Designer Brands Inc. (DBI) Tops Q1 EPS by 24c, Updates Guidance

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Designer Brands Inc. Reports First Quarter 2022 Financial Results

June 2, 2022 6:45 AM EDT

Net sales up 18.1% over the first quarter of 2021

Relaunched Vince Camuto brand and grew sales by 80% over the first quarter of 2021

Gross margin expansion of 250 basis points over the first quarter of 2021

Operating profit growth of approximately 200% over the first quarter of 2021

Full year 2022 diluted EPS guidance raised to a range of $1.90 to $2.00

COLUMBUS, Ohio, June 2, 2022 /PRNewswire/ -- Designer Brands Inc. (NYSE:... More