Designer Brands Inc
For the period ended Feb 3, 2024. Filed Mar 25, 2024.
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FY2024 · Filed Mar 25, 2024
DBI$6.75+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| (in thousands, except per share amounts) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net sales | $3,074,976 | $3,315,428 | $3,196,583 |
| Cost of sales | (2,100,090) | (2,236,203) | (2,127,946) |
| Gross profit | 974,886 | 1,079,225 | 1,068,637 |
| Operating expenses | (907,041) | (896,382) | (870,682) |
| Income from equity investments | 9,390 | 8,864 | 8,986 |
| Impairment charges | (4,834) | (4,317) | (1,720) |
| Operating profit | 72,401 | 187,390 | 205,221 |
| Interest expense, net | (32,171) | (14,874) | (32,129) |
| Loss on extinguishment of debt and write-off of debt issuance costs | — | (12,862) | — |
| Non-operating expenses, net | (33) | (130) | (67) |
| Income before income taxes | 40,197 | 159,524 | 173,025 |
| Income tax benefit (provision) | (10,981) | 3,142 | (18,544) |
| Net income | 29,216 | 162,666 | 154,481 |
| Net loss (income) attributable to redeemable noncontrolling interest | (154) | 10 | — |
| Net income attributable to Designer Brands Inc. | $29,062 | $162,676 | $154,481 |
| Earnings per share attributable to Designer Brands Inc.: | |||
| Basic earnings per share | $0.47 | $2.41 | $2.12 |
| Diluted earnings per share | $0.46 | $2.26 | $2.00 |
| Weighted average shares used in per share calculations: | |||
| Basic shares | 61,296 | 67,603 | 73,024 |
| Diluted shares | 63,375 | 72,101 | 77,268 |
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