Designer Brands Q1 net sales down 8.0% to $686.9M; withdraws 2025 guidance

Designer Brands Inc.

2025-Q1 EPS reported -$0.36 revenue$686,909,000

Net loss of $17.4M ($0.36 diluted EPS loss); adjusted net loss $12.5M ($0.26 adjusted diluted EPS).
Total comparable sales fell 7.8%; gross margin contracted to 43.0% from 44.2%.
Withdrawing full-year 2025 guidance citing macro uncertainty and tariff headwinds.
Expects $20M to $30M in cost savings in 2025; maintaining dividend at $0.05/share payable June 18.
Cash $46.0M, debt $522.9M; store count reduced by 6 to 669 year-over-year.

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