Designer Brands Inc. (DBI) Misses Q1 EPS by $1.23, Revenues Beat

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Go back to Designer Brands Inc. (DBI) Misses Q1 EPS by $1.23, Revenues Beat

Designer Brands Inc. Reports First Quarter 2020 Financial Results

June 18, 2020 6:45 AM EDT

- In response to COVID-19, the Company took proactive actions to strengthen liquidity and financial flexibility

- First quarter Reported loss of $3.00 per diluted share, including net charges of $1.17 per diluted share from adjusted items

- First quarter Adjusted loss of $1.83 per diluted share

- Comparable sales decreased 42.3% during the first quarter

- Inventory units on hand were flat at quarter end compared to the same period last year

COLUMBUS, Ohio, June 18, 2020 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company"), one of North America's largest... More