Welcome to our dedicated page for Designer Brands news (Ticker: DBI), a resource for investors and traders seeking the latest updates and insights on Designer Brands stock.
Designer Brands Inc (DBI) delivers footwear innovation through its integrated retail platforms and brand partnerships. This news hub provides investors and industry professionals with direct access to official corporate communications, financial disclosures, and strategic developments.
Track critical updates including quarterly earnings reports, leadership changes, supply chain initiatives, and partnership announcements. Our curated collection features press releases from DBI's U.S./Canada retail operations and Brand Portfolio segment, alongside market analyses relevant to omni-channel retail strategies.
Key content categories include financial performance updates, store expansion plans, e-commerce enhancements, and sustainability initiatives. Bookmark this page for streamlined monitoring of DBI's evolving position in competitive footwear markets, supported by timely filings and verified corporate statements.
Designer Brands Inc. (NYSE: DBI) reported a strong third quarter for fiscal 2021, with net sales rising by 30.7% to $853.5 million. Comparable sales jumped 40.8%, while gross profit reached a record $313.6 million, reflecting a gross margin of 36.7%. Net income was $80.2 million, or $1.04 EPS, including benefits from adjusted items. Despite supply chain challenges, the company opened new stores and expects flat to low-single digit sales growth in Q4 2021, with EPS guidance between $0.10 and $0.15.
Designer Brands Inc. (NYSE: DBI) will release its third quarter 2021 earnings on December 7, 2021. A conference call for discussing the results will occur at 8:30 AM ET, with a press release preceding it. Investors can join the call by dialing 888-317-6003 or 412-317-6061 internationally, using conference ID 7726369. The call will be streamed live, and an archived version will be available after the event until February 21, 2022. Designer Brands operates nearly 700 retail locations across its various banners.
Designer Brands Inc. (NYSE: DBI) will participate in two key investor conferences: Goldman Sachs' 28th Annual Global Retailing Conference on September 10 and CL King's 19th Annual Best Ideas Conference on September 14.
Jared Poff, CFO, will deliver a fireside chat on September 10 at 1:40 p.m. ET. On September 14, Roger Rawlins, CEO, will join Poff for another chat at 9:30 a.m. ET. Both sessions will be webcast live via the company's Investor Relations page, with recordings available afterward.
Designer Brands Inc. (NYSE: DBI) reported strong Q2 fiscal 2021 results, with net sales rising 66.9% to $817.3 million compared to the previous year. Comparable sales surged 84.9%, and gross profit increased to $284.7 million, yielding a gross margin of 34.8%. Net income for the quarter was $42.9 million, or $0.55 per share, with adjusted net income at $43.4 million, or $0.56 per share. Despite a reduction in cash reserves to $46.5 million, debt decreased to $247.1 million. The company did not open new stores, closing three locations instead.
Designer Brands Inc. (NYSE: DBI) announced that it will release its second quarter 2021 earnings on August 31, 2021. The earnings call is scheduled for 8:30 am ET, where management will discuss the results. Investors can participate by dialing US: 888-317-6003 or international: 412-317-6061, using conference ID 1270514. A live webcast will also be available, and an archived version can be accessed until September 14, 2021. Designer Brands operates nearly 700 retail locations and produces footwear through Camuto Group.
Designer Brands Inc. (DBI) announced an exclusive distribution partnership with Wolverine Worldwide (WWW) for Hush Puppies in North America. Starting in 2022, DSW Designer Shoe Warehouse will be the sole in-store distributor of Hush Puppies, enhancing its retail presence in the U.S. and Canada. This collaboration aims to align consumer profiles and elevate brand awareness. Hush Puppies will exit other North American retail channels while maintaining online sales. DSW operates over 600 stores and boasts 400 million e-commerce visits annually.
Designer Brands Inc. (NYSE: DBI) has announced two key executive appointments aimed at enhancing its market performance and customer engagement. Debbie Ferrée has been appointed President of Camuto Group, while William Jordan takes on the role of President of Designer Brands. Both leaders will focus on integrating Camuto Group into DBI and enhancing organizational efficiency. The company highlighted the strength of its owned brands that represented 15 of the top 25 selling items at DSW in Q1 2021. CEO Roger Rawlins emphasized the need for strong leadership to navigate the evolving retail landscape.
Designer Brands Inc. (NYSE: DBI) reported a return to profitability for the first time since COVID-19, with net income of $17.0 million or $0.22 per share. Net sales soared 45.6% to $703.2 million, and comparable sales increased 52.2% in Q1 fiscal 2021. Gross profit surged to $216.1 million from a loss of $26.5 million last year. The gross margin rate improved to 30.7%. Although cash reserves fell to $49.3 million, debt decreased to $337.4 million. The company opened two stores in the U.S. and two in Canada during this quarter.
Designer Brands Inc. (NYSE: DBI) will release its first quarter 2021 earnings on May 26, 2021. Management is set to discuss the results in a conference call at 4:30 PM E.T., with details provided in a press release prior. Investors can participate by calling 888-317-6003 or accessing the live webcast at DBI 1Q21 Earnings Webcast. A replay will be available until June 9, 2021.
Lids has partnered with Designer Brands, Inc. (NYSE: DBI) to introduce licensed sports products in Canada, marking Lids' first entry in the country. The collaboration involves 130 Lids storefronts within 45 locations of DSW Designer Shoe Warehouse and The Shoe Company, featuring shop-in-shop concepts. Customers can expect headwear and jerseys from major Canadian sports teams, with products also available online. This partnership follows Lids' expansion that included the addition of 70 stores during the pandemic and its status as North America's largest headwear retailer.
FAQ
What is the current stock price of Designer Brands (DBI)?
What is the market cap of Designer Brands (DBI)?
