Designer Brands ( (DBI) ) has released its Q1 earnings. Here is a breakdown of the information Designer Brands presented to its investors.
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Designer Brands Inc. is a leading designer, producer, and retailer of footwear and accessories, known for its diverse portfolio of popular brands and a strong omni-channel presence across North America.
The company reported its first quarter 2025 financial results, highlighting a challenging start to the year due to an unpredictable macroeconomic environment and declining consumer sentiment. As a result, Designer Brands has shifted its focus to enhancing value in retail channels, preserving margins, and controlling costs.
Key financial metrics for the quarter include an 8% decrease in net sales to $686.9 million and a total comparable sales decline of 7.8%. The company reported a net loss of $17.4 million, or a diluted loss per share of $0.36, with adjusted net loss at $12.5 million. Despite these challenges, Designer Brands maintained liquidity with cash and cash equivalents totaling $46.0 million and available borrowings of $125.5 million under its credit facility.
In response to the ongoing economic uncertainty, Designer Brands has withdrawn its 2025 financial guidance and is not providing a full-year outlook. The company remains committed to executing initiatives within its control to build a customer-centered business positioned for long-term value creation.
Looking ahead, Designer Brands aims to navigate the current economic landscape by focusing on disciplined execution and leveraging its brand strength to create sustainable growth opportunities.