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researcher59

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Re: researcher59 post# 105479

Thursday, 09/07/2023 1:14:58 PM

Thursday, September 07, 2023 1:14:58 PM

Post# of 115059
DBI +1.72 to 12.10 after a solid earnings report -

briefing -

Designer Brands beats by $0.15, beats on revs; reaffirms FY24 EPS guidance; Q2 comps +8.9% (10.38 ) :

Reports Q2 (Jul) earnings of $0.59 per share, $0.15 better than the FactSet Consensus of $0.44; revenues fell 5.4% year/year to $813 mln vs the $787.94 mln FactSet Consensus.
Q2 Total comparable sales decreased by 8.9%
Gross profit decreased to $273.4 million versus $295.7 million last year, and gross margin was 34.5% compared to 34.4% for the same period last year.
Co reaffirms guidance for FY24, sees EPS of $1.20-1.50 vs. $1.29 FactSet Consensus. Co reaffirms FY23 net sales Down mid- to high-single digits (FactSet consensus -6%).
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