Designer Brands Inc. Reports Third Quarter 2023 Financial Results

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Go back to Designer Brands Inc. Reports Third Quarter 2023 Financial Results

Designer Brands (DBI) tumbles as demand hit by contracting footwear market and unseasonably warm weather

December 5, 2023 7:57 AM EST

Designer Brands Inc. (NYSE: DBI) shares plunged premarket Tuesday after reporting earnings for its latest quarter, missing consensus estimates.

The fashion company reported third-quarter earnings of $0.24, $0.22 worse than the analyst estimate of $0.46, while revenue for the quarter declined 9.1% year-over-year, coming in at $786.3 million, below the consensus estimate of $824.24 million.... More