Designer Brands' Q2 Struggles: Earnings Miss, Comparable Sales Decline, And Outlook Cut
Portfolio Pulse from Nabaparna Bhattacharya
Designer Brands Inc. (NYSE:DBI) reported disappointing Q2 results with earnings and sales missing expectations. The company also lowered its fiscal year 2024 outlook, leading to a significant drop in its stock price.
September 11, 2024 | 12:22 pm
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Designer Brands reported Q2 earnings and sales below expectations, with a decline in net sales and gross profit. The company also lowered its fiscal year 2024 outlook, leading to a significant drop in its stock price.
The company's Q2 earnings and sales missed analyst expectations, and it lowered its fiscal year 2024 outlook. These negative financial results and outlook have led to a significant drop in the stock price, indicating a negative short-term impact.
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