Designer Brands Inc. (NYSE:DBI) is reporting second quarter financial results on Thursday 3rd September 2020, before market open.
According to analysts surveyed by Thomson Reuters, DBI is expected to report 2Q20 loss of $ 0.9 per share from revenue of $ 596.46 million.
For the full year, analysts anticipate top line of $ 2689.70 million, while looking forward to loss of $ 2.7 per share bottom line.
Previous Quarter Performance
Designer Brands Inc. unwinded loss for the first quarter of $ 1.83 per share, from the revenue of $ 482.78 million. Wall street analysts are predicting, DBI to report 1Q20 loss of $ 0.60 per share from revenue of $ 481.16 million. The bottom line results missed street analysts by $ 1.23 or 205 percent, at the same time, top line results outshined analysts by $ 1.62 million or 0.34 percent.
Stock Performance
Shares of Designer Brands Inc. traded up $ 0.29 or 3.66 percent on Wednesday, reaching $ 8.08 with volume of 2.03 million shares. The stock opened positive for the day at $ 7.79, after closing the previous day trading at $ 7.79.
According to the previous trading day, closing price of $ 7.79, representing a 199.62 % increase from the 52 week low of $ 2.60 and a 59.17 % decrease over the 52 week high of $ 19.08.
The company has a market capital of $ 582.27 million and is part of the Consumer Cyclical sector and Apparel Stores industry.
Conference Call
Designer Brands Inc. will be hosting a conference call at 8:30 AM eastern time on 3rd September 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 888-317-6003 Toll Free or 412-317-6061 (International), with passcode : 9992953 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.webcaster4.com/Webcast/Page/1213/36616
Designer Brands Inc. designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America. It operates through three segments: The U.S.
