From Yahoo Finance: 2025-06-10 10:06:00

Designer Brands Inc. (NYSE:DBI) shares are down after reporting first-quarter results. The company posted an adjusted loss of 26 cents per share, missing expectations, with sales of $686.91 million (down 8% YoY) also falling short. CEO Doug Howe cited a challenging start to 2025, with gross profit and margin declining. Debt increased to $522.9 million, while cash and cash equivalents rose to $46 million. The company aims for $20-30 million in cost savings this year and will not provide full-year guidance due to global trade uncertainties. DBI shares are trading lower by 24.8% at $2.80.



Read more at Yahoo Finance: Designer Brands Sounds Tariff Alarm After Weak Quarter, Stock Plummets