Recap: Designer Brands Q3 Earnings

Shares of Designer Brands DBI moved higher by 1.9% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 138.81% year over year to ($0.26), which beat the estimate of ($0.48).

Revenue of $652,870,000 decreased by 30.27% year over year, which beat the estimate of $650,630,000.

Guidance

Designer Brands hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Dec 09, 2020

Time: 08:30 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1213/38606

Price Action

Company's 52-week high was at $17.50

52-week low: $2.60

Price action over last quarter: Up 25.25%

Company Profile

Designer Brands Inc is a retailer engaged in branded footwear in the United States. It offers a wide selection of brand name and designer dress, casual, and athletic footwear for women and men. Group functions through U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment includes stores operated in the U.S. under the DSW Designer Shoe Warehouse banner and its related e-commerce site. The Canada Retail segment includes stores operated in Canada under The Shoe Company, Shoe Warehouse, DSW Designer Shoe Warehouse banners and related e-commerce sites. The Brand Portfolio segment is engaged in sale of wholesale products to retailers and sale of branded products on direct-to-consumer e-commerce sites and other activities.