Why Designer Brands Stock Soared Today
Designer Brands(US:DBI) The Motley Fool·2025-12-10 00:10The apparel maker's affordable luxury positioning is resonating with value-focused shoppers.Shares of Designer Brands (DBI +48.45%) rocketed 48% higher on Tuesday after the footwear retailer's profits topped investors' expectations. Designer Brands Q3 earnings were up sharply despite a sales shortfallDesigner Brands' net sales declined by 3.2% year over year to $752.4 million in its fiscal third quarter ended Nov. 1. Total comparable sales at stores open at least 14 months dropped 2.4%. However, that was a ...