earnings
confidence high
sentiment negative
materiality 0.85
Designer Brands Q3 sales -1.2%, adjusted EPS $0.27; FY guidance slashed to $0.10-0.30
Designer Brands Inc.
2024-Q3 EPS reported
$0.48
revenue$2,295,690,000
- Net sales $777.2M (-1.2% YoY); comparable sales -3.1%; gross margin 31.8% vs 32.6%.
- Reported net income $13.0M ($0.24 diluted EPS); adjusted net income $14.5M ($0.27 adjusted EPS).
- Updated FY2024: net sales down low-single digits (prev flat-low); adjusted EPS $0.10-0.30 (prev $0.50-0.60).
- Cash $36.2M, debt $536.3M; repurchased 7.7M shares for $50.6M; quarterly dividend $0.05/share.
- Stores: 496 US, 179 Canada; closed 3 US stores, opened 2 Canada.