Designer Brands Inc

For the period ended Nov 2, 2024. Filed Dec 10, 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.

Nov 2, 2024 · Filed Dec 10, 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		Nine months ended
(unaudited and in thousands, except per share amounts)	November 2, 2024	October 28, 2023	November 2, 2024	October 28, 2023
Net sales	$777,194	$786,329	$2,295,690	$2,320,628
Cost of sales	(529,749)	(529,923)	(1,550,262)	(1,553,096)
Gross profit	247,445	256,406	745,428	767,532
Operating expenses	(210,457)	(230,788)	(675,904)	(665,437)
Income from equity investments	3,584	2,503	9,019	6,972
Impairment charges	(17,756)	—	(17,756)	(649)
Operating profit	22,816	28,121	60,787	108,418
Interest expense, net	(11,565)	(8,767)	(34,161)	(22,296)
Non-operating income (expenses), net	(260)	(162)	(512)	83
Income before income taxes	10,991	19,192	26,114	86,205
Income tax benefit (provision)	2,223	(8,987)	2,067	(27,372)
Net income	13,214	10,205	28,181	58,833
Net income attributable to redeemable noncontrolling interest	(202)	(64)	(562)	(73)
Net income attributable to Designer Brands Inc.	$13,012	$10,141	$27,619	$58,760
Earnings per share attributable to Designer Brands Inc.:
Basic earnings per share	$0.25	$0.17	$0.50	$0.93
Diluted earnings per share	$0.24	$0.17	$0.48	$0.90
Weighted average shares used in per share calculations:
Basic shares	52,083	58,633	55,570	62,860
Diluted shares	53,486	61,405	57,116	65,292

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.