{"schema_version":"secwatch.filing_event.v1","accession":"0001319947-23-000049","form_type":"8-K","ticker":"DBI","cik":"0001319947","company_name":"Designer Brands Inc.","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.595139+00:00","generated_at":"2026-06-07T17:45:37.568726+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Designer Brands Q3 net sales down 9.1%, EPS miss; FY guidance slashed","bullets":["Net sales $786.3M (-9.1% YoY); total comparable sales -9.3%; gross margin 32.6% vs 33.0%.","Reported diluted EPS $0.17; adjusted diluted EPS $0.24; net income $10.1M.","Full-year 2023 diluted EPS guidance (ex-Keds) cut to $0.40-$0.70 from $1.20-$1.50; net sales growth lowered to high-single digits decline.","Inventory down 12% to $601.5M; cash $54.6M, debt $375.5M; repurchased 7.6M shares for $79.7M.","CEO Howe cites contracted footwear market and unseasonably warm weather; leadership changes underway."],"urls":{"canonical":"https://secwatch.observer/filing/0001319947-23-000049","json":"https://secwatch.observer/filing/0001319947-23-000049.json","markdown":"https://secwatch.observer/filing/0001319947-23-000049.md","text":"https://secwatch.observer/filing/0001319947-23-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000049/0001319947-23-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000049/dbi-20231205.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T17:45:37.568726+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":"d31e0efb643617ec64264b2f5cafd9cc5c1df95a","claim":"Designer Brands Inc. reported the quarter ended October 28, 2023 results: revenue $786.3 million, net income $10.1 million, EPS $0.17. Guidance reaffirmed.","evidence_excerpt":"strong cash flow and ample liquidity.\" Third Quarter Operating Results (Unless otherwise stated, all comparisons are to the third quarter of 2022) • Net sales decreased 9.1% to $786.3 million. • Total comparable sales decreased by 9.3% . • Gross profit decreased to $256.4 million versus $285.8 million last year, and gross margin was 32.6% compared to 33.0% for the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319947/000131994723000049/0001319947-23-000049-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended October 28, 2023"},{"label":"Revenue","value":"$786.3 million"},{"label":"Net income","value":"$10.1 million"},{"label":"EPS","value":"$0.17"},{"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"}