Designer Brands stock falls after mixed Q1 results, as an earnings beat is offset by a sales miss and weaker comparable sales.
Designer Brands Inc.
(NYSE:DBI) shares traded lower after the company reported mixed first-quarter results, with earnings topping expectations as sales came in just shy of estimates.
Earnings Beat, Sales Roughly In Line Designer Brands reported first-quarter adjusted EPS of 7 cents, beating the 4-cent estimate.
Sales came in at $696.350 million, just below the $696.815 million estimate.
Net sales rose 1.4% year over year to $696.4 million, up from $686.9 million a year earlier.
While results underwhelmed, investors' attention is firmly on the company's Capital Markets Day Thursday, where CEO de Meo will…
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