Why Designer Brands Stock Was Diving Today
Shares of Designer Brands (NYSE: DBI) 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. Image source: Getty Images.
Designer Brands (DBI) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.59 per share a year ago.
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Designer Brands Inc. (NYSE:DBI) shares are trading lower on Wednesday. The company reported second-quarter adjusted earnings per share of 29 cents, missing the street view of 53 cents.
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