{"schema_version":"secwatch.filing_event.v1","accession":"0001319947-23-000041","form_type":"8-K","ticker":"DBI","cik":"0001319947","company_name":"Designer Brands Inc.","filed_at":"2023-09-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.555665+00:00","generated_at":"2026-06-10T22:36:26.353195+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Designer Brands Q2 net sales down 7.8% to $792.2M; adjusted EPS $0.59; reaffirms FY guidance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001319947-23-000041","json":"https://secwatch.observer/filing/0001319947-23-000041.json","markdown":"https://secwatch.observer/filing/0001319947-23-000041.md","text":"https://secwatch.observer/filing/0001319947-23-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000041/0001319947-23-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000041/dbi-20230907.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:36:26.353195+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":"b05dc6b29ebcce714f30ab2c3503d2e7203a3d3f","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000041/0001319947-23-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended July 29, 2023"},{"label":"Revenue","value":"$792.2 million"},{"label":"Net income","value":"$37.2 million"},{"label":"EPS","value":"$0.56"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}