Designer Brands Lowers FY24 Outlook: Sees Adjusted EPS Of $0.50 - $0.60 Vs. $0.76 Estimate (Prior View: $0.70 - $0.80)
Portfolio Pulse from Nabaparna Bhattacharya
Designer Brands has lowered its fiscal year 2024 outlook, now expecting adjusted EPS between $0.50 and $0.60, down from the previous range of $0.70 to $0.80. This is below the analyst estimate of $0.76.
September 11, 2024 | 10:51 am
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Designer Brands has revised its FY24 adjusted EPS guidance downward to $0.50-$0.60, which is below the analyst consensus of $0.76. This suggests potential challenges in meeting financial expectations.
The downward revision of EPS guidance indicates potential financial challenges or lower-than-expected performance, which is likely to negatively impact investor sentiment and the stock price in the short term.
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