Designer Brands Q1 adjusted EPS $0.07 beats expectations; gross margin up 240bps

Designer Brands Inc.

Net sales $696.4M (+1.4% YoY); comparable sales -1.1%. Gross margin 45.3% vs 42.9% (up 240bps).
Reported net income $1.2M ($0.02 diluted EPS); adjusted net income $3.8M ($0.07 adjusted diluted EPS).
Brand Portfolio segment delivered double-digit sales growth; Retail segment stabilizing per CEO.
FY2026 guidance reaffirmed: net sales change -1% to +1%, diluted EPS $0.28-$0.38; management expects high end.
Cash $50.1M, debt $475.3M, inventory $586.6M; store count 663 vs 669 last year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Designer Brands Inc. reported first quarter ended May 2, 2026 results: revenue $696.4 million, net income $1.2 million, EPS $0.02.

Period: first quarter ended May 2, 2026
Revenue: $696.4 million
Net income: $1.2 million
EPS: $0.02
Result: reported results

Exact text from the filing

well for long-term profitable growth." First Quarter Operating Results (Unless otherwise stated, all comparisons are to the first quarter of 2025 ) • Net sales increased 1.4% to $696.4 million. • Total comparable sales decreased by 1.1% . • Gross prof it increased to $315.3 million versus $294.5 million last year, and gross margin was 45.3% compared to 42.9% last year.

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Source: SEC EDGAR

accession 0001319947-26-000038

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