Categories Earnings, Retail

Designer Brands (DBI): Q4 2019 Earnings Snapshot

— Designer Brands Inc. (NYSE: DBI) reported Q4 2019 loss of $0.11 per share, vs. a loss of $0.06 expected.

— Sales fell 1.5% to $829 million, vs. $840 million expected.

— Comparable sales increased 0.7%.

— At quarter-end, the company had 666 stores operating in total.

— US Retail sales increased 0.5% to $658 million.

— Canada Retail sales fell 15% to $57.5 million.

— Brand Portfolio sales increased 3.5% to $103.2 million.

— Due to the COVID-19 situation, the company reduced its dividend to $0.10 per share from $0.25 per share, in order to preserve liquidity. The dividend is payable on April 10, 2020 to shareholders of record on March 30, 2020.

— DBI shares were down 11% in morning trade on Tuesday.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

MCD Earnings: McDonald’s comp sales up 12.6% in Q4; profit increases

Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter

GM Earnings: All you need to know about General Motors Q4 2022 earnings results

General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%

CAT Earnings: Highlights of Caterpillar’s Q4 2022 results

Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top