DBI Earnings Prediction
The chart below shows how DBI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DBI sees a +4.21% change in stock price 10 days leading up to the earnings, and a -0.57% change 10 days following the report. On the earnings day itself, the stock moves by -3.24%. This data can give you a slight idea of what to expect for the next quarter's release.
DBI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
786.33M
-9.10%
-0.74%
Gross Margin
32.61%
-1.30%
-5.51%
Operating Margin
3.50%
-52.51%
-53.15%
Net Margin
1.30%
-75.10%
-72.34%
EPS
0.17
-73.85%
-69.64%
No Data Available
DBI Earnings Analysis
Designer Brands Inc. Corporation (DBI.N) Earnings Conference Call
Positive
Footwear Sales Growth: Dustin Haugenstein reported that for Q3, DSW footwear sales grew 8% versus prior year, outpacing the footwear market results.
Operating Income Improvement: The company's adjusted operating income improved roughly 40% compared to last year, taking it to $43.6 million.
Sales Performance Surge: Top 8 brands continued to drive positive performance with sales up 27% compared to the third quarter last year.
Inventory Position Improvement: The company ended the third quarter with inventories up 6% versus the prior year, indicating a healthy inventory position.
Major Share Repurchase Initiative: The company executed a significant share repurchase of $50.6 million worth of shares at an average price of $6.59 in Q3, marking the biggest share repurchase of the year.
Negative
Net Sales Decline: Net sales for Q3 2024 were down 1.2% compared to the prior year period and down 3.1% on a 13-week comparable basis.
Retail Segment Comp Decline: In the U.S. retail segment, comps were down 2.8% in the third quarter.
Seasonal Performance Challenges: The company saw a tough transition into the fall seasonal business due to unseasonably warm weather, which dampened performance in the last two months of the quarter.
Footwear Sales Performance: The footwear sales, excluding boots, remained flat compared to the prior year in the footwear market, while DSW footwear sales grew 8% versus prior year, outpacing the footwear market results.
Operating Income Improvement: The adjusted operating income was $43.6 million, an improvement over $31.4 million last year, but the company faced significant challenges in seasonal categories.
DBI FAQs
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DBI Earning Call Sentiment
Designer Brands (DBI) Q3 2024 Earnings Call Transcript
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DBI.N
0.21%Positive
The earnings call summary indicates several challenges: reduced earnings guidance, declining net sales, increased inventory, and higher interest expenses. Despite some growth in athletic categories and a significant share repurchase, the overall sentiment is negative due to consumer spending pullbacks, weather impacts, and competitive pressures. The Q&A section highlights management's cautious stance and lack of clarity on certain issues. These factors, combined with negative financial guidance revisions, suggest a likely negative stock price movement in the short term.
