Designer Brands Inc Stock Price, News & Analysis

Designer Brands Inc. (NYSE: DBI) announced a strategic investment in and licensing agreement with Le TIGRE 360 Global to enhance its portfolio of Owned Brands. This partnership aims to double sales of Owned Brands by 2026. Designer Brands will exclusively design and produce Le TIGRE footwear, targeting both DSW and The Shoe Company stores, as well as online platforms. Leveraging its direct-to-consumer infrastructure, Designer Brands aims to strengthen its position in the athletic category while appealing to millennial consumers.

Designer Brands Inc. reported an 18.1% increase in net sales for Q1 2022, totaling $830.5 million, with comparable sales rising 15.3%. The relaunch of the Vince Camuto brand boosted sales by 80%. Gross profit improved to $275.7 million, with a gross margin of 33.2%, an expansion of 250 basis points. Operating profit surged approximately 200%. The diluted EPS guidance for 2022 was raised to $1.90-$2.00, reflecting positive growth strategies and partnerships.

Designer Brands Inc. (NYSE: DBI) announced the appointment of Doug Howe as President of DSW Designer Shoe Warehouse and Executive Vice President. This change aims to strengthen the retail brand's focus on customers and speed across its 519 U.S. stores and direct-to-consumer channels. Howe, a retail veteran with over 30 years of experience, previously served as Chief Merchandising Officer at Kohl's. His tenure begins in late May 2022.

Howe's leadership is expected to enhance the differentiated customer experience as Designer Brands continues to develop its portfolio.

Designer Brands Inc. (NYSE: DBI) is set to release its first quarter 2022 earnings report on June 2, 2022. The management will hold a conference call at 8:30 AM E.T. to discuss the results, following a press release that will detail these outcomes. Interested parties can participate by calling 888-317-6003 (international 412-317-6061), referencing conference ID 2325226. The call will also be available as a live webcast, with an archived version accessible until June 16, 2022.

Designer Brands Inc. (NYSE: DBI) has launched a new retail format called "Warehouse Reimagined" in Houston, emphasizing customer experience and brand visibility. This innovative store design showcases both National and Owned Brands, aiming to enhance shopping convenience with improved merchandising and dedicated sections. The company plans to increase Owned Brands sales to nearly 30% by 2026. DSW has also surpassed 6 million pairs of shoes donated to Soles4Souls, reinforcing its commitment to philanthropy.

Designer Brands Inc. (NYSE: DBI) hosted an Investor Day at the New York Stock Exchange, presenting a long-range plan to double sales of Owned Brands by fiscal 2026, targeting an EPS range of $2.75 to $2.85. The company raised its fiscal 2022 EPS outlook from $1.75-$1.85 to $1.80-$1.90 and reinstated a dividend of $0.05 per share for Q1 2022. Management aims for revenue of $4 billion and a gross profit margin of 35% by FY 2026, leveraging customer data from nearly 30 million loyalty members. Cash generation from operations is expected to exceed $1 billion over five years.

Designer Brands Inc. (DBI) reported record fourth-quarter sales of $822.6 million with a 36.9% increase in comparable sales. For the full year, net sales rose 43% to $3.2 billion, with diluted EPS at $2.00. Gross profit surged to $1.1 billion, enhancing gross margin to 33.4%. The company anticipates high-single-digit comparable sales growth in 2022, projecting diluted EPS between $1.75 and $1.85. Despite closing a few stores, DBI maintains strong liquidity with $72.7 million in cash.

Designer Brands Inc. (NYSE: DBI) announced it will release its fourth quarter and full year 2021 earnings on March 17, 2022. A conference call will follow at 8:30 am E.T. to discuss the results. Investors can join by dialing 888-317-6003 or 412-317-6061 for international calls, using conference ID 9922420. A replay will be available afterward for those unable to attend. The company operates retail locations under the DSW and other brands with a strong presence in the footwear industry.

Designer Brands Inc. (NYSE: DBI) announced a $2 million investment to enhance Diversity, Equity, and Inclusion by partnering with Pensole and Dr. D'Wayne Edwards. This initiative will support the opening of the first Black-owned footwear factory, JEMS, in the U.S., producing shoes designed by PLC graduate students for DSW. CEO Roger Rawlins emphasized the need for representation in the footwear industry, where Black individuals make up less than 5% of designers. This investment aims to break barriers and promote new opportunities for aspiring Black designers.