Designer Brands (DBI) To Report Earnings Tomorrow: Here Is What To Expect
Footwear and accessories discount retailer Designer Brands (NYSE:DBI) will be announcing earnings results tomorrow before the bell. Here's what investors should know.
Last quarter Designer Brands reported revenues of $786.3 million, down 9.1% year on year, missing analyst expectations by 4.4%. It was a weak quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts' revenue estimates.
Is Designer Brands buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Designer Brands's revenue to decline 1.7% year on year to $747.3 million, improvement on the 7.5% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.46 per share.
The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing 3 upwards revisions over the last thirty days. The company missed Wall St's revenue estimates five times over the last two years.
Looking at Designer Brands's peers in the apparel and footwear retail segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Genesco delivered top-line growth of 1.9% year on year, beating analyst estimates by 4.8% and American Eagle reported revenues up 12.2% year on year, exceeding estimates by 0.6%. Genesco traded down 2.7% on the results, and American Eagle traded up 12.1%.
Read our full analysis of Genesco's results here and American Eagle's results here.
Investors in the apparel and footwear retail segment have had steady hands going into the earnings, with the stocks up on average 1.6% over the last month. Designer Brands is up 25.2% during the same time, and is heading into the earnings with analyst price target of $9.3, compared to share price of $11.14.
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