Designer Brands Raises Full-Year Profit Outlook After Beating Quarterly Earnings Estimates
Designer Brands Inc (NYSE:DBI) raised its full-year profit guidance following better-than-expected second-quarter results. The company reported adjusted earnings per share of $0.34, surpassing the estimated $0.26 and contributing to a 5.4% rise in shares. Revenue for Q2 was $730.6 million, slightly below forecasts but supported by strong performance from its brand portfolio segment. Adjusted net income reached $19.2 million compared to an expected $15.5 million, while operating profit hit $54.7 million due to tariff recoveries. The company also noted a 430 basis point increase in adjusted gross margin year-over-year and raised its full-year earnings per share guidance from previous estimates. Designer Brands now anticipates full-year revenue growth of flat to up 1%, with an updated EPS range between $0.47 and $0.52, exceeding analyst expectations.
Topics: accessories financial_results footwear retail