earnings
confidence high
sentiment neutral
materiality 0.70
Designer Brands Q4 adj. EPS $0.07, sales down 7.5%; guides FY2023 EPS $1.65-1.75 ex-Keds
Designer Brands Inc.
2022-FY EPS reported
$2.26
revenue$3,315,428,000
- Q4 net sales $760.5M (-7.5% YoY); comp sales -5.5%; adjusted diluted EPS $0.07.
- FY2022 net sales $3.3B (+3.7%); adjusted EPS $1.85; Owned Brands sales +32.1%.
- FY2023 guidance: net sales ex-Keds down mid-single digits; diluted EPS $1.65-1.75.
- Board approved $0.05/share quarterly dividend, payable April 14, 2023.
- CEO transition: President Doug Howe named incoming CEO; repurchased 10.7M shares in FY2022.