Designer Brands Inc. Reports Second Quarter 2019 Financial Results
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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