Exhibit 99.1 Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results Delivered full year 2023 EPS at the high end of guidance range Fourth quarter performance driven by sequential improvement in comparable sales Issues fiscal 2024 guidance reflecting expectations for return to growth COLUMBUS, Ohio, March 21, 2024 - Designer Brands Inc. (NYSE: DBI) (the "Company" and "Designer Brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, ann ...

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COLUMBUS, Ohio, March 7, 2024 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI), one of the world's largest designers, producers and retailers of footwear and accessories, announced the Company will issue its fourth quarter and full year 2023 earnings on March 21, 2024. Management will host a conference call to discuss the results at 8:30 am E.T. A press release detailing the Company's results will be issued prior to the call. Investors and analysts interested in participating in the call are invited to dial ...

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 ...

Financial Data and Key Metrics Changes - Designer Brands reported a net sales decline of 7.8% year-over-year to $792.2 million, although this marked an improvement from the first quarter [41][31] - Adjusted operating profit was 7.9% of sales, down from 8.2% in the prior year but improved sequentially from 3.5% in Q1 2023 [22] - Adjusted net income was $39.4 million or $0.59 diluted EPS, compared to $46.1 million or $0.62 last year [22][41] - Gross margin increased to 34.5%, up 10 basis points year-over-year and improved 250 basis points sequentially [60] Business Line Data and Key Metrics Changes - Retail comps were down 8.9% year-over-year but showed sequential improvement from Q1 [31][59] - Wholesale net sales increased by approximately 20%, driven by the integration of Keds and Topo Athletic brands [31][59] - Own brands penetration increased by 60 basis points to 25% of total revenue year-to-date [13] Market Data and Key Metrics Changes - Canadian comps were down 7.3%, following a strong post-COVID recovery of over 47% in Q2 2022 [42] - The casual category continues to show strength, while the boot category is anticipated to perform well in the upcoming season [66][67] Company Strategy and Development Direction - The company aims to double sales of its own brands from 2021 to 2026, with a focus on strategic growth through new brand launches and partnerships [31][12] - Recent leadership changes, including the hiring of Laura Denk as President of Designer Shoe Warehouse, are expected to enhance brand positioning and growth [10][29] - The company is committed to returning capital to shareholders, having returned $91.1 million year-to-date through dividends and share repurchases [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic pressures but reaffirmed full-year 2023 guidance, citing sequential improvements from Q1 to Q2 [38][49] - The company is cautiously optimistic about inventory positioning heading into fall, with expectations of reduced promotional activity as inventory normalizes [61][68] - Management highlighted the importance of maintaining flexibility in inventory management to capitalize on opportunistic buys [61] Other Important Information - The company ended Q2 with inventories of $606.8 million, down 13% year-over-year [44] - A term loan was established to support capital allocation priorities, with an initial draw of $50 million [47] - The IRS tax refund of $40 million is pending, which will be used to pay down debt [48] Q&A Session Summary Question: Changes in category performance from Q2 to Q1 and inventory thoughts for the fall season - Management noted improvements in casual categories and expressed cautious optimism for the boot category as the season approaches [66][67] Question: Guidance on promotional activity and inventory levels - Management indicated that while promotional activity remains high, they expect inventory levels to normalize, reducing the need for promotions [68] Question: Insights on quarter-to-date performance and sales growth expectations for Q3 and Q4 - Management reaffirmed guidance, anticipating a material shift in performance as they face easier comps in the latter half of the year [75][76] Question: Potential for increased share repurchases given balance sheet leverage - Management confirmed ongoing share repurchase activity, viewing it as a vote of confidence in their long-term strategy [78]

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 ...

Financial Data and Key Metrics Changes - Designer Brands reported a net sales decline of 10.7% in Q1 2023, totaling $742.1 million, compared to a robust growth of 18.1% in Q1 2022 [4][45] - Adjusted net income for Q1 2023 was $14.3 million, or $0.21 per diluted EPS, down from $36.7 million, or $0.48 per diluted EPS in the prior year [14][45] - The adjusted SG&A ratio increased to 28.9% of sales from 26.8% in Q1 2022, while adjusted operating profit decreased to 3.5% of sales from 6.6% [14][45] Business Line Data and Key Metrics Changes - The casual category showed strength, with women's casual sales up 7% and men's up 4% compared to the prior year [5] - The clearance business in the U.S. saw a 5% increase in comps on a net basis during the quarter [21] - The men's Crown Vintage business grew by 32% in Q1, driven by casuals [41] Market Data and Key Metrics Changes - U.S. retail comps were down 12% for the quarter, while Canada posted a 3% comp increase on top of a 41% gain last year [45] - Total retail comps decreased by 10% compared to a strong 15% comp in Q1 2022 [45] - Inventory levels decreased to $637.4 million from $672.5 million year-over-year, with a 4% reduction in retail square footage [46] Company Strategy and Development Direction - The company is focusing on increasing its own brands' penetration to 27% of net sales and aims to double sales of its own brands from 2021 to 2026 [6][22] - Designer Brands is working on becoming the exclusive licensee of the Hush Puppies brand in the U.S. and Canada, which is expected to enhance its comfort and casual categories [8] - The company plans to elevate its partnership with Nike, aiming to provide a premium assortment across men, women, and kids [42] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging macroeconomic environment affecting consumer spending, leading to a lower sales and earnings guidance for 2023 [11][15] - The company expects a recovery in consumer discretionary spending may be delayed, but remains optimistic about long-term growth [15][27] - Management noted that the first quarter was more challenging than anticipated, particularly in the seasonal product category [13][20] Other Important Information - The company is integrating recent acquisitions, including Keds, Le Tigre, and Topo Athletic, which are expected to contribute to growth [6][16][24] - The company is planning a Dutch auction tender offer to repurchase up to $100 million in Class A common stock [33][49] - The effective tax rate on adjusted results was 25.7%, down from 29.3% last year [14] Q&A Session Summary Question: Can you elaborate on the elevation of the partnership with Nike? - Management expressed excitement about the changes in the product portfolio and the ongoing dialogue with Nike, aiming to bring back offerings across men's, women's, and kids' categories in Q4 [51][52] Question: What has not materialized in the anticipated trajectory change for Q2? - Management noted that the promotional environment is broadly spread across categories, with strength in casuals but not enough to offset declines in dress and seasonal products [37] Question: What categories are seeing the most increase in promotions? - Management indicated that the increase in promotions is fairly equal across categories, with a focus on managing through the discretionary spending pressures [37]

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 ...

Financial Data and Key Metrics Changes - For the full year, sales increased by 3.7% to $3.3 billion compared to 2021, while fourth-quarter sales decreased by 7.5% to $760.5 million due to a pressured consumer environment [22][24] - Adjusted EPS for the full year was $1.85, landing at the top of the guidance provided at the start of the year, while fourth-quarter adjusted net income was $4.7 million or $0.07 of diluted EPS compared to $0.15 last year [47][50] - Gross margin for the full year was 32.6%, a decrease of 80 basis points from the prior year, but still structurally more robust than pre-pandemic levels [49][50] Business Line Data and Key Metrics Changes - Clearance sales at DSW were up 2%, while regular price selling was down 10%, indicating a shift in consumer behavior towards value [13] - The company's own brands grew by 32% for the year, with direct-to-consumer (DTC) sales up 35% [22][45] - The external wholesale business was down 9% during the fourth quarter, but up 24% for the year [23] Market Data and Key Metrics Changes - U.S. retail comps for the fourth quarter were down 8.1%, driven by a constrained consumer, while Canada posted comps of 15.9% for the quarter [48][23] - The company experienced strong online growth, with vincecamuto.com comps up 34.5% and tenkmuto.com comps up 44.4% for the quarter [22][23] Company Strategy and Development Direction - The company aims to increase its penetration of owned brands to nearly one-third of total sales by 2026, with current penetration at 24% [18][45] - Recent acquisitions, including Keds and Topo Athletic, support the strategy to become a leading brand builder and expand the product portfolio [14][41] - The company is focusing on maintaining strong partnerships with national brands while aggressively growing its own brands [40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing pressure from inflation and a looming recession, leading to cautious consumer spending [13][19] - The company expects a modest return to growth in Q4 2023, with sales anticipated to be down in the mid-single digits for the first half of the year [26][51] - Management remains optimistic about the long-term growth potential, anticipating a recovery in the second half of the year [46][51] Other Important Information - The company ended the quarter with $58.8 million in cash and total liquidity of $302.7 million [25] - The anticipated future expansion with Hush Puppies will allow the company to operate in the comfort footwear space, a significant growth area [15] Q&A Session Summary Question: What are the expectations for sales and earnings in 2023? - The company is planning for sales and earnings to be down for the year due to continued consumer pressure, but believes these trends are temporary [19][29] Question: How is the company managing inventory levels? - The company has managed its inventory position better than most peers, ending the fourth quarter with inventories of $605.7 million, a notable improvement from earlier in the year [50][46] Question: What impact do the recent acquisitions have on profitability? - The company anticipates no material impact to profitability from recent acquisitions in the current year due to integration costs, with expectations for profitability in 2024 [28][54]