Designer Brands Q2 net sales down 7.8% to $792.2M; adjusted EPS $0.59; reaffirms FY guidance

Designer Brands Inc.

2023-Q2 EPS reported $0.73 revenue$1,534,299,000

Net sales $792.2M, down 7.8% YoY; total comparable sales down 8.9%.
Reported diluted EPS $0.56 (incl. $0.03 in charges); adjusted diluted EPS $0.59.
Gross margin improved 10 bps to 34.5%; operating income $47.7M.
Repurchased 2.1M shares in Q2; additional $58.3M repurchased through Sep 5.
Reaffirmed FY2023 outlook: net sales down mid- to high-single digits (ex-Keds); EPS $1.20-$1.50.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Designer Brands Inc. reported the second quarter ended July 29, 2023 results: revenue $792.2 million, net income $37.2 million, EPS $0.56. Guidance reaffirmed.

Period: the second quarter ended July 29, 2023
Revenue: $792.2 million
Net income: $37.2 million
EPS: $0.56
Guidance: reaffirmed
Result: reported results

Exact text from the filing

our unparalleled assortment." Second Quarter Operating Results (Unless otherwise stated, all comparisons are to the second quarter of 2022) • Net sales decreased 7.8% to $792.2 million. • Total comparable sales decreased by 8.9% . • Gross profit decreased to $273.4 million versus $295.7 million last year, and gross margin was 34.5% compared to 34.4% for the

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Source: SEC EDGAR

accession 0001319947-23-000041

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