Why Designer Brands Stock Was Diving Today
DBIDesigner Brands(DBI) The Motley Fool·2024-09-12 02:16

Shares of the footwear fell on a disappointing earnings report. Shares of Designer Brands (DBI -14.03%) were falling today after the parent of DSW and other footwear brands posted disappointing results in its second-quarter earnings report and cut its guidance for the year. As a result, the stock was down 13.9% as of 1:10 p.m. ET on the news. Designer Brands continues to shrink In a difficult retail environment, Designer Brands said comparable sales fell 1.4%, leading to a 2.6% decline in revenue to $771.9 ...