Designer Brands drops after swinging to quarterly loss
21/03/2024 12:00
** Shares of Designer Brands DBI.N fall 9% to $10.5
premarket after co swings to Q4 loss
** DBI reports loss/shr of 44 cents, down from a profit of 7
cents/share a year ago
** Co had also reported a profit of 24 cents/shr in Q3
** CEO Doug Howe says "2023 was a difficult year as we were
impacted by a softening footwear market, highly promotional
retail environment, and the impact of unseasonably warm weather
on our seasonal footwear business"
** Up to last close, stock had risen 30.1% YTD
(Reporting by Johann M Cherian in Bengaluru)
((johann.mcherian@thomsonreuters.com;))