Designer Brands Sees FY24 Net Sales Growth In Low-single Digits; EPS Of $0.70 - $0.80 Vs. $0.66 Est.
Portfolio Pulse from Benzinga Newsdesk
Designer Brands forecasts FY24 net sales growth in the low-single digits and expects EPS to be between $0.70 and $0.80, surpassing the estimated $0.66.
March 21, 2024 | 10:51 am
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Designer Brands anticipates FY24 net sales growth in low-single digits and an EPS of $0.70 - $0.80, exceeding the $0.66 estimate.
The positive earnings projection for FY24, with an EPS forecast that exceeds current estimates, is likely to instill investor confidence in Designer Brands. This optimistic outlook, especially when surpassing analyst expectations, typically results in a positive short-term impact on the stock price.
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IMPORTANCE 90
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