From Financial Modeling Prep: 2025-06-10 16:04:00

Designer Brands (NYSE:DBI) saw its shares plummet over 20% today after reporting a first-quarter adjusted loss of $0.26 per share, missing expectations by a wide margin. Revenue of $686.9 million fell 8% YoY, with comparable sales down 7.8%, prompting the company to withdraw its full-year forecast due to economic challenges.

The company’s decision to scrap its full-year 2025 guidance reflects concerns over economic and geopolitical uncertainties, leading to plans for $20-30 million in cost reductions. The weak performance and uncertain outlook have investors on edge, causing the stock to nosedive intra-day by over 20%.



Read more at Financial Modeling Prep:: Designer Brands Plunges 20% After Disappointing Q1…