the shoe company news and archive

Designer Brands Q1 comparable sales increase by 15.3 percent

For the three months ended April 30, 2022, Designer Brands Inc. reported net sales increase of 18.1 percent to 830.5 million dollars and comparable sales increase of 15.3 percent. Gross profit for the quarter increased to 275.7 million dollars and gross margin as a percentage of net sales was 33.2 percent as compared to 30.7 percent last year....

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Designer Brands sets revenues target of 4 billion dollars for FY26

Designer Brands Inc. expects to reach a revenue target of 4 billion dollars by fiscal 2026. The company said in a release that it anticipates achieving gross profit margin of 35 percent, operating margin of 9 percent improving over 200 basis points, EPS range of 2.75 dollars to 2.85 dollars and generation of over 1 billion dollars of cash from...

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Designer Brands' Q4 comparable sales increase by 36.9 percent

Fourth quarter net sales at Designer Brands Inc. increased 35 percent to 822.6 million dollars, while comparable sales increased by 36.9 percent. Gross profit increased to 254.2 million dollars and gross margin as a percentage of net sales was 30.9 percent compared to 22.2 percent for 2020 and 24.8 percent for the fourth quarter of 2019....

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Designer Brands' Q3 comparable sales increase 40.8 percent

Net sales at Designer Brands Inc. increased 30.7 percent to 853.5 million dollars in the third quarter of fiscal 2021 compared to the same period last year. The company said, comparable sales increased 40.8 percent during the quarter. Commenting on the third quarter results, Roger Rawlins, the company’s chief executive officer, stated: “Designer...

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Designer Brands' Q2 net sales increase 66.9 percent

For the second quarter, Designer Brands Inc. net sales increased 66.9 percent to 817.3 million dollars, while comparable sales increased 84.9 percent for the quarter. Reported net income in the second quarter was 42.9 million dollars or 55 cents per diluted share, while adjusted net income was 43.4 million dollars or 56 cents per diluted share....