Designer Brands Earnings: Expecting 1.8% Revenue Decline

Designer Brands, also known as DBI, is set to release its latest financial results this Tuesday, with analysts predicting a slight revenue decline of 1.8% year over year, reaching approximately $763.4 million. The expected adjusted earnings per share are 18 cents. Despite missing Wall Street’s revenue estimates five times in the past two years, analysts have largely maintained their forecasts, suggesting no major surprises. In the broader apparel and footwear retail sector, competitors have seen mixed results, with Boot Barn reporting an 18.7% revenue increase and Shoe Carnival a 3.2% decline. Designer Brands is heading into its earnings report with its shares climbing almost 23% in the last month, slightly above the average analyst price target of $4.75.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.