal to reach approximately one-third of total net sales by 2026[18][17] - The top three national brand vendors contributed 22% of total merchandise purchases in 2022[18] - In 2022, 8% of purchases were from Owned Brands, while the top three national brand vendors accounted for 22% of purchases[18] Loyalty Programs and Customer Engagement - In 2022, 89% of retail segments' net sales were generated from VIP loyalty program members, with 32.1 million members enrolled, up from 28.2 million in 2021[20] - The company's VIP rewards programs drive higher-than-average customer spend, with loyalty members accounting for 89% of retail segments' net sales in 2022[19] - Loyalty programs generated 89% of combined U.S. and Canada Retail segments' net sales in 2022, with over 32 million members enrolled as of January 28, 2023[81] - The company's VIP loyalty program had 32.1 million members at the end of fiscal year 2022, generating 89% of retail segments' net sales[20] - Company relies on customer loyalty programs and marketing to drive traffic, with loyalty members contributing significantly to sales[81] - Company relies on customer loyalty programs and marketing to drive traffic, with loyalty members accounting for 89% of U.S. and Canada Retail net sales in 2022[81] Acquisitions and Investments - Designer Brands acquired a 33.3% ownership interest in Le Tigre for $8.2 million in July 2022, securing exclusive rights to design, source, and sell Le Tigre branded footwear[25] - The company acquired a 79.4% ownership interest in Topo Athletic LLC for $19.1 million on December 13, 2022[29] - The company acquired the Keds business for $123.3 million on February 4, 2023, and will include its results in the Brand Portfolio segment starting Q1 2023[30] - The company acquired a 79.4% ownership interest in Topo in Q4 2022 and the Keds business in Q1 2023[69] - The company holds a 40% interest in ABG-Camuto, which licenses trademarks for footwear and handbags with six years remaining on the initial license term[51] Supply Chain and Manufacturing - The Brand Portfolio segment sourced 76% of its merchandise units from China in 2022, up from 75% in 2021[28] - 76% of the products in the Brand Portfolio segment were sourced from China in 2022[59] - Three key third-party vendors supplied approximately 22% of the company's retail merchandise in 2022, with no single vendor providing more than 10%[63] - The COVID-19 pandemic has caused disruptions in global supply chains, including temporary factory closures and increased freight costs[58] - The company faces risks from international trade, including COVID-19, political instability, shipping cost increases, and transportation delays, which could disrupt operations and increase costs[88] - Reliance on manufacturers outside North America, such as China and Vietnam, exposes the company to risks of intellectual property theft and counterfeit products[89] - Reliance on manufacturers in China, Vietnam, and Brazil exposes the company to risks of intellectual property theft and counterfeit product distribution[89] Financial Performance and Risks - In 2022, the company experienced a decline in gross profit as a percentage of net sales due to inflationary pressures and a promotional retail environment[56] - The company faces risks from macroeconomic conditions, including inflationary pressures, rising interest rates, and potential recession impacts[55] - Net sales in the fall season of 2022 were slightly lower than the spring season due to global economic conditions and unseasonably warm weather[52] - The company's distribution systems are vulnerable to disruptions, which could lead to delays in product delivery and impact operations[64] - The CEO transition in 2023 may create uncertainty and disrupt business operations[66] - The company's CEO transition is planned for April 1, 2023, with potential risks to business continuity and institutional knowledge[66] Technology and Cybersecurity - Company is implementing a new ERP system, which may lead to operational disruptions, data loss, or increased costs[75] - IT systems are critical for operations, and disruptions could impact e-commerce, distribution centers, and merchandising teams[73] - E-commerce operations face risks such as IT infrastructure failures, credit card fraud, and information security breaches[74] - Cybersecurity risks include potential data breaches, ransomware attacks, and unauthorized access to sensitive information[77][78] - Rapid technological changes and the need for mobile-optimized platforms pose challenges, with significant resources required to adapt to evolving devices and operating systems[91][92] - Upgrading technologies and business applications requires substantial investments, and failure to adapt could harm customer growth and financial performance[93] - The company depends on interoperability with mobile operating systems like iOS and Android, and changes in their policies could negatively impact mobile app functionality[94] - Compliance with stringent and evolving privacy laws, such as the CCPA and CPRA, poses risks of fines, penalties, and reputational damage[95][96] - Compliance with stringent privacy laws, such as CCPA and CPRA, could result in fines, penalties, and litigation if violated[95][96] Corporate Social Responsibility and Sustainability - In 2022, the company donated 1.6 million pairs of shoes to Soles4Souls, totaling over 7 million pairs since 2018[43] - The company invested $2.0 million in 2022 to advance DE&I through a partnership with Pensole and JEMS by Pensole, the first Black-owned footwear factory in the U.S.[46] - The company's associates collected and donated over 74,000 meals during the 2022 holiday season to address food insecurity[43] - The company's associates collected and packed over 74,000 meals during the 2022 holiday season to address food insecurity[43] - Corporate social responsibility (CSR) and sustainability initiatives are critical to brand value, with risks including increased costs and regulatory pressures[84] - Climate change-related regulations and extreme weather events could increase costs and disrupt supply chains, impacting business operations[98] - Climate change-related regulations and extreme weather events could impact supply chains, facilities, and consumer buying patterns[98] Workforce and Employee Benefits - As of January 28, 2023, the company employed approximately 14,000 people worldwide, with 12,000 in the U.S.[34] - As of January 28, 2023, 79% of U.S. associates self-identified as female, and 55% self-identified as people of color[45] - Nearly 79% of U.S. associates self-identified as female, and over 55% as people of color as of January 28, 2023[45] - The company provided up to $4,000 per year for medical access travel benefits for associates and dependents in 2022[40] - The company provided up to $4,000 per year for medical access travel benefits for eligible associates in 2022[40] - In 2022, 11,500 associates completed approximately 100,000 learning experiences through the company's online learning platform[41] Competition and Market Risks - Footwear market competition is intense, with competitors influencing pricing, promotions, and marketing strategies[86] - E-commerce competition has increased due to improved user experience, low shipping fees, faster delivery, and favorable return policies, with suppliers launching their own platforms to compete directly[87] - E-commerce competition has intensified due to improved user experience, low shipping fees, faster delivery, and favorable return policies, with suppliers launching their own platforms to compete directly[87] - The company's trademarks and service marks, including DSW and Vince Camuto, are critical to its brand recognition and value[51] - Licensing agreements for key Owned Brands require minimum royalty payments, and failure to meet sales targets could result in additional costs[83] - Licensing agreements for key Owned Brands (e.g., Vince Camuto, Jessica Simpson) require minimum royalty payments, and failure to meet sales targets could result in termination or additional costs[83] International Operations and Trade Risks - International operations in China, Canada, and Brazil are subject to political, economic, and regulatory risks, including currency fluctuations and compliance challenges[90] - International operations in China, Canada, and Brazil are subject to political, economic, and regulatory risks, including currency fluctuations and tax law changes[90] - The company's business is subject to complex trade and customs laws, including tariffs and import restrictions, which could adversely affect operations[50] - The company faces risks from international trade, including COVID-19, political instability, shipping cost increases, and compliance with foreign laws, which could disrupt operations and increase costs[88] Corporate Governance and Shareholder Influence - The Schottenstein Affiliates control approximately 58% of the company's voting power, potentially influencing shareholder decisions and corporate governance[103] - ABL Revolver restricts certain financial activities, including asset sales, acquisitions, and stock repurchases, with a fixed charge coverage ratio covenant[85] - ABL Revolver credit facility has restrictions, including a fixed charge coverage ratio covenant of not less than 1:1 when availability is below $47.3 million or 10% of the maximum credit amount[85]

Designer Brands Inc. (NYSE:DBI) Q3 2022 Earnings Conference Call December 1, 2022 8:30 AM ET Company Participants Roger Rawlins - Chief Executive Officer Jared Poff - Executive Vice President, Chief Financial Officer Doug Howe - President, DSW Jesse Miller - Investor Relations Conference Call Participants Jay Sole - UBS Gabby Carbone - Deutsche Bank Operator Good morning and welcome to the Designer Brands Incorporated third quarter 2022 earnings call. All participants will be in listen-only mode. Should you ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 29, 2022 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 o ...