Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2019 Financial Results

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Go back to Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Designer Brands Inc. (DBI) Tops Q4 EPS by 1c, Revenues Beat; No FY20 Guidance Dee to COVID-10 Outbreak

March 17, 2020 6:55 AM EDT

Designer Brands Inc. (NYSE: DBI) reported Q4 EPS of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $829.62 million versus the consensus estimate of $841.63 million.

Chief Executive Officer Roger Rawlins, stated, "The impact of COVID-19 on our business and industry is unprecedented, and our thoughts are with those individuals who have been directly affected by the virus. At the direction of government officials to flatten the curve, and in an attempt to safeguard the long-term stability of our business, we have made the difficult decision to temporarily close... More