---
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"
generated_at: "2026-06-10T22:36:26.353195+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001319947-23-000041
- JSON: https://secwatch.observer/filing/0001319947-23-000041.json
- Plain text: https://secwatch.observer/filing/0001319947-23-000041.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1319947/000131994723000041/0001319947-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.