Designer Brands slumps after withdrawing annual forecasts

Designer Brands

10/06/2025 14:54

Updates

** Shares of footwear retailer Designer Brands DBI.N slide 22.8% to $2.88 in early trading

** Company withdraws its full-year forecasts, provided in March, due to macroeconomic uncertainty stemming primarily from global trade policies

** Q1 net sales decrease 8% to $686.9 million, co reports adjusted loss per share of 26 cents

** Quarterly comparable sales fall 7.8%, compared with a 2.5% drop a year ago

** We have shifted our near-term focus to amplifying value in our retail channels, preserving margins, controlling costs, and mitigating the impact of tariffs as part of our response to this volatility - CEO Doug Howe

** DBI set for its worst day since April 3, if losses hold

** Up to last close, stock had fallen 30.2% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

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