DBI Stock Recent News

Sales ticked up compared to the previous quarter. Gross margin also moved higher.

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.

Designer Brands' shares surged in early Thursday trading after the footwear and accessories retailer posted second-quarter sales and earnings that beat expectations. The owner of Designer Shoe Warehouse reported net sales of $792.2 million for the quarter ended July 29, 2023, down 7.8% from a year earlier but ahead of analysts' consensus of $785.7 million.

Designer Brands (DBI) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.62 per share a year ago.

Shares of Designer Brands Inc. DBI rallied 3.6% in premarket trading, after the parent of the DSW shoe retailer reported fiscal second-quarter profit that beat expectations and affirmed its full-year outlook. Net income for the quarter to July 29 fell to $37.2 million, or 56 cents a share, from $46.2 million, or 62 cents a share, in the year-ago period.

Designer Brands' (DBI) second-quarter fiscal 2023 results are expected to reflect the impacts of a tough operating backdrop, including inflationary pressures.

COLUMBUS, Ohio , Aug. 17, 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 second quarter 2023 earnings on September 7, 2023. Management will host a conference call to discuss the results at 8:30 am E.T.

Investors need to pay close attention to Designer Brands (DBI) stock based on the movements in the options market lately.

The DSW parent missed on the top and bottom lines. The company offered to buy back $100 million in stock, giving a boost to earnings per share.

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.