{"schema_version":"secwatch.filing_event.v1","accession":"0001319947-23-000030","form_type":"8-K","ticker":"DBI","cik":"0001319947","company_name":"Designer Brands Inc.","filed_at":"2023-06-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.368247+00:00","generated_at":"2026-06-14T04:46:02.094439+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Designer Brands Q1 net sales $742.1M (-10.7% YoY); cuts FY EPS guidance to $1.20-$1.50","bullets":["Net sales $742.1M, down 10.7% YoY; comparable sales down 10.4%; gross margin 32.0% vs 33.2%.","Reported diluted EPS $0.17; adjusted diluted EPS $0.21.","Owned brand penetration rose to 26.7%; acquisitions of Keds, Le Tigre, Topo Athletic noted.","FY2023 guidance cut: net sales growth (ex-Keds) from down mid-single to down mid/high-single digits; EPS $1.20-$1.50 from $1.65-$1.75.","Announces $100M modified Dutch tender offer for share buyback, funded by $135M new term loan."],"urls":{"canonical":"https://secwatch.observer/filing/0001319947-23-000030","json":"https://secwatch.observer/filing/0001319947-23-000030.json","markdown":"https://secwatch.observer/filing/0001319947-23-000030.md","text":"https://secwatch.observer/filing/0001319947-23-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000030/0001319947-23-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000030/dbi-20230608.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T04:46:02.094439+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"452db131cb856895961200220267e23de949c7e9","claim":"Designer Brands Inc. reported three months ended April 29, 2023 results: revenue $742.1 million, net income $11.4 million, EPS $0.17. Guidance reaffirmed.","evidence_excerpt":"seeking a wide range of styles.\" First Quarter Operating Results (Unless otherwise stated, all comparisons are to the first quarter of 2022) • Net sales decreased 10.7% to $742.1 million. • Comparable sales decreased by 10.4% . • Gross profit decreased to $237.7 million versus $275.7 million last year, and gross margin was 32.0% compared to 33.2% for the same","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000030/0001319947-23-000030-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended April 29, 2023"},{"label":"Revenue","value":"$742.1 million"},{"label":"Net income","value":"$11.4 million"},{"label":"EPS","value":"$0.17"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e791152459231dcb447f8f5bc68f739711c1eca9","claim":"Designer Brands Inc. updated its full year 2023 guidance (lowered).","evidence_excerpt":"The Company is updating the following guidance for the full year 2023:","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000030/0001319947-23-000030-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}