Why Designer Brands (DBI) Stock Is Nosediving [Yahoo! Finance]
Designer Brands Inc. Class A (DBI)
Last designer brands inc. class a earnings: 3/17 06:45 am
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Source: Yahoo! Finance
fourth-quarter results that missed analysts' same-store sales expectations despite a revenue beat. Full-year earnings guidance missed analysts' expectations, and its EPS missed Wall Street's estimates during the quarter. The results reflected the challenges faced in 2023, which management alluded to: 1.) Softening footwear market 2.) Highly promotional retail environment 3.) The impact of unseasonably warm weather on the footwear business. To turn the tide and improve the company's financial position, management highlighted the focus on more "trend-right assortment for customers" coupled with a cost-efficient workforce expansion. Overall, this was a mixed quarter for Designer Brands. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Designer Brands? Access our full analysis report here, it's free What is the market telling us: Designer Brands's shares are a little volatile and over the last
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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
- Designer Brands: Branding Efforts Hit By Promotional Environment [Seeking Alpha]Seeking Alpha
- 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
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