Designer Brands up after raising annual forecasts
BUZZ-Designer Brands up after raising annual forecasts ** Shares of footwear retailer Designer Brands DBI.N up ~3% at $5.40 premarket
** Co raises full-year 2026 forecasts after beating Q2 profit estimates, helped by higher margins and double-digit growth in its Brand Portfolio business which includes labels such as Keds and Vince Camuto
** Expects annual change in net sales to range from flat to growth of 1%, versus its prior forecast of a 1% decline to 1% growth
** Sees annual adjusted EPS between $0.47 and $0.52, compared with its previous forecast of $0.28 to $0.38
** Reports Q2 EPS of 34 cents, beating analysts' estimates of 26 cents - data compiled by LSEG
** Quarterly net sales came in at $730.6 million, versus expectations of 744.7 million
** Up to last close, stock down ~30% YTD
(Reporting by Shania S Thomas in Bengaluru)