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0 -0.00122399020807831 0.0104283965728275 0.0122399020807835 0.0257037943696451 0.0379436964504285 0.0367197062423502 0.0367197062423502
Stock impact report

Why Is Designer Brands (DBI) Stock Soaring Today [Yahoo! Finance]

Designer Brands Inc. Class A (DBI) 
Last designer brands inc. class a earnings: 3/17 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Shares of footwear and accessories discount retailer Designer Brands (NYSE:DBI) jumped 9.1% in the afternoon session after the company reported third-quarter adjusted earnings that significantly beat analyst expectations. Designer Brands posted adjusted earnings per share of $0.38, which was more than double the Wall Street consensus estimate of about $0.18. This represented a surge of over 40% compared to the same period in the previous year. The strong profit performance came even as the company's net sales decreased by 3.2%. The beat on the bottom line was driven by a 210-basis point improvement in gross margin and disciplined management of inventory and expenses. The results suggested the company's turnaround efforts were taking hold, boosting investor confidence. Show less Read more
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