Designer Brands Inc Stock Price, News & Analysis

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.

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.