Designer Brands Inc reported Q3 adjusted EPS of 38 cents, beating estimate of 18 cents. Sales were $752.4M, down 3.2% YoY. Total comp sales decreased by 2.4%. CEO noted progress in company transformation.
Designer Brands Inc (NYSE: DBI) exceeded expectations in the third quarter with an adjusted EPS of 38 cents, surpassing the estimated 18 cents. However, quarterly sales of $752.411 million were below the expected $763.400 million, marking a 3.2% decrease year over year. Total comparable sales also saw a 2.4% decline. CEO Doug Howe noted that the third quarter showcased progress in their transformation, with improvements in various financial and operating metrics. This information was shared on Benzinga.com.
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