DBI Stock Recent News

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.

Designer Brands (DBI) faces challenges due to a shrinking footwear market and unusually warm weather, leading to decreased customer demand in Q3. Nonetheless, it is targeting long-term success.

The current state of the consumer, a concern that has been regularly reflected during the past quarter at PYMNTS, is very real for DSW's parent company Designer Brands. Consumers are looking for the best value, and more often than not it can be found in the clearance aisle.

Designer Brands Inc shares sank 31% to $8.80 in early Tuesday trading after the footwear and accessories discount retailer reported third quarter 2023 financial results that fell short of analyst expectations on most metrics.  Designer Brands generated adjusted earnings per share (EPS) for the period of $0.24 on revenue that fell 9.1% year over year to $786.3 million.

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 in a listen-only mode.

Designer Brands Inc.'s stock DBI, +2.89% slid 22% premarket Tuesday, after the parent to footwear brands, including Keds, Lucky Brand and Vince Camuto, posted weaker-than-expected third-quarter earnings and cut its guidance. Columbus, Ohio-based Designer Brands said it was hurt by a footwear market that contracted for the first time since the pandemic amid unseasonably warm weather.

Designer Brands' (DBI) third-quarter fiscal 2023 results are expected to reflect the impacts of a challenging operating backdrop, including inflationary pressures. Its flexible business model is likely to have enabled it to navigate a tough macroeconomic landscape.

COLUMBUS, Ohio , Nov. 21, 2023 /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 third quarter 2023 earnings on December 5, 2023. Management will host a conference call to discuss the results at 8:30 am E.T.

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Designer Brands' (DBI) Q2 results reflect reduced turnover across U.S. retail and Canada retail segments. However, the portfolio of Owned Brands and National Brand partners remains strong.