Designer Brands Inc
NYSE:DBI
Designer Brands Inc
Designer Brands, Inc. engages in the design, production, and retail of footwear and accessory brands. The company is headquartered in Columbus, Ohio and currently employs 13,500 full-time employees. The company went IPO on 2005-06-29. The firm operates through three segments. The U.S. Retail segment operates the DSW Designer Shoe Warehouse (DSW) banner through its direct-to-consumer United States stores and e-commerce site. The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites. Together, the U.S. Retail and Canada Retail segments are referred to as the retail segments. The Brand Portfolio segment is engaged in the selling of wholesale products to retailers, commissions for serving retailers as the design and buying agent for products under private labels, First Cost, and the sale of branded products through its direct-to-consumer e-commerce site at www.vincecamuto.com. Its DSW banner provides footwear and accessory brands, which offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids.
Designer Brands, Inc. engages in the design, production, and retail of footwear and accessory brands. The company is headquartered in Columbus, Ohio and currently employs 13,500 full-time employees. The company went IPO on 2005-06-29. The firm operates through three segments. The U.S. Retail segment operates the DSW Designer Shoe Warehouse (DSW) banner through its direct-to-consumer United States stores and e-commerce site. The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites. Together, the U.S. Retail and Canada Retail segments are referred to as the retail segments. The Brand Portfolio segment is engaged in the selling of wholesale products to retailers, commissions for serving retailers as the design and buying agent for products under private labels, First Cost, and the sale of branded products through its direct-to-consumer e-commerce site at www.vincecamuto.com. Its DSW banner provides footwear and accessory brands, which offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids.
Sequential Improvement: Designer Brands reported another quarter of sequential improvement, with key business metrics strengthening from Q2.
Sales Decline Narrows: Total sales fell 3% year-over-year while comparable sales were down 2.4%, but both showed significant improvement over the previous quarter.
Margin Expansion: Gross margin increased by 210 basis points to 45.1%, driven by fewer markdowns and better inventory management.
EPS Growth: Adjusted EPS rose to $0.38, up from $0.27 last year.
Debt Reduction: The company paid down $47 million in debt and ended the quarter with $51.4 million in cash.
Guidance Reaffirmed: Management expects full-year net sales to decline 3% to 5%, with adjusted operating income between $50 million and $55 million.
Momentum Continues: Positive trends from Q3 carried into Q4, supported by strong performance in key brands and categories.
