Designer Brands Inc. (NYSE:DBI) shares climbed about 12% in premarket trading Tuesday after the footwear retailer posted stronger-than-expected second-quarter results.
Earnings per share came in at $0.34, well above the $0.14 consensus. Revenue reached $739.8 million, ahead of estimates of $730.6 million. Comparable sales fell 5% year-over-year but improved sequentially.
“Our second quarter results were highlighted by a 280-basis point sequential improvement in comparable sales from the first quarter, underscoring the impact of our targeted operational initiatives,” said CEO Doug Howe. He noted that the initiatives supported a strong start to the back-to-school season in the U.S. retail segment, with better traffic trends and higher conversion.
The company said it would not reinstate full-year 2025 guidance due to uncertainty tied to global trade policies and tariffs.
