---
schema_version: "secwatch.filing_event.v1"
accession: "0001319947-24-000033"
form_type: "8-K"
ticker: "DBI"
cik: "0001319947"
company_name: "Designer Brands Inc."
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:28:36.257771+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Designer Brands Q1 in line: net sales $746.6M, adj. EPS $0.08, reaffirms FY outlook

## Summary
- Net sales $746.6M (+0.6% YoY); total comparable sales -2.5%; gross margin 32.8% (+80bps).
- Reported net income $0.8M / diluted EPS $0.01; adjusted net income $4.8M / adjusted diluted EPS $0.08.
- Reaffirmed FY2024 guidance: net sales growth low-single digits; adjusted diluted EPS $0.70-$0.80.
- Quarterly dividend declared $0.05 per share, payable June 18, 2024 to holders of record June 5.
- Ended quarter with $43.4M cash, $476.1M debt; $187.8M available under revolver.

## SEC filing metadata
- accession: 0001319947-24-000033
- form_type: 8-K
- ticker: DBI
- cik: 0001319947
- company_name: Designer Brands Inc.
- filed_at: 2024-06-04T23:59:59+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/1319947/000131994724000033/0001319947-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319947/000131994724000033/dbi-20240604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001319947-24-000033
- JSON: https://secwatch.observer/filing/0001319947-24-000033.json
- Plain text: https://secwatch.observer/filing/0001319947-24-000033.txt

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