Designer Brands' Q2 Struggles: Earnings Miss, Comparable Sales Decline, And Outlook Cut

Designer Brands Inc. (NYSE:DBI) shares are trading lower on Wednesday.

The company reported second-quarter adjusted earnings per share of 29 cents, missing the street view of 53 cents. Quarterly sales of $771.9 million missed the analyst consensus of $816.137 million.

Designer Brands reported a decrease in net sales of 2.6%. Total comparable sales also declined by 1.4%.

“We saw sustained pressure on challenged categories such as dress and seasonal in the second quarter, which we were able to partially mitigate through providing a greater selection of athletic and ...