---
schema_version: "secwatch.filing_event.v1"
accession: "0001319947-24-000052"
form_type: "8-K"
ticker: "DBI"
cik: "0001319947"
company_name: "Designer Brands Inc."
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:05:02.368283+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Designer Brands Q3 sales -1.2%, adjusted EPS $0.27; FY guidance slashed to $0.10-0.30

## Summary
- 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.

## SEC filing metadata
- accession: 0001319947-24-000052
- form_type: 8-K
- ticker: DBI
- cik: 0001319947
- company_name: Designer Brands Inc.
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319947/000131994724000052/0001319947-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319947/000131994724000052/dbi-20241210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001319947-24-000052
- JSON: https://secwatch.observer/filing/0001319947-24-000052.json
- Plain text: https://secwatch.observer/filing/0001319947-24-000052.txt

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