Designer Brands Inc. (DBI) Misses Q2 EPS by 43c, Revenues Miss

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Go back to Designer Brands Inc. (DBI) Misses Q2 EPS by 43c, Revenues Miss

Designer Brands Inc. Reports Second Quarter 2020 Financial Results

September 3, 2020 6:45 AM EDT

Bolstered liquidity and raised $250 million of new debt

Inventory was down 37%, in line with sales down 43%, compared to the same period last year; well-positioned to chase into developing Fall trends

COLUMBUS, Ohio, Sept. 3, 2020 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company"), one of North America's largest designers, producers and retailers of footwear and accessories, announced financial results for the three months ended August 1, 2020, compared to the three months ended August 3, 2019.

Roger Rawlins, Chief Executive Officer, stated, "Although the COVID-19 pandemic continues to impact consumer... More