Designer Brands Lifts Guidance on Brand Growth

Designer Brands has boosted its full-year earnings targets, projecting adjusted diluted EPS between 47 and 52 cents after a second quarter where net income nearly doubled year-over-year. The retailer’s brand portfolio segment delivered impressive growth that offset broader retail softness and weather-related headwinds, leading to a positive pre-market stock reaction.
Shares of Designer Brands climbed in pre-market trading following the release of second-quarter figures, which showed a 66.7% surge in net income to $17.6 million and an adjusted EPS of 34 cents, significantly beating the 26-cent analyst consensus reported by GN markets/earnings (en-US). The company’s full-year outlook was sharpened, with adjusted EPS guidance raised to a range of 47-52 cents from the previous 28-38 cents, driven by strong performance in its brand portfolio segment.
Source: GN markets/earnings (en-US)Designer Brands raised full-year earnings targets as its portfolio segment outpaced retail weakness, despite weather impacts on seasonal sales.
Source: GN markets/earnings (en-US)






