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.

Also Read:  BlackBerry (BB) stock gains after Q2 results beat view

Most Popular

Palantir Technologies (PLTR) to start trading tomorrow through direct listing

The IPO market witnessed a boom in 2020, despite the pandemic weakening the macro environment. Many tech companies have witnessed a blockbuster listing this year and few more tech firms

Micron (MU) Q4 earnings, revenue top expectations

Micron Technology Inc. (NASDAQ: MU) reported strong earnings and revenue growth for the fourth quarter of 2020, benefitting from the pandemic-driven digital transformation spree. However, the company's stock dropped during

After a strong year thus far, Zynga (ZNGA) appears well-positioned for 2021 as well

Mobile game company Zynga Inc. (NASDAQ: ZNGA) has seen its stock gain 49% since the beginning of this year. The company registered strong results in the first half of 2020

Tags

Top