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
Current Outlook | Previous Outlook | ||
Revenue outlook | Low double-digit growth | Low double-digit growth | |
Comparable sales growth | Flat | Low single-digit growth | |
Tax rate | 24% | 27% | |
Shares outstanding | 75 million | 77 million |
For earnings history and earnings-related data on Designer Brands Inc. (DBI) click here.