Designer Brands cuts FY24 adjusted EPS view to 10c-30c from 50c-60c

Consensus 50c. Cuts FY24 revenue view to down low-single digits from flat to up low-single digits. Howe continued, “Although external challenges have persisted, I am encouraged by how effectively our business has stayed aligned with our strategic priorities and executing on the things within our control. As we make our way through the fourth quarter, we remain confident in our strategy and our ability to navigate headwinds as we implement a refreshed holiday marketing and merchandising approach. We continue to believe this focus will help us improve performance over the long-term.”