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0 0 0.00125078173858659 0.00437773608505318 0.00250156347717318 0.0112570356472795 0.000625390869293184 -0.00312695434646659
Stock impact report

Why Designer Brands (DBI) Shares Are Trading Lower 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
company reported mixed third-quarter results, with an earnings beat overshadowed by a sales miss and declining comparable sales. Designer Brands announced adjusted earnings per share of 38 cents, which was better than the analyst consensus estimate of 18 cents. However, the company's sales figures appeared to weigh on investor sentiment. Quarterly sales came in at $752.4 million, missing the Street's view and representing a 3.2% decrease compared to the same period in the previous year. Furthermore, total comparable sales, a key indicator of a retailer's health, also fell by 2.4%. The negative reaction in the market suggested that concerns about the falling sales outweighed the positive earnings surprise. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Designer Brands? Access our full analysis report here Designer Brands's shares are extremely volatile and have had 74 moves greater than 5% Show less Read more
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