Designer Brands Q1 Adj EPS $0.21 Misses $0.23 Estimate, Sales $742.08M Miss $754.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Designer Brands (NYSE:DBI) reported Q1 adjusted earnings of $0.21 per share, missing the $0.23 estimate, and sales of $742.08 million, missing the $754.28 million estimate. This represents a 56.25% decrease in earnings and a 10.65% decrease in sales compared to the same period last year.
June 08, 2023 | 10:49 am
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Designer Brands' Q1 earnings and sales missed estimates, with a 56.25% decrease in earnings and a 10.65% decrease in sales compared to last year.
Designer Brands' Q1 earnings and sales both missed analyst estimates, with significant decreases compared to the same period last year. This negative performance is likely to have a short-term negative impact on the stock price, as investors may be concerned about the company's ability to meet expectations and generate growth.
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