— 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
