earnings
confidence high
sentiment negative
materiality 0.70
Designer Brands Q2 net sales down 2.6%; adjusted EPS $0.29; cuts FY guidance
Designer Brands Inc.
2024-Q2 EPS reported
$0.25
revenue$1,518,496,000
- Net sales down 2.6% to $771.9M; comparable sales -1.4%.
- Gross margin 32.8% vs 34.5% last year, gross profit $252.9M.
- Reported net income $13.8M ($0.24 EPS); adjusted EPS $0.29.
- FY24 guidance cut: net sales flat to low-single digits; adjusted EPS $0.50-0.60.
- Repurchased 2.7M shares for $18M; $69.7M remaining in buyback.