Designer Brands jumps after upbeat annual forecasts, quarterly sales rise

Designer Brands

20/03/2025 17:55

** Shares of footwear retailer Designer Brands DBI.N rises as much as 13.7% at $4.32

** Co forecasts annual net sales growth in low single digits, compared with a 2.1 decrease in 2024, and EPS between 30 cents and 50 cents compared to a loss of 20 cents in 2024

** Q4 comparable sales increased by 0.5%, compared to a 7.4% decline a year ago, while adjusted EPS of 44 cents in line with last year

** Telsey Advisory Group says the FY25 guide represents a return to growth for the company after executing on its strategic initiatives across product, marketing, and customer experience

** However, adds that customers are being pressured with ongoing inflation in the near term and that overall footwear market remains challenged

** DBI is down 25% YTD, including session moves

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))