Brief: Designer Brands Inc. Reports First Quarter 2023 Results

Designer Brands

08/06/2023 13:31

June 8 (Reuters) - Designer Brands Inc  DBI.N :
    * . REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS
    * QTRLY NET SALES DECREASED 10.7% TO $742.1 MILLION
    * Q1 EARNINGS PER SHARE VIEW $0.23, REVENUE VIEW $754.3
MILLION --
REFINITIV IBES DATA
    * DURING Q1 OF 2023, WE CLOSED TWO STORES IN U.S
    * SEES 2023 DESIGNER BRANDS NET SALES GROWTH, EXCLUDING KEDS
DOWN
MID- TO HIGH-SINGLE DIGITS
    * SEES 2023 DILUTED EPS EXCLUDING KEDS $1.20-$1.50
    * FY2023 EARNINGS PER SHARE VIEW $1.77, REVENUE VIEW $3.35
BILLION
-- REFINITIV IBES DATA

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