Designer Brands Lowers FY23 EPS Guidance To $1.20 - $1.50 (Prior View $1.65 - $1.75) Vs. $1.64 Est.
Portfolio Pulse from Benzinga Newsdesk
Designer Brands has lowered its FY23 EPS guidance to $1.20 - $1.50, down from the previous range of $1.65 - $1.75, and below the estimated $1.64.
June 08, 2023 | 10:52 am
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NEGATIVE IMPACT
Designer Brands has reduced its FY23 EPS guidance, which is now below the previous range and estimated value.
Designer Brands has lowered its FY23 EPS guidance, which is now below both the previous range and the estimated value. This could lead to a negative impact on the stock price as investors may perceive this as a sign of weaker future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100