Markets.News
back to home feed
Designer Brands likely to report lower Q2 earnings as analysts forecast 22 cents per share, down from 29 cents last year. Shares closed at $4.41, gaining 11.1%.
Designer Brands Inc. (NYSE: DBI) is scheduled to announce its second-quarter earnings before the market opens on Tuesday, September 9. Analysts predict earnings of 22 cents per share for the Columbus, Ohio-headquartered company, a decrease from 29 cents per share reported in the same period last year. The company is expected to reveal quarterly revenue of $737.85 million, down from $771.9 million a year ago. In a previous update on June 10, Designer Brands reported disappointing Q1 results below expectations and retracted its FY25 guidance due to uncertainties in the macroeconomic environment. Following this news, Designer Brands shares surged by 11.1% to close at $4.41. For more details, the full article can be found on Benzinga.com.