Quarterly ResultMay 7, 2026, 04:03 PM
Designer Brands Fiscal 2025 Net Sales $2.9B; Annual Meeting Set
AI Summary
Designer Brands Inc. reported fiscal 2025 net sales decreased 3.9% to $2.9 billion, with a net loss of $8.4 million and diluted EPS of -$0.17, despite gross margin expanding to 43.6%. The company announced its 2026 Annual Meeting of Shareholders for June 17, 2026, where shareholders will vote on director elections, auditor ratification, executive compensation, and amendments to the Code of Regulations. Designer Brands also highlighted its ongoing business transformation, including organizational changes and strategic priorities for fiscal 2026, and its ESG efforts.
Key Highlights
- Fiscal 2025 net sales decreased 3.9% to $2.9 billion.
- Total comparable sales decreased by 4.3% in fiscal 2025.
- Fiscal 2025 gross margin increased to 43.6% from 42.7%.
- Fiscal 2025 net loss was $8.4 million, diluted EPS -$0.17.
- 2026 Annual Meeting of Shareholders scheduled for June 17, 2026.
- Shareholders to vote on election of four Class I directors.
- Proposals include auditor ratification and advisory vote on 2025 executive compensation.
- Amendments to the Code of Regulations for governance updates are proposed.