Designer Brands Inc. (NYSE:DBI) Q1 2022 Earnings Conference Call June 2, 2022 8:30 AM ET Company Participants Jessica Miller - IR Roger Rawlins - CEO Jared Poff - CFO Conference Call Participants Gabriella Carbone - Deutsche Bank Jay Sole - UBS Dylan Carden - William Blair Operator Good day, and welcome to the Designer Brands Incorporated First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note, today's event is being recorded. I'd now like to turn the conference over to Jesse Miller ...

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 April 30, 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 of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended January 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 of incorp ...

Designer Brands Inc. (NYSE:DBI) Q4 2021 Earnings Conference Call March 17, 2022 8:30 AM ET Company Participants Stacy Turnof - Investor Relations, Edelman Roger Rawlins - Chief Executive Officer, Designer Brands and Interim President, DSW Jared Poff - Executive Vice President and Chief Financial Officer Conference Call Participants Steven Marotta - C.L. King & Associates Gabriella Carbone - Deutsche Bank Dylan Carden - William Blair Jay Sole - UBS Operator Good morning, everyone, and welcome to the Designer ...

Designer Brands Inc. (NYSE:DBI) Q3 2021 Earnings Conference Call December 7, 2021 8:30 AM ET Company Participants Stacy Turnof - Investor Relations, Edelman Roger Rawlins - Chief Executive Officer Jared Poff - Chief Financial Officer Conference Call Participants Steve Marotta - C.L. King & Associates Gaby Carbone - Deutsche Bank Dana Telsey - Telsey Advisory Group Jay Sole - UBS Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within ...

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 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32545 DESIGNER BRANDS INC. (Exact name of registrant as specified in its charter) Ohio 31-0746639 (State or other jurisdiction ...

Financial Data and Key Metrics Changes - Total sales increased by 66.9% to $817.3 million compared to 2020, with total comparable sales up 84.9% in Q2 [41] - Consolidated gross profit increased by $247.6 million to $284.7 million in Q2 versus $37 million in the prior year, with gross margin improving to 34.8% [54] - Adjusted operating profit for Designer Brands was $69 million in Q2 versus $50.9 million in Q2 2019 [60] Business Line Data and Key Metrics Changes - U.S. retail comparable sales were up 94.3% during Q2 versus the prior-year period, driven by improving store traffic [42] - Athletic comparable sales were up 90% compared to Q2 2020, with athleisure sales comps up 107% [44] - Sales of Camuto-produced brands were up 88% on inventory down 13%, indicating strong performance in this segment [25][79] Market Data and Key Metrics Changes - Canadian operations saw total comparable sales up 14.6% in Q2, with store traffic improving from down 66% in the first five weeks to down 29% in the last eight weeks [48] - Digital sales in Canada were up 146%, reflecting a strong shift towards online shopping [21] Company Strategy and Development Direction - The company is focusing on three strategic pillars: customer, brand, and speed, aiming to enhance customer experience and control brand destiny [23][30] - The partnership with Hush Puppies as an exclusive in-store distributor is expected to enhance brand awareness and customer loyalty [15][113] - The company is working on optimizing its fulfillment capabilities and reducing delivery times from 5-7 days to 2-3 days [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued improvement in business as vaccination rates increase, despite challenges from COVID-19 variants and supply chain issues [40][35] - The company is prepared for potential volatility in sales due to variant outbreaks and global supply chain pressures, but expects to meet or exceed pre-COVID profitability performance [64] Other Important Information - The company ended the quarter with $410.5 million in liquidity, significantly up from $208.7 million last year [63] - Inventory levels were $504 million, up from $445 million last year, but down in units by 16% compared to 2019 [57] Q&A Session Summary Question: Can you go over the inventory position again? - The inventory is up in dollars but down slightly in units, with a focus on athletic products to mitigate potential delays [67][68] Question: Can you tease out the gross margin improvement in Q2? - The improvement was primarily due to full-price selling and reduced promotions, with some deleveraging on shipping costs [74][75] Question: How should we think about increased freight expenses? - Increased freight costs are projected to be roughly $5 to $6 million in the first half, with expectations for the second half to be more than double that [81] Question: Any updates on store closures? - The initial projections for store closures are being reassessed due to better-than-expected store performance [84][88] Question: How is the back-to-school season performing? - The back-to-school season is showing strong sales, particularly in kids' footwear, with expectations for continued growth [101][104]

Financial Performance - Operating profit in Q2 fiscal 2021 increased by 49% compared to Q2 2019, surpassing pre-COVID-19 levels [83]. - Net sales rose to $817.3 million in Q2 fiscal 2021, a 66.9% increase from $489.7 million in Q2 fiscal 2020, driven by an 84.9% increase in comparable sales [89]. - Gross profit as a percentage of net sales improved to 34.8% in Q2 fiscal 2021, compared to 7.6% in the same period last year [89]. - Net income for Q2 fiscal 2021 was $42.9 million, or $0.55 per diluted share, a significant recovery from a net loss of $98.2 million, or $1.36 per diluted share, in Q2 fiscal 2020 [90]. - Consolidated net sales for the six months ended July 31, 2021, were $1,520,490, a 56.3% increase from $972,497 for the same period last year [108]. - U.S. Retail segment net sales increased by 74.3% to $1,343,751 compared to $771,050 in the prior year [108]. - Net income for the three months ended July 31, 2021, was $59,886, compared to a net loss of $314,072 for the same period last year [106]. - Gross profit for the six months ended July 31, 2021, was $500.8 million, representing 32.9% of segment net sales, an increase from $490.2 million (31.8%) in the same period last year [111]. Sales and Comparable Performance - Comparable sales for the U.S. Retail segment increased by 94.3% in Q2 fiscal 2021, compared to a decline of 44.9% in Q2 fiscal 2020 [91]. - The Brand Portfolio segment saw a 10.6% increase in comparable sales, recovering from a 120.5% increase in the previous year [91]. - Comparable sales for the U.S. Retail segment increased by 74.5% during the six months ended July 31, 2021 [108]. Operating Expenses and Profitability - Operating expenses for the three months ended July 31, 2021, increased by $56.0 million, but as a percentage of sales improved to 27.5% from 34.4% in the same period last year [102]. - Operating expenses increased by $69.6 million year-over-year, but as a percentage of sales improved to 28.0% from 36.6% in the same period last year [112]. - The Brand Portfolio segment reported a gross profit of $8,533, which is 16.9% of segment net sales, compared to a loss of $11,440 (37.6%) in the prior year [99]. Inventory and Fulfillment - The company maintained tight inventory positions, resulting in less promotional activity during the second quarter of fiscal 2021 [101]. - The company plans to improve fulfillment times for digital orders from 5-7 business days to 2-3 calendar days [84]. Tax and Impairment - The effective tax rate decreased from 29.3% for the three months ended August 1, 2020, to 19.3% for the three months ended July 31, 2021 [104]. - The effective tax rate decreased to 3.6% for the six months ended July 31, 2021, down from 32.5% in the same period last year [115]. - Impairment charges for the three months ended July 31, 2021, were $1.2 million, down from $6.7 million in the same period last year [103]. - The company recorded an impairment charge of $1.2 million for abandoned equipment during the six months ended July 31, 2021 [114]. Liquidity and Financial Position - Net cash provided by operations for the six months ended July 31, 2021, was $96.2 million, a significant recovery from a net cash used of $79.6 million in the same period last year [118]. - Capital expenditures for the six months ended July 31, 2021, totaled $13.2 million, with an expected total spend of $35.0 million to $45.0 million for fiscal 2021 [128]. - The ABL Revolver had a borrowing base of $386.1 million as of July 31, 2021, with $16.8 million outstanding, leaving $364.0 million available for borrowings [122]. - The company expects to maintain sufficient liquidity to support operations and withstand business volatility, including the impact of COVID-19 [117]. - The company was in compliance with all financial covenants as of July 31, 2021 [126]. Market Risks - The company has market risk exposure related to interest rates and foreign currency exchange rates [130]. - There have been no material changes in primary risk exposures or management of market risks from those disclosed in the 2020 Form 10-K [130]. COVID-19 Impact - The company continues to face uncertainties related to COVID-19, including potential impacts on operations and consumer behavior [87].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 1, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32545 DESIGNER BRANDS INC. (Exact name of registrant as specified in its charter) Ohio 31-0746639 (State or other jurisdiction of i ...

Designer Brands Inc. (NYSE:DBI) Q1 2021 Earnings Conference Call May 26, 2021 4:30 PM ET Company Participants Stacy Turnof - Investor Relations, Edelman Roger Rawlins - Chief Executive Officer Jared Poff - Chief Financial Officer Conference Call Participants Steve Marotta - C.L. King & Associates Gaby Carbone - Deutsche Bank Mauricio Serna - UBS Dylan Carden - William Blair Operator Good day and welcome to the Designer Brands Inc. 1Q 2021 Earnings Call. All participants will be listen-only mode. [Operator I ...