Designer Brands: Stumbling On The Earnings Runway
DBIDesigner Brands(DBI) Seeking Alpha·2024-09-13 02:46

Nikola Stojadinovic Thesis Designer Brands Inc. (NYSE:DBI) has dropped the ball in its latest earnings report as they posted a Q2 2024 non-GAAP EPS of 0.29,missingestimatesby0.29, missing estimates by 0.24. Seeking Alpha Revenue also came up short, off by $44.24 million. Seeking Alpha Sure, athleisure and back-to-school sales looked better, but the company's still got big problems: profitability is down, debt is climbing, and the recovery isn't as strong as hoped. My analysis argues that even with some positive signs, the finan ...