Designer Brands: Branding Efforts Hit By Promotional Environment [Seeking Alpha]
Designer Brands Inc. Class A (DBI)
Last designer brands inc. class a earnings: 3/17 06:45 am
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Source: Seeking Alpha
FY2023 results beat expectations despite a 7.3% YoY sales decline. This appears to be a transition phase for Designer Brands with acquisitions and focus on owned brands amidst economic uncertainties. Designer Brands Inc. ( NYSE: DBI ) is focused on increasing its in-house branding strategy, which has helped improve gross profit margins while maintaining a strong supply of national brands, such as Nike ( NKE It has made significant acquisitions and renegotiated contracts with national brands over the years. However, the company has struggled with industry headwinds. The company recently released its FY2023 results , beating EPS and revenue expectations. However, sales have decreased YoY by 7.3% for the year. The company has faced a decline in consumer spending due to more cautious shopping behavior. It sells discretionary products that are easy to remove from the shopping list during hard economic times. This trend was common within the footwear industry, which contracted in Q3 an
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DBI
News
- Shareholders in Designer Brands (NYSE:DBI) have lost 57%, as stock drops 12% this past week [Yahoo! Finance]Yahoo! Finance
- AEO CEO Jay L. Schottenstein to Be Inducted Into World Retail Hall of Fame [Yahoo! Finance]Yahoo! Finance
- Topo Athletic Taps Tantrum Agency As New Creative Agency of Record [Yahoo! Finance]Yahoo! Finance
- Be Sure To Check Out Designer Brands Inc. (NYSE:DBI) Before It Goes Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Designer Brands Inc. (NYSE:DBI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
DBI
Earnings
- 3/21/24 - Beat
DBI
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- DBI's page on the SEC website