Designer Brands Inc. (NYSE:DBI) Q1 2024 Earnings Call Transcript June 4, 2024 Designer Brands Inc. misses on earnings expectations. Reported EPS is $0.08 EPS, expectations were $0.15. Operator: Good morning, and welcome to the Designer Brands First Quarter 2024 Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I’d now like to […]
Shares of footwear and accessories discount retailer Designer Brands (NYSE:DBI) fell 20.7% in the morning session after the company reported first quarter earnings results. Same-store sales missed by a fairly large magnitude, though revenue beat slightly. Additionally, the company's EPS missed analysts' expectations and its full-year earnings guidance was also below Wall Street's estimates. Overall, this was a mediocre quarter for Designer Brands.
Designer Brands (DBI) delivered earnings and revenue surprises of -46.67% and 0.29%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?