Designer Brands reports Q4 adjusted EPS (44c), consensus (49c)

Reports Q4 revenue $713.57M, consensus $719.32M. Total comparable sales increased by 0.5%. “Positive comparable sales in the fourth quarter reflect a return to growth for the first time in nine quarters, highlighting the success of our strategic initiatives throughout the year,” stated Doug Howe, CEO. “This year’s achievements are a direct result of our decisive actions and commitment to refresh and strengthen our leadership, revitalize and modernize our assortment, refine our marketing strategies, right size our brand portfolio, and elevate our customers’ omnichannel experience.”