Designer Brands Inc. stock rose by 1.3% after CEO Doug Howe said he was pleased with the footwear retailer’s first-quarter results, although the company...
Designer Brands Inc. stock DBI rose by 1.3% after CEO Doug Howe said he was pleased with the footwear retailer’s first-quarter results, although the company missed its profit and revenue targets and lowered its earnings view for the year as it absorbs its acquisition of Keds sneakers. Designer Brands said its first-quarter profit fell to $11.42 million, or 17 cents a share, from $26.18 million, or 34 cents a share, in the year-ago quarter.
3% after CEO Doug Howe said he was pleased with the footwear retailer’s first-quarter results, although the company missed its profit and revenue targets and lowered its earnings view for the year as it absorbs its acquisition of Keds sneakers. Designer Brands said its first-quarter profit fell to $11.42 million, or 17 cents a share, from $26.18 million, or 34 cents a share, in the year-ago quarter.
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