Designer Brands Stock Is Plunging. DSW Parent’s Earnings Were That Bad.
DSW and Keds parent company, Designer Brands, missed quarterly earnings expectations and issued softer-than-expected guidance, sending the stock sliding close to 20% Wednesday. Designer Brands, which also owns shoe brands Hush Puppies and Vince Camuto,
Why Designer Brands Stock Was Diving Today
Shares of Designer Brands (NYSE: DBI) were falling today after the parent of DSW and other footwear brands posted disappointing results in its second-quarter earnings report and cut its guidance for the year. As a result, the stock was down 13.9% as of 1:10 p.m. ET on the news. Image source: Getty Images.
Designer Brands: Stumbling On The Earnings Runway
Designer Brands Inc. missed Q2 2024 earnings estimates, with EPS of $0.29 and a revenue shortfall of $44.24 million. Learn more on DBI stock here.
Designer Brands' Q2 Earnings Miss Estimates, Comps Decline Y/Y
Designer Brands Inc. DBI released second-quarter fiscal 2024 results, wherein both the bottom and top lines lagged the Zacks Consensus Estimate and declined year over year. However, during the second quarter, the company continued to advance with its ...
Designer Brands Slashes FY24 Outlook As Q2 Results Miss Estimates
Fashion retailer Designer Brands, Inc. (DBI) reported on Wednesday that net income attributable to the company for the second quarter
Designer Brands: Fiscal Q2 Earnings Snapshot
COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Designer Brands Inc. (DBI) on Wednesday reported profit of $13.8 million in its fiscal second quarter. The Columbus, Ohio-based company said it had net income of 24 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.
A Peek at Designer Brands's Future Earnings
Designer Brands is positioned in the middle among its peers for Consensus rating. It ranks in the middle for Revenue Growth. In terms of Gross Profit, it is at the top among its peers. For Return on Equity, Designer Brands is positioned in the middle compared to its peers.
Why Designer Brands Stock Was Diving Today
Shares of Designer Brands (NYSE: DBI) were falling today after the parent of DSW and other footwear brands posted disappointing results in its second-quarter earnings report and cut its guidance ...
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