Quarterly ResultJun 9, 2026, 04:12 PM
Designer Brands Inc. Swings to Profitability in Q1 2026
AI Summary
Designer Brands Inc. reported a strong turnaround in its first quarter of fiscal year 2026, with net income of $1.159 million compared to a net loss of $17.816 million in the prior year. Net sales saw a modest increase to $696.35 million. The company also reported positive operating profit and improved earnings per share. Total assets and liabilities decreased compared to the previous year.
Key Highlights
- Designer Brands Inc. reported net income of $1.159 million for the three months ended May 2, 2026, a significant improvement from a net loss of $17.816 million in the prior year period.
- Net sales increased to $696.35 million for the three months ended May 2, 2026, up from $686.91 million in the same period last year.
- Gross profit rose to $315.32 million from $294.48 million year-over-year.
- Operating profit turned positive at $18.87 million, compared to an operating loss of $7.91 million in the prior year.
- Basic earnings per share improved to $0.02 from a loss of $0.37 in the prior year.
- Total assets decreased to $1.998 billion as of May 2, 2026, from $2.093 billion as of May 3, 2025.
- Total liabilities decreased to $1.714 billion as of May 2, 2026, from $1.828 billion as of May 3, 2025.
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