Designer Brands Q2 adjusted EPS $0.34, raises FY26 EPS guidance to $0.47-$0.52

Designer Brands Inc.

Net sales $730.6M, down 1.2% YoY; comparable sales -2.4%.
Adjusted gross margin 47.9% vs 43.6% YoY; reported net income $17.6M ($0.31 diluted EPS).
Total debt reduced $93.0M to $423.1M; cash $51.6M, revolver availability $146.2M.
FY26 guidance raised: net sales flat to +1%, adjusted EPS $0.47-$0.52 (prior $0.28-$0.38).
Quarterly dividend $0.05/share payable Oct 7, 2026 to holders of record Sep 24, 2026.

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