Why Designer Brands Stock Was Diving Today
Shares of Designer Brands (NYSE: DBI) were falling today after the parent of DSW and other footwear brands posted disappointing results in its second-quarter earnings report and cut its guidance for the year. As a result, the stock was down 13.9% as of 1:10 p.m. ET on the news. Image source: Getty Images.
Designer Brands: Stumbling On The Earnings Runway
Designer Brands Inc. missed Q2 2024 earnings estimates, with EPS of $0.29 and a revenue shortfall of $44.24 million. Learn more on DBI stock here.
Designer Brands' Q2 Earnings Miss Estimates, Comps Decline Y/Y
Designer Brands Inc. DBI released second-quarter fiscal 2024 results, wherein both the bottom and top lines lagged the Zacks Consensus Estimate and declined year over year. However, during the second quarter, the company continued to advance with its ...
Designer Brands Slashes FY24 Outlook As Q2 Results Miss Estimates
Fashion retailer Designer Brands, Inc. (DBI) reported on Wednesday that net income attributable to the company for the second quarter
Designer Brands sinks after a surprise decline in comparable sales, weak profit guidance
Designer Brands (NYSE:DBI) slid in early trading on Wednesday after revenue, comparable sales, and EPS for Q2 were all reported below expectations. Total sales decreased 2.6% to $771.9 million during the quarter that ended on August 3 and comparable sales decreased by 1.
A Peek at Designer Brands's Future Earnings
Designer Brands is positioned in the middle among its peers for Consensus rating. It ranks in the middle for Revenue Growth. In terms of Gross Profit, it is at the top among its peers. For Return on Equity, Designer Brands is positioned in the middle compared to its peers.
Why Designer Brands Stock Was Diving Today
Shares of Designer Brands (NYSE: DBI) were falling today after the parent of DSW and other footwear brands posted disappointing results in its second-quarter earnings report and cut its guidance ...
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