Profile
Sector:
Consumer CyclicalIndustry:
Footwear & AccessoriesCountry:
United StatesIPO:
29 June 2005Website:
http://www.designerbrands.comNext earnings report:
06 September 2024Last dividends:
05 June 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 22:40:00 GMTAnalysts recommendations
Institutional Ownership
DBI Latest News
When trying to figure out what are the best short-squeeze stocks to buy, a great place to check out first is a list of stocks with the highest short interest based on the percentage of outstanding float sold short. However, buying all of the most shorted stocks is not a surefire way to identify and profit from a short-squeeze investing strategy.
Adjusted profits fell sharply in the quarter. The company maintained full-year guidance, calling for just slight top-line growth.
Designer Brands (DBI) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.21 per share a year ago.
Consolidated gross profit margin rose 80 basis points over the same period last year, driven by the Brand Portfolio Segment Net sales growth in performance and leisure footwear in the U.S. Retail segment outpaced the balance of the footwear market Company reaffirms full year 2024 guidance COLUMBUS, Ohio , June 4, 2024 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company," "we," "us," "our," and "Designer Brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, today announced financial results for the three months ended May 4, 2024. "This quarter, we were pleased to deliver results in line with our expectations for this quarter, as we gain traction on our path to returning Designer Brands to growth," stated Doug Howe, Chief Executive Officer.
Spanish designer brands conglomerate Puig is set to be the latest green-shoot in Europe's IPO market, as the Jean-Paul Gaultier and Paco Rabanne owner prepares to file for a float in Madrid. The finer financial details for the IPO, including the expected share price and the total amount being raised, has yet to be determined, though reports have suggested it will be in the billions.
Designer Brands (DBI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Designer Brands Inc shares fell over 14% on Thursday after the fashion retailer laid out disappointing guidance for the year ahead. Updating on Thursday, Designer Brands said per-share earnings would likely come in between US$0.70 and US$0.80 for 2024, below analysts' expectations of US$0.81.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The current state of the consumer, a concern that has been regularly reflected during the past quarter at PYMNTS, is very real for DSW's parent company Designer Brands. Consumers are looking for the best value, and more often than not it can be found in the clearance aisle.
Designer Brands (DBI) faces challenges due to a shrinking footwear market and unusually warm weather, leading to decreased customer demand in Q3. Nonetheless, it is targeting long-term success.
- 1(current)
What type of business is Designer Brands?
Designer Brands Inc., together with its subsidiaries, designs, manufactures, and retails footwear and accessories for women, men, and kids primarily in North America. The company operates through three segments: U.S. Retail, Canada Retail, and Brand Portfolio. It provides dress, casual, and athletic footwear; and handbags. The company offers its products under the Vince Camuto, Louise et Cie, Jessica Simpson, Lucky, JLO Jenifer Lopez, and other brands. It also operates vincecamuto.com e-commerce site, as well as www.dsw.com, www.dsw.ca, and www.theshoecompany.ca websites; and a portfolio of banners, including DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse. As of January 29, 2022, it operated 648 stores. Designer Brands Inc. was founded in 1991 and is based in Columbus, Ohio.
What sector is Designer Brands in?
Designer Brands is in the Consumer Cyclical sector
What industry is Designer Brands in?
Designer Brands is in the Footwear & Accessories industry
What country is Designer Brands from?
Designer Brands is headquartered in United States
When did Designer Brands go public?
Designer Brands initial public offering (IPO) was on 29 June 2005
What is Designer Brands website?
https://www.designerbrands.com
Is Designer Brands in the S&P 500?
No, Designer Brands is not included in the S&P 500 index
Is Designer Brands in the NASDAQ 100?
No, Designer Brands is not included in the NASDAQ 100 index
Is Designer Brands in the Dow Jones?
No, Designer Brands is not included in the Dow Jones index
When does Designer Brands report earnings?
The next expected earnings date for Designer Brands is 06 September 2024