Shares of Designer Brands Inc. rallied 3.6% in premarket trading, after the parent of the DSW shoe retailer reported fiscal second-quarter profit that beat...
Shares of Designer Brands Inc. DBI, -2.17% rallied 3.6% in premarket trading, after the parent of the DSW shoe retailer reported fiscal second-quarter profit that beat expectations and affirmed its full-year outlook. Net income for the quarter to July 29 fell to $37.2 million, or 56 cents a share, from $46.2 million, or 62 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 59 cents, which beat the FactSet consensus of 44 cents.
Net sales declined 7.8% to $792.2 million but were above the FactSet consensus of $787.9 million. Same-store sales fell 8.9%, missing the FactSet consensus of a 6.9% decline, as sales in the U.S. retail segment dropped 9.2% and in the Canada retail segment were down 7.3%. For fiscal 2023, the company said it expects near-term headwinds to persist, but it kept its 2023 EPS guidance range at $1.20 to $1.50.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Stock market today: European shares lower after mixed Asian trading as China property shares soarShares opened mostly lower in Europe and Asian shares were mixed as Chinese stocks were lifted by hopes for further support for the country's faltering property market.
Baca lebih lajut »
Stock market today: European shares lower after mixed Asian trading as China property shares soarShares opened mostly lower in Europe and Asian shares were mixed as Chinese stocks were lifted by hopes for further support for the country's faltering property market.
Baca lebih lajut »
Meet the ‘SkinCeuticals’ of K-Beauty Brands That's Using Snail Slime In Its ProductsYes, legit snail slime.
Baca lebih lajut »
45 Home Products That’ll Make You Feel Like An Interior DesignerI mean, you *should* have any honorary degree at this point from all the hours you've spent watching HGTV.
Baca lebih lajut »
Varsity Brands sells its Herff Jones high school, college graduation businessThe Farmers Branch-based company said it will retain the yearbook business but is selling the company that manufactures caps and gowns, announcements and...
Baca lebih lajut »