Designer Brands Q2 Adj EPS $0.59 Beats $0.44 Estimate, Sales $792.20M Beat $785.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Designer Brands (NYSE:DBI) reported Q2 adjusted earnings of $0.59 per share, beating the analyst consensus estimate of $0.44 by 34.09%. However, this is a 4.84% decrease from the same period last year. The company also reported quarterly sales of $792.20 million, beating the analyst consensus estimate of $785.74 million by 0.82%, but this is a 7.81% decrease from the same period last year.
September 07, 2023 | 10:46 am
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Designer Brands beat Q2 earnings and sales estimates but reported decreases from the same period last year.
While Designer Brands beat the Q2 earnings and sales estimates, the year-over-year decreases in both earnings and sales could potentially offset the positive impact of beating estimates. This mixed result makes the short-term price direction uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100