Designer Brands (DBI) Company Report

Designer Brands Inc. reported Q3 2026 total sales of $752.4 million, a 3.2% decline year-over-year, with comparable sales down 2.4%, marking a 260 basis point sequential improvement from Q2.
Adjusted diluted earnings per share (EPS) for the quarter was $0.38, an increase from $0.27 in the prior year, and adjusted operating income reached $46.5 million.
The consolidated gross margin improved by 210 basis points year-over-year to 45.1%, attributed to strategically fewer markdowns and increased fulfillment efficiency.
The company strengthened its balance sheet by paying down $47 million of debt in the quarter, ending with $469.8 million in total debt and $218.3 million in total liquidity.
For fiscal year 2025, Designer Brands Inc. anticipates total net sales to be down in the range of 3%-5% and adjusted operating income between $50 million-$55 million.

Dec 9, 2025, 1:30 PM

Transcript

Designer Brands Inc. Reports Q3 2025 Results with Sequential Improvement and Provides FY 2025 Guidance

DBI

Earnings

Guidance Update

Demand Weakening

Designer Brands Inc. (DBI) reported Q3 2025 adjusted diluted EPS of $0.38, up from $0.27 last year, with net sales of $752.4 million, a 3.2% decline year over year, and comparable sales down 2.4%, representing a 260 basis point sequential improvement from Q2.
The company achieved a consolidated gross margin of 45.1% in Q3 2025, a 210 basis point improvement versus the prior year, driven by strategically fewer markdowns in the U.S. retail segment. Adjusted operating income for the quarter was $46.5 million.
DBI strengthened its balance sheet by paying down $47 million of debt in the quarter, ending with total debt outstanding of $469.8 million and $218.3 million in total liquidity as of the end of Q3 2025. Inventory levels were down 2.7% compared to last year.
For fiscal year 2025, the company expects total net sales to be down in the range of 3%-5% and adjusted operating income in the range of $50 million-$55 million. The momentum from Q3 is noted to have carried into Q4.

Dec 9, 2025, 1:30 PM

Transcript

Designer Brands Inc. Reports Q3 2026 Results with Sequential Improvement and Updated Full-Year Guidance

DBI

Earnings

Guidance Update

Demand Weakening

Designer Brands Inc. (DBI) reported Q3 2026 results with net sales of $752.4 million, a 3.2% decline year-over-year, and comparable sales down 2.4%, representing a 260 basis point sequential improvement from Q2.
The company achieved adjusted EPS of $0.38, up from $0.27 last year, and adjusted operating income of $46.5 million, which exceeded the prior year by nearly $3 million.
Gross margin improved by 210 basis points to 45.1%, and DBI strengthened its balance sheet by paying down $47 million of debt, ending the quarter with $469.8 million outstanding.
For fiscal year 2025, the company expects total net sales to be down in the range of 3%-5% and adjusted operating income between $50 million and $55 million. The momentum established in Q3 has continued into Q4.

Dec 9, 2025, 1:30 PM

Transcript

Designer Brands Inc. Reports Third Quarter 2025 Financial Results

DBI

Earnings

Guidance Update

Demand Weakening

Designer Brands Inc. reported diluted earnings per share of $0.35 and adjusted diluted EPS of $0.38 for the third quarter ended November 1, 2025, both representing an increase of over 40% compared to the prior year.
Net sales for Q3 2025 decreased 3.2% to $752.4 million, while gross margin improved by 210 basis points to 45.1%.
The company anticipates fiscal 2025 adjusted operating income to be between $50.0 million and $55.0 million.
Liquidity improved with cash and cash equivalents totaling $51.4 million at the end of Q3 2025, up from $36.2 million in the prior year, and debt reduced to $469.8 million from $536.3 million.

Dec 9, 2025, 1:17 PM

8-K

Designer Brands Inc. Reports Third Quarter 2025 Financial Results

DBI

Earnings

Guidance Update

Dividends

Designer Brands Inc. generated diluted earnings per share (EPS) of $0.35 and adjusted diluted EPS of $0.38 for the third quarter ended November 1, 2025, both up over 40% compared to the same period last year.
For the third quarter of 2025, net sales decreased 3.2% to $752.4 million, while gross profit increased to $339.6 million, with a gross margin of 45.1%, representing a 210-basis point improvement over the prior year.
At the end of the third quarter of 2025, cash and cash equivalents totaled $51.4 million and debt totaled $469.8 million.
The company expects fiscal 2025 adjusted operating income to be in the range of $50.0 million to $55.0 million.
A dividend of $0.05 per share for both Class A and Class B common shares will be paid on December 19, 2025.

Dec 9, 2025, 11:45 AM

Press Release

Designer Brands Inc. Announces CFO Transition

DBI

CFO Change

Management Change

Executive Compensation

Jared Poff is resigning as Executive Vice President, Chief Financial Officer and Chief Administrative Officer of Designer Brands Inc., effective October 31, 2025, to pursue a new professional opportunity.
Mark Haley, the current Senior Vice President, Controller and Principal Accounting Officer, has been appointed Interim Principal Financial Officer, effective November 1, 2025.
The company is launching an executive search to identify a permanent Chief Financial Officer.
In connection with his interim appointment, Mr. Haley will receive a one-time cash retention bonus of $100,000 and an award of restricted stock units with a grant date value of $150,000.

Oct 8, 2025, 9:00 PM

8-K

Designer Brands Inc. Reports Q1 2025 Financial Results

DBI

Earnings

Guidance Update

Dividends

Net sales decreased 8.0% to $686.9 million, with the decline reflecting a challenging macro environment (citation: ).
Gross profit fell to $295.1 million resulting in a 43.0% margin, down from 44.2% last year (citation: ).
The company reported a net loss of $17.4 million and an adjusted net loss of $12.5 million (citation: ).
In response to economic uncertainty, Designer Brands announced plans to achieve $20–30 million in cost savings in 2025 and withdrew its full-year guidance (citation: ).

Jun 10, 2025, 12:00 AM

8-K

Designer Brands Inc Reports Q4 2025 Earnings Results

DBI

Earnings

Guidance Update

Positive comps return: The company recorded a return to positive comps in Q4, with U.S. Retail comps up around 1% and Canada Retail comps up 5%, marking the first positive comp performance in several quarters.
Brand segment strength: The Brand Portfolio segment delivered approximately 12% sales growth in Q4, contributing to improved overall operating margins and benefiting from cost efficiency initiatives.
Guidance update for 2025: The firm provided updated guidance for fiscal 2025, expecting low single-digit net sales growth in U.S. Retail, mid- to high-single-digit growth in Canada, and earnings per share in the range of $0.30 to $0.50, while noting a slower start in Q1 amid macro uncertainty.

Mar 20, 2025, 12:31 PM

Transcript

Designer Brands Reports Q4 2024 and FY 2024 Financial Results

DBI

Earnings

Guidance Update

Q4 financials: Net sales declined 5.4% to $713.6 million, with a reported net loss of $38.2 million (or $0.80 per diluted share) and an adjusted net loss of $21.3 million (or $0.44 per diluted share).
Full year performance: FY 2024 net sales fell 2.1% to $3.0 billion, while adjusted net income reached $15.0 million (adjusted diluted EPS of $0.27), delivering EPS at the high end of guidance.
Guidance for fiscal 2025: The company projects low-single digit net sales growth with diluted EPS expected in the range of $0.30 to $0.50, underscoring its ongoing strategic initiatives.

Mar 20, 2025, 10:45 AM

Press Release

Designer Brands Reports Q4 2024 Results and 2025 Guidance

DBI

Earnings

Guidance Update

Share Buyback

Q4 2024 Results: The company reported Q4 net sales of $713.6 million, with a reported net loss of $38.2 million and an adjusted net loss of $21.3 million for the quarter.
Fiscal Year 2024 Overview: Full-year net sales declined to $3.0 billion, while the company achieved an adjusted net income of $15.0 million and an adjusted diluted EPS of $0.27.
2025 Guidance: The company expects low-single digit net sales growth and provided guidance for diluted EPS in the range of $0.30 to $0.50, reflecting an outlook for profitable growth.
Strategic Initiatives and Shareholder Returns: The company highlighted ongoing initiatives to refresh its assortment and enhance its omnichannel customer experience, supported by an active share repurchase program, with 10.3 million shares repurchased in 2024.