Designer Brands Inc

For the period ended Aug 3, 2024. Filed Sep 11, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Aug 3, 2024 · Filed Sep 11, 2024

DBI$6.43-3.3%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Operations

	Three months ended		Six months ended
(unaudited and in thousands, except per share amounts)	August 3, 2024	July 29, 2023	August 3, 2024	July 29, 2023
Net sales	$771,900	$792,217	$1,518,496	$1,534,299
Cost of sales	(518,986)	(518,830)	(1,020,513)	(1,023,173)
Gross profit	252,914	273,387	497,983	511,126
Operating expenses	(226,896)	(214,530)	(465,447)	(434,649)
Income from equity investments	2,571	2,138	5,435	4,469
Impairment charges	—	(308)	—	(649)
Operating profit	28,589	60,687	37,971	80,297
Interest expense, net	(11,035)	(6,932)	(22,596)	(13,529)
Non-operating income (expenses), net	(109)	579	(252)	245
Income before income taxes	17,445	54,334	15,123	67,013
Income tax provision	(3,363)	(17,079)	(156)	(18,385)
Net income	14,082	37,255	14,967	48,628
Net income attributable to redeemable noncontrolling interest	(258)	(51)	(360)	(9)
Net income attributable to Designer Brands Inc.	$13,824	$37,204	$14,607	$48,619
Earnings per share attributable to Designer Brands Inc.:
Basic earnings per share	$0.24	$0.57	$0.25	$0.75
Diluted earnings per share	$0.24	$0.56	$0.25	$0.73
Weighted average shares used in per share calculations:
Basic shares	57,162	65,576	57,313	64,973
Diluted shares	58,576	66,997	58,978	66,863

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