Designer Brands lowers FY24 adjusted EPS view to 50c-60c from 70c-80c

Consensus 75c. Lowers FY24 revenue view to flat to low-single digits from low-single digits. Howe continued, “We continue to believe that our investments across our retail and brand businesses will help us to accelerate growth moving forward as we sharpen our focus and optimize our assortment, our marketing, and our omnichannel customer experience. With shoppers becoming increasingly mindful of their discretionary spending, and trends rapidly evolving, we want to ensure that we remain top of mind as the destination for all their footwear needs.”