The earnings call highlighted strong performance in certain areas such as the casual category and Vince Camuto's DTC channel. However, significant challenges were noted, including an overall sales decline, particularly in seasonal footwear, and operating deleverage. The sentiment is mixed, with some positive developments but notable challenges impacting the business.

Company Guidance

In the Designer Brands (DBI) earnings call for the third quarter of 2023, the company reported a 9.1% decrease in sales, totaling $786.3 million, with U.S. retail comps down 9.8% and Canadian comps down 7.7%. The gross margin decreased by 40 basis points to 32.6%, and adjusted EPS was reported at $0.24. Despite challenges, some positive trends were noted, such as mid-single-digit growth in casual sales and a 7% year-over-year increase in Vince Camuto's DTC channel sales. The call highlighted strategic initiatives to enhance product assortment, marketing, and customer experience, with the company revising its full-year guidance to project high single-digit declines in both net sales and retail comps. Adjusted EPS for 2023 is anticipated to range between $0.40 and $0.70. The leadership emphasized their focus on adapting to evolving consumer preferences and leveraging data insights to improve assortment and marketing efforts.

Casual Sales Performance

The casual portion of the retail business delivered comp sales growth in the mid-single digits, indicating strong performance in this category.

Vince Camuto DTC Success

The Vince Camuto DTC channel saw comp sales up 7% in the quarter, with a 26.3% increase in October, driven by strong consumer demand for wide and extra wide shaft boots.

Nike Partnership Reestablished

Nike products were reintroduced in DBI channels in September and quickly became one of the top brands, signaling strong customer response.

Inventory Management

Inventory management was strategic, with retail inventory per square footage down 11.5% from the previous year, ensuring a healthy position.

Strong Cash Flow Generation

Year-to-date, the company generated approximately $203 million of net cash from operating activities, significantly up from $38 million last year.

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Designer Brands (DBI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DBI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 25, 2025	2024 (Q4)	-0.47 / -	-0.44	―	―	―
Dec 10, 2024	2024 (Q3)	0.35 / 0.27	0.24	12.50% (+0.03)	―
Sep 11, 2024	2024 (Q2)	0.53 / 0.29	0.59	-50.85% (-0.30)	―
Jun 04, 2024	2024 (Q1)	0.13 / 0.08	0.21	-61.90% (-0.13)	―
Mar 21, 2024	2023 (Q4)	-0.47 / -0.44	0.07	-728.57% (-0.51)	―
Dec 05, 2023	2023 (Q3)	0.46 / 0.24	0.67	-64.18% (-0.43)	―
Sep 07, 2023	2023 (Q2)	0.44 / 0.59	0.62	-4.84% (-0.03)	―
Jun 08, 2023	2023 (Q1)	0.23 / 0.21	0.48	-56.25% (-0.27)
Mar 16, 2023	2022 (Q4)	-0.02 / 0.07	0.15	-53.33% (-0.08)
Dec 01, 2022	2022 (Q3)	0.72 / 0.67	0.86	-22.09% (-0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DBI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 10, 2024	$5.79	$6.01	+3.80%
Sep 11, 2024	$5.72	$5.06	-11.54%
Jun 04, 2024	$10.81	$8.61	-20.35%
Mar 21, 2024	$11.22	$10.60	-5.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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