Designer Brands Inc. Reports Second Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Designer Brands Inc. (DBI) Tops Q2 EPS by 1c, Revenues Miss
August 29, 2019 6:47 AM EDTDesigner Brands Inc. (NYSE: DBI) reported Q2 EPS of $0.48, $0.01 better than the analyst estimate of $0.47. Revenue for the quarter came in at $860.2 million versus the consensus estimate of $872.37 million.
Second Quarter Operating Results
Total revenue increased by 8.2%, including $102.9 million in revenue from the Brand Portfolio segment, which includes $17.7 million in intersegment revenue that is eliminated in consolidation.Comparable sales decreased 0.6% for second quarter of fiscal 2019 compared to a 9.7% increase in the second quarter of fiscal 2018.Reported gross profit, as a percent of sales, decreased by 210 bps primarily... More