Designer Brands Inc. (DBI) Misses Q3 EPS by 9c, Cuts FY EPS Guidance

Designer Brands Inc. (NYSE: DBI) reported Q3 EPS of $0.67, $0.09 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $936.3 million versus the consensus estimate of $938.59 million.

• Comparable sales increased 0.3%, delivering a two-year comparable sales increase of 7.6%.

GUIDANCE:

Designer Brands Inc. sees FY2019 EPS of $1.50-$1.55, versus the consensus of $1.88.

• The Company lowered its full year outlook for Adjusted EPS in the range of $1.50 to $1.55 per diluted share, compared to its previous range of $1.87 to $1.97 per diluted share.

Comparison of Current to Previous Outlook

For earnings history and earnings-related data on Designer Brands Inc. (DBI) click here.

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