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Designer Brands Inc. (NYSE:DBI) raised its full-year earnings guidance on Thursday after reporting second-quarter adjusted earnings per share above analyst estimates, while revenue came in below expectations.
Adjusted EPS was $0.34, compared with an analyst estimate of $0.26. Revenue declined 1.2% year on year to $730.6 million from $739.8 million, below the consensus estimate of $745.09 million.
Shares of Designer Brands fell 1.34% in pre-market trading following the results.
The footwear retailer increased its full-year adjusted diluted EPS guidance to between $0.47 and $0.52 from its previous range of $0.28 to $0.38. The midpoint of the new range is $0.50, compared with an analyst consensus of $0.39.
