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    Designer Brands Inc. Reports First Quarter 2024 Financial Results

    6/4/24 6:45:00 AM ET
    $DBI
    Clothing/Shoe/Accessory Stores
    Consumer Discretionary
    Get the next $DBI alert in real time by email

    Consolidated gross profit margin rose 80 basis points over the same period last year, driven by the Brand Portfolio Segment

    Net sales growth in performance and leisure footwear in the U.S. Retail segment outpaced the balance of the footwear market

    Company reaffirms full year 2024 guidance

    COLUMBUS, Ohio, June 4, 2024 /PRNewswire/ -- Designer Brands Inc. (NYSE:DBI) (the "Company," "we," "us," "our," and "Designer Brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, today announced financial results for the three months ended May 4, 2024.

    (PRNewsfoto/Designer Brands Inc.)

    "This quarter, we were pleased to deliver results in line with our expectations for this quarter, as we gain traction on our path to returning Designer Brands to growth," stated Doug Howe, Chief Executive Officer. "I am proud of the way our teams are embracing the strategic initiatives that we are implementing across the business as we work to transform into a more efficient and synergistic organization. According to Circana, we outperformed the overall market dollar sales in the performance, leisure, and kids categories, which we believe is a testament to the strength of our new strategy."

    Howe continued, "Moving forward, we will continue to prioritize our strategic commitments to revitalize our assortment, elevate marketing, and enhance the in-store and digital experience, while exploring areas to further rationalize our cost base appropriately, streamline our operations, and drive greater efficiencies. We believe that we are on solid footing as we enter the summer months and are pleased to reaffirm our guidance for 2024."

    First Quarter Operating Results (Unless otherwise stated, all comparisons are to the first quarter of 2023)

    • Net sales increased 0.6% to $746.6 million.
    • Total comparable sales decreased by 2.5%.
    • Gross profit increased to $245.1 million versus $237.7 million last year, and gross margin was 32.8% compared to 32.0% for the same period last year.
    • Reported net income attributable to Designer Brands Inc. was $0.8 million, or diluted earnings per share ("EPS") of $0.01, including net after-tax charges of $0.07 per diluted share from adjusted items, primarily related to restructuring and integration costs.
    • Adjusted net income was $4.8 million, or adjusted diluted EPS of $0.08.

    Liquidity

    • Cash and cash equivalents totaled $43.4 million at the end of the first quarter of 2024, compared to $50.6 million at the end of the same period last year, with $187.8 million available for borrowings under our senior secured asset-based revolving credit facility, as amended. Debt totaled $476.1 million at the end of the first quarter of 2024 compared to $390.3 million at the end of the same period last year.
    • The Company ended the first quarter with inventories of $620.5 million compared to $637.4 million at the end of the same period last year.

    Dividend

    On May 15, 2024, the Company's Board of Directors declared a quarterly cash dividend of $0.05 per share of Class A and Class B common shares. The dividend will be paid on June 18, 2024 to shareholders of record at the close of business on June 5, 2024.

    Store Openings and Closings

    During the first quarter of 2024, in the United States ("U.S.") we opened one store and in Canada we acquired 28 Rubino stores, opened five stores, and closed one store, resulting in a total of 500 stores in the U.S. and 175 stores in Canada as of May 4, 2024.

    Reaffirming 2024 Financial Outlook

    The Company is reaffirming the following guidance for the full year 2024:

    Metric



    Guidance

    Designer Brands Net Sales Growth



    Low-single digits

    Adjusted Diluted EPS



    $0.70 - $0.80

    Forward-looking adjusted diluted EPS for 2024 excludes potential charges or gains that may be recorded during the fiscal year, including among other things: (1) restructuring and integration costs, including severance charges; (2) acquisition-related costs; (3) impairment charges; (4) foreign currency transaction losses; (5) the net tax impact of such items; (6) the change in the valuation allowance on deferred tax assets; and (7) net income (loss) attributable to redeemable noncontrolling interest. A reconciliation of forward-looking non-GAAP earnings guidance to the comparable GAAP measure is not provided, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K, because the impact and timing of these potential charges or gains is inherently uncertain and difficult to predict and is unavailable without unreasonable efforts. In addition, the Company believes that such reconciliations would imply a degree of precision and certainty that could be confusing to investors. Such items are uncertain and could have a substantial impact on GAAP measures of our financial performance.

    Webcast and Conference Call

    The Company is hosting a conference call today at 8:30 am Eastern Time. Investors and analysts interested in participating in the call are invited to dial 1-888-317-6003, or the international dial-in, 1-412-317-6061, and reference conference ID number 8115299 approximately ten minutes prior to the start of the conference call. The conference call will also be broadcast live over the internet and can be accessed through the following link, as well as through the Company's investor website at investors.designerbrands.com:

    https://app.webinar.net/PDZrA5vkbE0

    For those unable to listen to the live webcast, an archived version will be available on the Company's investor website until June 11, 2024. A replay of the teleconference will be available by dialing the following numbers:

    U.S.: 1-877-344-7529

    Canada: 1-855-669-9658

    International: 1-412-317-0088

    Passcode: 9545499

    Important information may be disseminated initially or exclusively via the Company's investor website; investors should consult the website to access this information.

    About Designer Brands

    Designer Brands is one of the world's largest designers, producers, and retailers of the most recognizable footwear brands and accessories, transforming and defining the footwear industry through a mission of inspiring self-expression. With a diversified, world-class portfolio of coveted brands, including Crown Vintage, Hush Puppies, Jessica Simpson, Keds, Kelly & Katie, Le TIGRE, Lucky Brand, Mix No. 6, Topo, Vince Camuto and others, Designer Brands designs and produces on-trend footwear and accessories for all of life's occasions, delivered to the consumer through a robust direct-to-consumer omni-channel infrastructure and powerful national wholesale distribution. Powered by a billion-dollar digital commerce business across multiple domains and 675 DSW Designer Shoe Warehouse, The Shoe Company, and Rubino stores in North America, Designer Brands delivers current, in-line footwear and accessories from the largest national brands in the industry and holds leading market share positions in key product categories across Women's, Men's, and Kids'. Designer Brands also distributes its brands internationally through select wholesale and distributor relationships, while also leveraging design and sourcing expertise to build private label product for national retailers. Designer Brands is committed to being a difference maker in the world, taking steps forward to advance diversity, equity, and inclusion in the footwear industry and supporting a global community and the health of the planet by donating more than nine million pairs of shoes to the global non-profit Soles4Souls since 2018. To learn more, visit www.designerbrands.com.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

    Certain statements in this press release may constitute forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of forward-looking words such as "outlook," "could," "believes," "expects," "potential," "continues," "may," "will," "should," "would," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of those words or other comparable words. These statements are based on the Company's current views and expectations and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These factors include, but are not limited to: uncertain general economic and financial conditions, including concerns of a potential recession in the U.S., fluctuating interest rates, inflationary pressures, and the related impacts to consumer discretionary spending, as well as our ability to plan for and respond to the impact of these conditions; our ability to anticipate and respond to rapidly changing consumer preferences, seasonality, customer expectations, and fashion trends; the impact on our consumer traffic and demand, our business operations, and the operations of our suppliers, as we experience unseasonable weather, climate change evolves, and the frequency and severity of weather events increase; our ability to execute on our business strategies, including integrating and growing our Brand Portfolio segment, enhancing in-store and digital shopping experiences, and meeting consumer demands; whether we will be able to successfully and efficiently integrate our recent acquisitions in a manner that does not impede growth; our ability to maintain strong relationships with our vendors, manufacturers, licensors, and retailer customers; risks related to losses or disruptions associated with our distribution systems, including our distribution centers and stores, whether as a result of reliance on third-party providers or otherwise; risks related to cyber security threats and privacy or data security breaches or the potential loss or disruption of our information technology ("IT") systems; risks related to the implementation of new or updated IT systems; our ability to protect our reputation and to maintain the brands we license; our reliance on our loyalty programs and marketing to drive traffic, sales, and customer loyalty; our ability to successfully integrate new hires or changes in leadership and retain our existing management team, and to continue to attract qualified new personnel; risks related to restrictions imposed by our senior secured asset-based revolving credit facility, as amended, and our senior secured term loan credit agreement, as amended, that could limit our ability to fund our operations; our competitiveness with respect to style, price, brand availability, shopping platforms, and customer service; risks related to our international operations and our reliance on foreign sources for merchandise; our ability to comply with privacy laws and regulations, as well as other legal obligations; risks associated with climate change and other corporate responsibility issues; and uncertainties related to future legislation, regulatory reform, policy changes, or interpretive guidance on existing legislation. Risks and other factors that could cause our actual results to differ materially from our forward-looking statements are described in the Company's Annual Report on Form 10-K for the fiscal year ended February 3, 2024 ("2023 Form 10-K") or our other reports made or filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the time when made. Except as may be required by applicable law, the Company undertakes no obligation to update or revise the forward-looking statements included in this press release to reflect any future events or circumstances.

     

    DESIGNER BRANDS INC.

    SEGMENT RESULTS

    (unaudited)





    Net Sales











    Three months ended









    (dollars in thousands)

    May 4, 2024



    April 29, 2023



    Change



    Amount



    % of Segment

    Net Sales



    Amount



    % of Segment

    Net Sales



    Amount



    %

    Segment net sales:























    U.S. Retail

    $       621,367



    79.6 %



    $       612,886



    80.7 %



    $         8,481



    1.4 %

    Canada Retail

    55,512



    7.1 %



    53,955



    7.1 %



    1,557



    2.9 %

    Brand Portfolio

    104,130



    13.3 %



    92,983



    12.2 %



    11,147



    12.0 %

    Total segment net sales

    781,009



    100.0 %



    759,824



    100.0 %



    21,185



    2.8 %

    Elimination of intersegment net sales

    (34,413)







    (17,742)







    (16,671)



    94.0 %

    Consolidated net sales

    $       746,596







    $       742,082







    $         4,514



    0.6 %

    Net Sales by Brand Categories

    (in thousands)

    U.S. Retail



    Canada Retail(2)



    Brand Portfolio



    Eliminations



    Consolidated

    Three months ended May 4, 2024



















    Owned Brands:(1)



















    Direct-to-consumer

    $       105,014



    $          8,360



    $         13,930



    $                 —



    $       127,304

    External customer wholesale, commission income, and other

    —



    —



    55,787



    —



    55,787

    Intersegment wholesale

    —



    —



    34,413



    (34,413)



    —

    Total Owned Brands

    105,014



    8,360



    104,130



    (34,413)



    183,091

    National brands

    516,353



    47,152



    —



    —



    563,505

    Total net sales

    $       621,367



    $        55,512



    $       104,130



    $       (34,413)



    $       746,596

    Three months ended April 29, 2023



















    Owned Brands:(1)



















    Direct-to-consumer

    $       123,209



    $          7,872



    $         10,624



    $                 —



    $       141,705

    External customer wholesale, commission income, and other

    —



    —



    64,617



    —



    64,617

    Intersegment wholesale and commission income

    —



    —



    17,742



    (17,742)



    —

    Total Owned Brands

    123,209



    7,872



    92,983



    (17,742)



    206,322

    National brands

    489,677



    46,083



    —



    —



    535,760

    Total net sales

    $       612,886



    $        53,955



    $         92,983



    $       (17,742)



    $       742,082





    (1)

    "Owned Brands" refers to those brands that we have rights to sell through ownership or license arrangements. 

    (2)

    Beginning with the 2023 Form 10-K, we are providing a breakout of Canada Retail segment net sales by brand categories and we have recast the three months ended April 29, 2023 on a consistent basis. 

     

    Comparable Sales



    Three months ended



    May 4, 2024



    April 29, 2023

    Change in comparable sales:







    U.S. Retail segment

    (2.3) %



    (11.6) %

    Canada Retail segment

    (4.9) %



    2.9 %

    Brand Portfolio segment - direct-to-consumer channel

    (1.7) %



    8.3 %

    Total

    (2.5) %



    (10.4) %

     

    Store Count

    (square footage in thousands)

    May 4, 2024



    April 29, 2023



    Number of

    Stores



    Square

    Footage



    Number of

    Stores



    Square

    Footage

    U.S. Retail segment - DSW stores

    500



    9,939



    499



    10,015

    Canada Retail segment:















    The Shoe Company stores

    122



    626



    114



    601

    DSW stores

    25



    496



    25



    496

    Rubino Stores

    28



    149



    —



    —



    175



    1,271



    139



    1,097

    Total number of stores

    675



    11,210



    638



    11,112

     

    Gross Profit



    Three months ended





    (dollars in thousands)

    May 4, 2024



    April 29, 2023



    Change



    Amount



    % of Segment

    Net Sales



    Amount



    % of Segment

    Net Sales



    Amount



    %



    Basis Points

    Segment gross profit:



























    U.S. Retail

    $     198,455



    31.9 %



    $     196,814



    32.1 %



    $         1,641



    0.8 %



    (20)

    Canada Retail

    17,385



    31.3 %



    17,174



    31.8 %



    211



    1.2 %



    (50)

    Brand Portfolio

    33,477



    32.1 %



    22,085



    23.8 %



    11,392



    51.6 %



    830

    Total segment gross profit

    249,317



    31.9 %



    236,073



    31.1 %



    13,244



    5.6 %



    80

    Net recognition (elimination) of intersegment gross profit

    (4,248)







    1,666







    (5,914)









    Consolidated gross profit

    $     245,069



    32.8 %



    $     237,739



    32.0 %



    $         7,330



    3.1 %



    80

     

    Intersegment Eliminations



    Three months ended

    (in thousands)

    May 4, 2024



    April 29, 2023

    Intersegment recognition and elimination activity:







    Elimination of net sales recognized by Brand Portfolio segment

    $                (34,413)



    $                (17,742)

    Cost of sales:







    Elimination of cost of sales recognized by Brand Portfolio segment

    24,093



    13,211

    Recognition of intersegment gross profit for inventory previously purchased that was subsequently sold to external customers during the current period

    6,072



    6,197



    $                  (4,248)



    $                    1,666

     

    DESIGNER BRANDS INC.

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (unaudited and in thousands, except per share amounts)





    Three months ended



    May 4, 2024



    April 29, 2023

    Net sales

    $                746,596



    $                742,082

    Cost of sales

    (501,527)



    (504,343)

    Gross profit

    245,069



    237,739

    Operating expenses

    (238,551)



    (220,119)

    Income from equity investments

    2,864



    2,331

    Impairment charges

    —



    (341)

    Operating profit

    9,382



    19,610

    Interest expense, net

    (11,561)



    (6,597)

    Non-operating expenses, net

    (143)



    (334)

    Income (loss) before income taxes

    (2,322)



    12,679

    Income tax benefit (provision)

    3,207



    (1,306)

    Net income

    885



    11,373

    Net loss (income) attributable to redeemable noncontrolling interest

    (102)



    42

    Net income attributable to Designer Brands Inc.

    $                        783



    $                  11,415

    Diluted earnings per share attributable to Designer Brands Inc.

    $                       0.01



    $                       0.17

    Weighted average diluted shares

    59,470



    67,042

     

    DESIGNER BRANDS INC.

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (unaudited and in thousands)





    May 4, 2024



    February 3, 2024



    April 29, 2023

    ASSETS











    Current assets:











    Cash and cash equivalents

    $                  43,434



    $                  49,173



    $                  50,569

    Receivables, net

    96,712



    83,590



    100,237

    Inventories

    620,493



    571,331



    637,396

    Prepaid expenses and other current assets

    78,224



    73,338



    43,598

    Total current assets

    838,863



    777,432



    831,800

    Property and equipment, net

    223,205



    219,939



    227,692

    Operating lease assets

    728,346



    721,335



    701,670

    Goodwill

    133,666



    123,759



    134,770

    Intangible assets, net

    85,252



    82,827



    75,450

    Deferred tax assets

    40,868



    39,067



    50,111

    Equity investments

    62,863



    62,857



    66,151

    Other assets

    50,540



    49,016



    46,851

    Total assets

    $             2,163,603



    $             2,076,232



    $             2,134,495

    LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND SHAREHOLDERS' EQUITY











    Current liabilities:











    Accounts payable

    $                298,968



    $                289,368



    $                288,526

    Accrued expenses

    182,767



    159,622



    170,759

    Current maturities of long-term debt

    6,750



    6,750



    —

    Current operating lease liabilities

    161,050



    166,531



    183,074

    Total current liabilities

    649,535



    622,271



    642,359

    Long-term debt

    469,328



    420,344



    390,302

    Non-current operating lease liabilities

    657,625



    646,161



    635,245

    Other non-current liabilities

    25,253



    24,948



    23,342

    Total liabilities

    1,801,741



    1,713,724



    1,691,248

    Redeemable noncontrolling interest

    3,390



    3,288



    3,093

    Total shareholders' equity

    358,472



    359,220



    440,154

    Total liabilities, redeemable noncontrolling interest, and shareholders' equity

    $             2,163,603



    $             2,076,232



    $             2,134,495

     

    DESIGNER BRANDS INC.

    NON-GAAP RECONCILIATION

    (unaudited and in thousands, except per share amounts)





    Three months ended



    May 4, 2024



    April 29, 2023

    Operating expenses

    $              (238,551)



    $              (220,119)

    Non-GAAP adjustments:







    CEO transition costs

    —



    2,210

    Restructuring and integration costs

    4,829



    2,120

    Acquisition-related costs

    486



    1,507

    Total non-GAAP adjustments

    5,315



    5,837

    Adjusted operating expenses

    $              (233,236)



    $              (214,282)

    Operating profit

    $                   9,382



    $                 19,610

    Non-GAAP adjustments:







    CEO transition costs

    —



    2,210

    Restructuring and integration costs

    4,829



    2,120

    Acquisition-related costs

    486



    1,507

    Impairment charges

    —



    341

    Total non-GAAP adjustments

    5,315



    6,178

    Adjusted operating profit

    $                  14,697



    $                  25,788

    Net income attributable to Designer Brands Inc.

    $                       783



    $                  11,415

    Non-GAAP adjustments:







    CEO transition costs

    —



    2,210

    Restructuring and integration costs

    4,829



    2,120

    Acquisition-related costs

    486



    1,507

    Impairment charges

    —



    341

    Foreign currency transaction losses

    143



    334

    Total non-GAAP adjustments before tax effect

    5,458



    6,512

    Tax effect on above non-GAAP adjustments

    (1,398)



    (1,508)

    Valuation allowance change on deferred tax assets

    (136)



    (2,117)

    Total non-GAAP adjustments, after tax

    3,924



    2,887

    Net income (loss) attributable to redeemable noncontrolling interest

    102



    (42)

    Adjusted net income

    $                    4,809



    $                  14,260

    Diluted earnings per share

    $                      0.01



    $                      0.17

    Adjusted diluted earnings per share

    $                      0.08



    $                      0.21

     

    Non-GAAP Measures

    To supplement amounts presented in our consolidated financial statements determined in accordance with accounting principles generally accepted in the U.S. ("GAAP"), the Company uses certain non-GAAP financial measures, including adjusted operating expenses, adjusted operating profit, adjusted net income, and adjusted diluted earnings per share as shown in the table above. These measures adjust for the effects of: (1) CEO transition costs; (2) restructuring and integration costs, including severance charges; (3) acquisition-related costs; (4) impairment charges; (5) foreign currency transaction losses; (6) the net tax impact of such items; (7) the change in the valuation allowance on deferred tax assets; and (8) net income (loss) attributable to redeemable noncontrolling interest. The unaudited adjusted results should not be construed as an alternative to the reported results determined in accordance with GAAP. These financial measures are not based on any standardized methodology and are not necessarily comparable to similar measures presented by other companies. The Company believes that these non-GAAP financial measures provide useful information to both management and investors to increase comparability to prior periods by adjusting for certain items that may not be indicative of core operating measures and to better identify trends in our business. The adjusted financial results are used by management to, and allow investors to, evaluate the operating performance of the Company compared to prior periods, when reviewed in conjunction with the Company's GAAP statements. These amounts are not determined in accordance with GAAP and therefore should not be used exclusively in evaluating the Company's business and operations.

    Comparable Sales Performance Metric

    We consider the percent change in comparable sales from the same previous year period, a primary metric commonly used throughout the retail industry, to be an important measurement for management and investors of the performance of our direct-to-consumer businesses. We include in our comparable sales metric sales from stores in operation for at least 14 months at the beginning of the applicable year. Stores are added to the comparable base at the beginning of the year and are dropped for comparative purposes in the quarter in which they are closed. Comparable sales include the e-commerce sales of the U.S. Retail and Canada Retail segments. For calculating comparable sales in 2024, periods in 2023 are shifted by one week to compare similar calendar weeks. Comparable sales for the Canada Retail segment exclude the impact of foreign currency translation and are calculated by translating current period results at the foreign currency exchange rate used in the comparable period of the prior year. Comparable sales include the e-commerce net sales of the Brand Portfolio segment from the direct-to-consumer e-commerce sites for Vince Camuto and Topo. Net sales from the direct-to-consumer e-commerce sites for Keds and Hush Puppies will be added to the comparable base for the Brand Portfolio segment beginning with the second quarter of 2024 and the third quarter of 2024, respectively. Stores added as a result of the Rubino acquisition that will have been in operation for at least 14 months at the beginning of 2025, along with its e-commerce sales, will be added to the comparable base beginning with the second quarter of 2025. The calculation of comparable sales varies across the retail industry and, as a result, the calculations of other retail companies may not be consistent with our calculation.

    CONTACT: Stacy Turnof, [email protected]

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/designer-brands-inc-reports-first-quarter-2024-financial-results-302162497.html

    SOURCE Designer Brands Inc.

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    • Amendment: SEC Form SC 13G/A filed by Designer Brands Inc.

      SC 13G/A - Designer Brands Inc. (0001319947) (Subject)

      11/14/24 4:12:55 PM ET
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    • Amendment: SEC Form SC 13G/A filed by Designer Brands Inc.

      SC 13G/A - Designer Brands Inc. (0001319947) (Subject)

      11/14/24 4:02:55 PM ET
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    Press Releases

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    • Designer Brands Inc. Announces First Quarter 2025 Earnings Release Date

      COLUMBUS, Ohio, May 21, 2025 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI), one of the world's largest designers, producers and retailers of footwear and accessories, announced the Company will issue its first quarter 2025 earnings on June 10, 2025. Management will host a conference call to discuss the results at 8:30 am E.T. A press release detailing the Company's results will be issued prior to the call. Investors and analysts interested in participating in the call are invited to dial 888-317-6003, or the international dial in, 412-317-6061, and reference conference ID n

      5/21/25 6:45:00 AM ET
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    • DSW Launches Largest North American Partnership with Imbox Protection, Bringing In-Store Shoe Care to Nearly 500 Locations

      Fast, eco-conscious technology that keeps shoes looking newer, longer – now available at DSW stores nationwide COLUMBUS, Ohio, April 24, 2025 /PRNewswire/ -- DSW Designer Shoe Warehouse, a Designer Brands company (NYSE:DBI), has launched the largest retail partnership in North America with Imbox Protection, a leading in-store shoe protection solution. Now available in nearly 500 DSW locations across the U.S., the Imbox system offers customers fast, eco-conscious protection that extends the life of their footwear in just 60 seconds. Experience the full interactive Multichannel News Release here: https://www.multivu.com/dsw/9330851-en-dsw-imbox-protection-partnership Using a water-based spray

      4/24/25 10:47:00 AM ET
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      Consumer Discretionary
    • Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results

      Delivers full year 2024 EPS at high end of guidance range Fiscal 2025 guidance reflects expectations for profitable growth COLUMBUS, Ohio, March 20, 2025 /PRNewswire/ -- Designer Brands Inc. (NYSE:DBI) (the "Company," "we," "us," "our," and "Designer Brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, today announced financial results for the three months and year ended February 1, 2025. "Positive comparable sales in the fourth quarter reflect a return to growth for the first time in nine quarters, highlighting the success of o

      3/20/25 6:45:00 AM ET
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      Consumer Discretionary

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    Financials

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    • Designer Brands Inc. Announces First Quarter 2025 Earnings Release Date

      COLUMBUS, Ohio, May 21, 2025 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI), one of the world's largest designers, producers and retailers of footwear and accessories, announced the Company will issue its first quarter 2025 earnings on June 10, 2025. Management will host a conference call to discuss the results at 8:30 am E.T. A press release detailing the Company's results will be issued prior to the call. Investors and analysts interested in participating in the call are invited to dial 888-317-6003, or the international dial in, 412-317-6061, and reference conference ID n

      5/21/25 6:45:00 AM ET
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    • Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results

      Delivers full year 2024 EPS at high end of guidance range Fiscal 2025 guidance reflects expectations for profitable growth COLUMBUS, Ohio, March 20, 2025 /PRNewswire/ -- Designer Brands Inc. (NYSE:DBI) (the "Company," "we," "us," "our," and "Designer Brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, today announced financial results for the three months and year ended February 1, 2025. "Positive comparable sales in the fourth quarter reflect a return to growth for the first time in nine quarters, highlighting the success of o

      3/20/25 6:45:00 AM ET
      $DBI
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Designer Brands Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date

      COLUMBUS, Ohio, March 6, 2025 /PRNewswire/ -- Designer Brands Inc. (NYSE:DBI), one of the world's largest designers, producers and retailers of footwear and accessories, announced the Company will issue its fourth quarter and full year 2024 earnings on March 20, 2025. Management will host a conference call to discuss the results at 8:30 am E.T. A press release detailing the Company's results will be issued prior to the call. Investors and analysts interested in participating in the call are invited to dial 888-317-6003, or the international dial in, 412-317-6061, and reference

      3/6/25 6:45:00 AM ET
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    • Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

      NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from

      9/6/24 6:43:00 PM ET
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    • Designer Brands Inc. Appoints John W. Atkinson to Board of Directors

      COLUMBUS, Ohio, Aug. 7, 2024 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company" and "Designer Brands"), one of the world's largest designers, producers and retailers of footwear and accessories, announces the appointment of John W. Atkinson as a member of its Board of Directors, effective August 1, 2024. Mr. Atkinson was also named a member of both the Audit Committee and the Nominating and Corporate Governance Committee. "I am thrilled to have John join our Board as we accelerate the growth of Designer Brands while driving efficiencies across our brand-building j

      8/7/24 10:00:00 AM ET
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    • Designer Brands Inc. Announces Planned CEO Transition, Reiterates Fiscal 2022 Guidance

      Doug Howe, DSW President, to Succeed Roger Rawlins as CEO of Designer Brands Inc. Effective April 1, 2023 Rawlins to Serve as Strategic Advisor through March 2024 COLUMBUS, Ohio, Jan. 5, 2023 /PRNewswire/ -- Designer Brands Inc. (NYSE:DBI) (the "Company" or "Designer Brands"), one of the world's largest designers, producers and retailers of footwear and accessories, today announced a planned CEO transition process. The Company's Board of Directors (the "Board of Directors" or the "Board") has appointed Doug Howe, President of DSW, to succeed Roger Rawlins as the Company's Chief Executive Officer, effective April 1, 2023, at which time Rawlins will step down as Chief Executive Officer and as

      1/5/23 8:00:00 AM ET
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    • Member of a 10% Group Stone House Capital Management, Llc bought $2,820,985 worth of Class A Common Shares (500,000 units at $5.64) (SEC Form 4)

      4 - Designer Brands Inc. (0001319947) (Issuer)

      1/14/25 9:30:10 PM ET
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    • Member of a 10% Group Stone House Capital Management, Llc bought $1,407,500 worth of Class A Common Shares (250,000 units at $5.63) (SEC Form 4)

      4 - Designer Brands Inc. (0001319947) (Issuer)

      12/12/24 6:00:05 PM ET
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    • SEC Form SD filed by Designer Brands Inc.

      SD - Designer Brands Inc. (0001319947) (Filer)

      5/30/25 11:08:50 AM ET
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    • Designer Brands Inc. filed SEC Form 8-K: Other Events

      8-K - Designer Brands Inc. (0001319947) (Filer)

      5/16/25 8:23:36 AM ET
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    • SEC Form DEFA14A filed by Designer Brands Inc.

      DEFA14A - Designer Brands Inc. (0001319947) (Filer)

      5/5/25 3:12:16 PM ET
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    • Telsey Advisory Group reiterated coverage on Designer Brands with a new price target

      Telsey Advisory Group reiterated coverage of Designer Brands with a rating of Market Perform and set a new price target of $5.00 from $6.00 previously

      3/21/25 7:54:20 AM ET
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    • Telsey Advisory Group reiterated coverage on Designer Brands with a new price target

      Telsey Advisory Group reiterated coverage of Designer Brands with a rating of Market Perform and set a new price target of $6.00 from $10.00 previously

      9/12/24 9:30:47 AM ET
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    • Telsey Advisory Group reiterated coverage on Designer Brands with a new price target

      Telsey Advisory Group reiterated coverage of Designer Brands with a rating of Market Perform and set a new price target of $10.00 from $11.00 previously

      6/5/24 7:39:51 AM ET
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    Insider Trading

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    • CEO Howe Douglas M. converted options into 289,256 units of Class A Common Shares and covered exercise/tax liability with 133,349 units of Class A Common Shares, increasing direct ownership by 84% to 342,431 units (SEC Form 4)

      4 - Designer Brands Inc. (0001319947) (Issuer)

      6/2/25 5:59:10 PM ET
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    • Director Schottenstein Joseph A. was granted 7,426 units of Class A Common Shares, increasing direct ownership by 4% to 197,838 units (SEC Form 4)

      4 - Designer Brands Inc. (0001319947) (Issuer)

      5/5/25 5:19:02 PM ET
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    • SEC Form 4 filed by Director Tanenbaum Allan J

      4 - Designer Brands Inc. (0001319947) (Issuer)

      4/15/25 6:33:40 PM ET
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