Designer Brands Inc. (DBI) Tops Q3 EPS by 22c

Designer Brands Inc. (NYSE: DBI) reported Q3 EPS of ($0.26), $0.22 better than the analyst estimate of ($0.48). Revenue for the quarter came in at $652.9 million versus the consensus estimate of $650.63 million.

• Comparable sales decreased 30.4% for the third quarter of fiscal 2020 compared to a 0.3% increase in the third quarter of fiscal 2019.

2020 GuidanceWe continue to monitor and evaluate the impact of the COVID-19 pandemic and, given the prolonged uncertainty surrounding the impacts of COVID-19, the Company is not providing guidance at this time.

For earnings history and earnings-related data on Designer Brands Inc. (DBI) click here.

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