==Designer Brands (DBI) reported earnings on Thur 7 Sep 23 (b/o)

 

Designer Brands beats by $0.15, beats on revs; reaffirms FY24 EPS guidance; Q2 comps +8.9%

• Reports Q2 (Jul) earnings of $0.59 per share, $0.15 better than the FactSet Consensus of $0.44; revenues fell 5.4% year/year to $813 mln vs the $787.94 mln FactSet Consensus.
• Q2 Total comparable sales decreased by 8.9%
• Gross profit decreased to $273.4 million versus $295.7 million last year, and gross margin was 34.5% compared to 34.4% for the same period last year.
• Co reaffirms guidance for FY24, sees EPS of $1.20-1.50 vs. $1.29 FactSet Consensus. Co reaffirms FY23 net sales Down mid- to high-single digits (FactSet consensus -6%).

==Designer Brands (DBI) reported earnings on Thur 1 Dec 22 (b/o)

 ** charts before earnings **

** charts after earnings **

Designer Brands misses by $0.05, misses on revs; guides FY23 EPS below consensus

• Reports Q3 (Oct) earnings of $0.67 per share, $0.05 worse than the S&P Capital IQ Consensus of $0.72; revenues rose 1.4% year/year to $865 mln vs the $876.72 mln S&P Capital IQ Consensus.
  • Comparable sales up 3.0% on top of comparable sales of 40.8% for the third quarter of 2021
• Co lowers guidance for FY23, sees EPS of $1.75-1.80 vs. $2.06 S&P Capital IQ Consensus. This is down from $2.05-2.15.
  • Co reaffirms FY23 Comparable Sales Growth of mid-single digits.

Earnings this week : Nov 28 - Dec 2, 22 (wk 48)

Monday (Nov 28)

• Afternoon: ARWR AZEK

Tuesday (Nov 29)

• Morning: BNS BZUN BILI CRNC HIBB SJR
• Afternoon:  CMP CRWD HPE INTU NTAP WDAY

Wednesday (Nov 30)

• Morning:  DCI FRO HRL BEKE LESL WOOF RY SFL TITN
• Afternoon:  BOX CRDO ESTC FIVE GIII LZB NCNO NTNX OKTA PSTG PVH CRM SMTC SNOW SPLK SNPS VSCO YEXT

Thursday (Dec 1)

• Morning: BMO BIG CM DBI DG KR PDCO SCWX TD
• Afternoon:  AMBA AOUT ASAN CHPT IOT  MRVL PD SMAR PATH ULTA VEEV ZS ZUMZ

Friday (Dec 2)  

• Morning:  CBRL GCO

This week's biggest % winners & losers : Dec 9 - 13, 19 (wk 50)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: THOR (68.03 +171.79%), ARQL (20.07 +107.6%), DERM (12.7 +61.17%), TGTX (10.1 +41.85%), FATE (18.79 +37.45%), CLVS (12.86 +33.82%), ASMB (21.46 +30.61%), AMRX (4.76 +29.35%), ITCI (12.83 +25.74%), RUBY (13.11 +23.45%), DCPH (64.63 +22.41%)
• Industrials: BE (6.78 +28.41%)
• Information Technology: PLAB (15.94 +29.07%), ARLO (4.21 +28.35%)
• Energy: AM (5.85 +30.29%), AR (2.69 +22.83%), DNR (1.26 +22.33%)

This week's top % losers

• Healthcare: SGMO (8.51 -27.02%), OMI (5.51 -26.92%), ATNX (14.55 -18.03%), NXGN (14.77 -17.51%), MDGL (97.45 -16.85%), SPPI (8.36 -15.04%)
• Consumer Discretionary: CONN (12.59 -35.17%), LOVE (10.74 -28.21%), PLCE (54.11 -22.51%), VNCE (17.37  -21.76%), GME (5.45 -18.41%), DBI (15.04  -9.56%)
• Information Technology: PI (26.03 -15.43%)
• Financials: SBT (7.13 -24.55%), TREE (288.86 -17.67%)
• Consumer Staples: UNFI (6.84 -29.48%)

-=Designer Brands (DBI) reported earnings on Tue 10 Dec 19 (b/o)

Designer Brands misses by $0.07, reports revs in-line; Q3 comps +0.3%; lowers FY20 EPS guidance below consensus 

Reports Q3 (Oct) earnings of $0.67 per share, $0.07 worse than the S&P Capital IQ Consensus of $0.74; revenues rose 12.4% year/year to $936.3 mln vs the $935.03 mln S&P Capital IQ Consensus.

Comparable sales increased 0.3% for third quarter of fiscal 2019 compared to a 7.3% increase in the third quarter of fiscal 2018.

Co issues lowered guidance for FY20, sees EPS of $1.50-1.55 from $1.87-1.97, excluding non-recurring items, vs. $1.88 S&P Capital IQ Consensus.

Roger Rawlins, Chief Executive Officer, stated, "We continued to make progress on our strategic initiatives and the integration of our acquisitions. At the same time, we faced several meaningful headwinds during the third quarter that impacted our results and will likely continue for the upcoming quarters. The near-record warm weather during our largest and most profitable quarter affected every segment of our business. And, while we are extremely proud of the results we've achieved, substantially mitigating the very material footwear tariffs that were recently enacted, the mitigation effort itself has had repercussions which have weighed heavy on our results."

Earnings this week : Dec 9 - 12, 19 (wk 50)

Monday (Dec 9)

• Morning: THO
• Afternoon: CDMO CASY CHWY ROAD MDB PHR SFIX TOL MTN

Tuesday (Dec 10)

• Morning: AZO CMD CONN DBI HDS
• Afternoon: PLAY GME OLLI

Wednesday (Dec 11)

• Morning: AEO PLAB PLCE UNFI VRA
• Afternoon: LULU MESA NDSN OXM NX TLRD

Thursday (Dec 12)

• Morning: CIEN LOVE
• Afternoon: ADBE AVGO COST ORL

Friday (Dec 12) 

• None 

 Notable earnings reports: 
Casey's General Stores (NASDAQ:CASY), Chewy (NYSE:CHWY), MongoDB (NASDAQ:MDB), Stitch Fix (NASDAQ:SFIX), Toll Brothers (NYSE:TOL), Vail Resorts (NYSE:MTN) on December 9; AutoZone (NYSE:AZO), Dave & Buster's (NASDAQ:PLAY) and GameStop (GME) on December 10; American Eagle Outfitters (NYSE:AEO), Lululemon (LULU) and Tailored Brands (NYSE:TLRD) on December 11; Nio (NYSE:NIO), Adobe (NASDAQ:ADBE), Broadcom (NASDAQ:AVGO), Costco (NASDAQ:COST) and Oracle (NYSE:ORCL) on December 12.

DSW (DSW) changes its corporate name to Designer Brands (DBI)

In March 2019, DSW rebranded their corporate name to Designer Brands. The company also changed its ticker symbol on the NYSE from "DSW" to "DBI" effective April 2, 2019.