DBI / DSW parent Designer Brands' stock rallies after profit, sales fall but beat expectations

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

Designer Brands' (DBI) Q2 results reflect reduced turnover across U.S. retail and Canada retail segments. However, the portfolio of Owned Brands and N more_horizontal

Sales ticked up compared to the previous quarter. Gross margin also moved higher. more_horizontal

Designer Brands Inc. (NYSE:DBI ) Q2 2023 Earnings Conference Call September 7, 2023 8:30 AM ET Company Participants Justin Fischer - Director, IR Doug more_horizontal

Designer Brands' shares surged in early Thursday trading after the footwear and accessories retailer posted second-quarter sales and earnings that bea more_horizontal

Designer Brands (DBI) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to e more_horizontal

Shares of Designer Brands Inc. DBI rallied 3.6% in premarket trading, after the parent of the DSW shoe retailer reported fiscal second-quarter profit more_horizontal

Designer Brands' (DBI) second-quarter fiscal 2023 results are expected to reflect the impacts of a tough operating backdrop, including inflationary pr more_horizontal