DBI

Levi Strauss & Co. LEVI reported strong second-quarter fiscal 2026 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The denim apparel maker continued to benefit from healthy consumer demand, robust Direct-to-Consumer (DTC) momentum, broad-based international growth and improving profitability. Management raised its fiscal 2026 revenue and earnings outlook.The global denim leader reported adjusted earnings of 28 cents per share, which beat the Zacks Consensus Estimate of 24 cents by 16.7%. The bottom line also increased 27.3% from the 22 cents reported in the year-ago quarter.Quarterly net revenues increased 8% year over year to $1.56 billion, surpassing the Zacks Consensus Estimate of $1.52 billion by 2.5%. Organic revenues advanced 5.7%, reflecting balanced growth across regions, channels and product categories.Despite the earnings beat and higher full-year guidance, LEVI shares declined 5.5% following the earnings release. While management reaffirmed confidence in the business and highlighted broad-based growth, the company also noted that tariff and foreign exchange pressures remained headwinds and were embedded in its updated fiscal 2026 outlook. Levi Strauss & Co. price-consensus-eps-surprise-chart | Levi Strauss & Co. Quote Levi Strauss' DTC business remained the primary growth engine during the quarter. DTC revenues increased 10.8% on a reported basis and 8.4% organically, benefiting from higher store productivity and strong digital momentum. E-commerce revenues climbed 19% on a reported basis and 17% organically, while DTC comparable sales advanced 6%. The DTC channel accounted for 51% of total company revenues during the second quarter.Wholesale revenues grew 5.3% on a reported basis and 3.1% organically, reflecting healthy demand across retail partners. Beyond Yoga also performed strongly, with revenues increasing 15.8% year over year.The Zacks Consensus Estimate for the DTC and wholesale channels was pegged at $805 million and $734 million, respectively, for the fiscal second quarter.Management emphasized that the company's balanced growth strategy continued to generate momentum across wholesale and DTC, U.S. and international markets, women's and men's businesses, as well as tops and bottoms. Categories beyond denim bottoms contributed roughly one-third of quarterly revenue growth, highlighting Levi Strauss' transforma...

Levi Strauss & Co. LEVI is likely to register top and-bottom line growth when it reports second-quarter fiscal 2026 earnings on July 8, before market open. The Zacks Consensus Estimate for revenues is $1.52 billion, which indicates a rise of 4.8% from the year-ago quarter’s level.The consensus estimate for quarterly earnings has been stable over the past 30 days at 24 cents per share and indicates a rise of 9.1% from the year-earlier quarter’s tally.The company has an average trailing four-quarter earnings surprise of 21.4%. It delivered an earnings surprise of 13.5% in the last reported quarter. Levi Strauss’ quarterly performance is likely to have benefited from omnichannel initiatives and brand strength, including jeanswear. The company has been strengthening its omni capabilities, including Buy Online, Pick-up in Store, line-queuing, same-day delivery, mobile checkout and return capabilities, including contactless returns. This ensures a seamless shopping experience for customers across online and offline channels.The company is expanding its premium product offerings to attract higher-income consumers while maintaining value-oriented options for price-conscious shoppers. At the same time, Levi Strauss is streamlining its brand portfolio by placing greater emphasis on its flagship Levi's brand and other high-growth categories. The company continues to elevate its brands, invest in digital capabilities and diversify across geographies, product categories and distribution channels. These strategic initiatives, coupled with the strength of its direct-to-consumer business, are likely to have supported its quarterly performance. Such strengths, along with its solid direct-to-consumer business, are likely to have bolstered the quarterly performance. On its last earnings call, management had expected reported revenues to grow in the range of 4-5% for the second quarter and organic growth of 3-4%. The company’s mitigation efforts are likely to have fully offset the tariff impacts. It had anticipated an adjusted EBIT margin in the range of 8-9%, with EPS of 22-24 cents.The Zacks Consensus Estimate for quarterly revenues is currently pegged at $785 million for Americas, $424 million for Europe and $275 million for Asia, indicating respective increases of 4.9%, 5.2% and 6.6% year over year.However, a challenging operating backdrop, including supply-chain disruption...

Designer Brands Inc. (DBI) used its first-quarter 2026 call to press a forward message centered less on sales acceleration than on stronger margin structure, cleaner inventory and improving earnings power. Adjusted earnings topped the Zacks Consensus Estimate, while management pointed to a steadier start to the second quarter. The key investor takeaway was that leadership now sees full-year 2026 earnings trending toward the high end of its prior range, even as tariffs and macro conditions remain active watchpoints. Chief executive officer Doug Howe said the quarter reflected structural changes across inventory management, pricing discipline, sourcing and channel profitability rather than a one-time mix benefit. Howe framed the profit improvement as evidence that the company’s reset over the last several quarters is taking hold. Adjusted earnings per share came in at 7 cents, ahead of the Zacks Consensus Estimate of 2 cents, a 250% surprise. Revenues rose to $696.4 million from $686.9 million and edged past the $695 million consensus by 0.2%. Designer Brands Inc. price-consensus-eps-surprise-chart | Designer Brands Inc. Quote Gross margin expanded 240 basis points to 45.3%, while adjusted operating income reached $19.4 million versus an adjusted operating loss of $1.1 million a year earlier. That margin-led setup was the clearest feature of the quarter. Howe described the Retail segment as stabilizing, with segment sales roughly flat and comparable sales down 1.2%. He said unfavorable weather, especially in Canada, pressured seasonal categories, but traffic improved and regular-price selling remained solid. In the United States, management said DSW held footwear market share, citing Circana data. The company also called out strength in dress, affordable luxury and accessories, while sandals, casual and athletic categories were softer. Howe tied those trends to a more targeted merchandising strategy. He said Designer Brands is focusing on the categories that matter most to customers while also planning store openings and remodels to support a more elevated in-store experience. The Brand Portfolio segment again supplied the clearest growth engine. Segment sales increased 19.4%, with management highlighting Topo Athletic, Jessica Simpson and Keds as major contributors. Howe said Topo grew 32%, Jessica Simpson rose 35% and Keds also advanced 35%. He emphasized ex...

Designer Brands Inc. DBI reported first-quarter fiscal 2026 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Revenues increased year over year, while earnings improved significantly from the prior-year quarter. However, Designer Brands' shares fell 21% yesterday as investors focused on the company's still-soft underlying demand trends.The company highlighted a strong start to fiscal 2026, driven by double-digit sales growth in its Brand Portfolio segment and encouraging stabilization in its Retail segment. Management also emphasized meaningful profitability improvements, supported by inventory management, pricing discipline, sourcing efficiencies and enhanced channel profitability. Management expressed confidence in achieving the high end of its fiscal 2026 earnings guidance despite ongoing macroeconomic uncertainty. Designer Brands Inc. price-consensus-eps-surprise-chart | Designer Brands Inc. Quote DBI posted adjusted earnings of 7 cents per share, which beat the Zacks Consensus Estimate of adjusted earnings of 2 cents. Notably, the company reported an adjusted loss of 27 cents in the year-ago quarter.Net sales were $696.4 million, up 1.4% year over year. The top line marginally surpassed the Zacks Consensus Estimate of $695 million. Comparable sales (comps) decreased 1.1% year over year. Gross profit amounted to $315.3 million, up 7.1% from $294.5 million in the year-ago quarter. Also, the gross margin increased 240 basis points to 45.3% from 42.9% in the prior-year period. The margin expansion reflected structural improvements across inventory management, pricing discipline, sourcing initiatives and channel profitability. Operating profit came in at $18.9 million against an operating loss of $7.9 million in the year-ago quarter. Adjusted operating profit improved to $19.4 million from an adjusted operating loss of $1.1 million last year. Retail: Segment sales were $626.7 million, missing the Zacks Consensus Estimate of $627 million and falling 0.1% year over year. Comparable sales decreased 1.2% compared with a decline of 7.5% in the year-ago quarter.Segment gross profit increased 6% year over year to $284.3 million, with the gross margin expanding 260 basis points to 45.4%. Segment operating profit rose 28.3% to $51.3 million, while the operating margin expanded 180 basis points to 8.2%.Brand Portfolio: Segment sales inc...

COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Designer Brands Inc. (DBI) on Tuesday reported net income of $1.2 million in its fiscal first quarter. The Columbus, Ohio-based company said it had profit of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 7 cents per share. The footwear and accessories retailer posted revenue of $696.4 million in the period. Designer Brands expects full-year earnings to be 28 cents to 38 cents per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DBI at https://www.zacks.com/ap/DBI

Designer Brands Inc. (NYSE:DBI) reported first-quarter results on Tuesday that exceeded profit expectations, but weaker-than-expected guidance for the full year weighed on investor sentiment and sent the footwear retailer’s shares down 9% in premarket trading. For the quarter ended May 2, the company posted adjusted earnings per share of $0.07, outperforming analyst forecasts for a loss of $0.09 per share by $0.16. Revenue totaled $696.3 million, slightly below the consensus estimate of $700.24 million, although sales increased 1.4% from $686.9 million in the same period last year. Despite the stronger-than-expected earnings performance, investors focused on the company’s full-year outlook. Designer Brands reaffirmed its fiscal 2026 earnings guidance of $0.28 to $0.38 per share. The midpoint of $0.33 remains below Wall Street expectations of $0.40 per share. Profitability improved during the quarter, with gross margin expanding by 240 basis points to 45.3%, compared with 42.9% a year earlier. The company attributed the improvement to better inventory management, disciplined pricing strategies and stronger profitability across its sales channels. The Brand Portfolio division delivered particularly strong results, with net sales rising 19.4% year-over-year to $114.5 million. Meanwhile, performance in the Retail segment was largely unchanged from the prior-year period. “Our strong start to the year was underscored by double-digit sales growth in our Brand Portfolio segment and encouraging stabilization in our Retail segment,” said Doug Howe, Chief Executive Officer. “Following our encouraging start to the year, we believe in our ability to achieve the high end of our fiscal 2026 EPS guidance range, even amidst ongoing uncertainty in the macroeconomic environment.” The company maintained its full-year fiscal 2026 revenue outlook, continuing to forecast net sales ranging from a 1% decline to a 1% increase. Designer Brands also strengthened its balance sheet during the quarter. Inventory levels fell to $586.6 million from $623.6 million a year earlier, while total debt declined to $475.3 million from $522.9 million in the prior-year period. Designer Brands stock price

Designer Brands (DBI) shares were down nearly 15% in premarket Tuesday despite the company swinging

Strong momentum continued with first quarter net sales growth meeting and adjusted diluted earnings per share ("EPS") exceeding expectations Gross margin expansion of 240 basis points Anticipates full year 2026 EPS trending toward the high end of guidance range COLUMBUS, Ohio, June 9, 2026 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company," "we," "us," "our," and "Designer Brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, today announced financial results for the first quarter ended May 2, 2026. "Our strong start to the year was underscored by double-digit sales growth in our Brand Portfolio segment and encouraging stabilization in our Retail segment," said Doug Howe, Chief Executive Officer. "In addition to top-line strength, we delivered meaningful profitability gains, with gross margin expanding 240 basis points, reflecting the structural improvements we have made across inventory management, pricing discipline, sourcing, and channel profitability." Howe continued, "Following our encouraging start to the year, we believe in our ability to achieve the high end of our fiscal 2026 EPS guidance range, even amidst ongoing uncertainty in the macroeconomic environment. We believe our strategic actions will continue to strengthen our foundation of the business and position us well for long-term profitable growth." First Quarter Operating Results (Unless otherwise stated, all comparisons are to the first quarter of 2025) Net sales increased 1.4% to $696.4 million. Total comparable sales decreased by 1.1%. Gross profit increased to $315.3 million versus $294.5 million last year, and gross margin was 45.3% compared to 42.9% last year. Reported net income attributable to Designer Brands Inc. was $1.2 million, or diluted EPS of $0.02. Adjusted net income was $3.8 million, or adjusted diluted EPS of $0.07. Liquidity Cash and cash equivalents totaled $50.1 million at the end of the first quarter of 2026, compared to $46.0 million at the end of the same period last year, with $138.5 million available for borrowings under our senior secured asset-based revolving credit facility. Debt totaled $475.3 million at the end of the first quarter of 2026 compared to $522.9 million at the end of the same period last year. The Company ended the first quarter of 2026 with inventories of $586.6 million compared to $623.6...

Despite Designer Brands Inc. delivering a solid start to the year on Tuesday, investors were not happy with the company’s overall outlook. On Thursday, the DSW parent company reaffirmed its guidance for fiscal 2026 with net sales expected to be in the range of down 1 percent to up 1 percent, with diluted earnings per share at between 28 cents to 38 cents. More from WWD DSW Parent Stock Drops on Disappointing Earnings Guidance In Marc Jacobs, G-III CEO Morris Goldfarb Sees 'Cultural Relevance' Not 'Cash Cow' Bad Buzz and Disappointing Product Launches Hit Lululemon in Q1 Analysts are expecting earnings per share for the year at between 35 cents to 45 cents, according to Yahoo Finance, which led the stock to plunge nearly 22 percent at the end of trading on Tuesday. Dana Telsey, founder and chief executive officer of Telsey Advisory Group, wrote in a research note on Tuesday that the consensus earnings per share forecast among analysts stands 2 cents above the high-end of the reaffirmed guidance range, which factored into the stock movement. “While the company continues to make structural improvements across inventory management, pricing discipline, sourcing, and channel profitability, the overall macro-operating environment and global footwear space remain challenging,” Telsey wrote. “As such, we view the fiscal year 2026 guide as prudently cautious, with management focusing on navigating the choppy demand environment near-term, while targeting a return to growth and historic profitability levels longer-term.” Other factors like weather and uncertainty around tariff refunds are raising worries for the company. Doug Howe, chief executive officer of Designer Brands Inc., noted on the company’s first quarter 2026 earnings call with analysts on Tuesday that sales in seasonal categories at its retail stores were impacted by unfavorable weather in the quarter, which was more prevalent in Canada. This was partially offset by revenue at retail being slightly up in the U.S. “We did see that start to rebound with pretty significant sequential improvement as we moved through May,” the CEO noted as he spoke about what to expect for the second quarter. “I think we’re prudently cautious with regards to our outlook for Q2 which on the retail side would be flat to slightly positive and still seeing a pretty nice increase on the brand [portfolio] side.” Weather-related headwi...

Shares of Designer Brands Inc. dropped in pre-market trading on Tuesday after the shoe retailer reaffirmed its guidance for the year, which falls below analysts’ expectations. According to the DSW parent company, net sales in the first quarter of fiscal 2026 increased 1.4 percent to $696.35 million, up from $686.91 million the same time last year. Net income in Q1 was $1.2 million, or 2 cents per share. Earnings, adjusted for one-time gains and costs, came to $3.8 million, or 7 cents per share. The modest gain was tempered by a comparable sales decline of 1.1 percent. More from WWD In Marc Jacobs, G-III CEO Morris Goldfarb Sees 'Cultural Relevance' Not 'Cash Cow' Bad Buzz and Disappointing Product Launches Hit Lululemon in Q1 Kids' Shoes and 'Elevated' Brands Help Recovering Famous Footwear in Q1 This performance was in-line with analysts’ expectations, which called for net sales in the quarter to be between $695 million to $698.63 million, with earnings per share between 2 cents and 5 cents, according to Yahoo Finance. By segment, the company’s brand portfolio jumped 19.4 percent in the quarter to $114.5 million, up from $95.9 million the same time last year. However, the company’s retail division reported net sales dipped 0.1 percent to $626.68 million, down from $627.15 million the prior year period. As of May 2, the company ended the first quarter of 2026 with 663 stores, or 518 DSW locations, 118 The Shoe Co. doors and 27 Rubino stores. Doug Howe, chief executive officer of Designer Brands Inc., said in a statement that the company had a “strong start” to the year, which was underscored by double-digit sales growth in the brand portfolio segment and “encouraging stabilization” in the retail segment. “In addition to top-line strength, we delivered meaningful profitability gains, with gross margin expanding 240 basis points, reflecting the structural improvements we have made across inventory management, pricing discipline, sourcing, and channel profitability,” Howe noted. Looking ahead, the company is reaffirming its guidance for fiscal 2026 with net sales expected to be in the range of down 1 percent to up 1 percent, with diluted earnings per share at between 28 cents to 38 cents. Analysts are expecting earnings per share for the year at between 35 cents to 45 cents, according to Yahoo Finance, which set the company’s stock down over 16 percent in pre-m...

Designer Brands (DBI) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to a loss of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +250.00%. A quarter ago, it was expected that this footwear and accessories retailer would post a loss of $0.48 per share when it actually produced a loss of $0.31, delivering a surprise of +35.42%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Designer Brands, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $696.35 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.19%. This compares to year-ago revenues of $686.91 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Designer Brands shares have added about 19.5% since the beginning of the year versus the S&P 500's gain of 8.2%. While Designer Brands has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Designer Brands was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the comple...

This article first appeared on GuruFocus. Adjusted Operating Income: $19 million, a significant improvement from last year. Adjusted EPS: $0.07, ahead of expectations. Consolidated Net Sales: $696 million, up 1.4% year-over-year. Comparable Store Sales: Down 1.1% overall; retail segment down 1.2%. Brand Portfolio Sales Growth: Increased 19.4% year-over-year. Gross Margin: 45.3%, a 240 basis points improvement from last year. Adjusted Operating Expenses: 42.9% of sales, leveraging 50 basis points versus last year. Adjusted Net Income: $3.8 million, compared to a net loss of $13 million last year. Inventory Levels: Down 6% compared to last year. Cash Position: $50 million, up from $46 million last year. Total Debt: $475 million, reduced from $523 million last year. Warning! GuruFocus has detected 9 Warning Sign with DBI. Is DBI fairly valued? Test your thesis with our free DCF calculator. Release Date: June 09, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Designer Brands Inc (NYSE:DBI) reported a significant improvement in adjusted operating income of $19 million and adjusted EPS of $0.07, surpassing expectations. The company saw strong growth in its brand portfolio segment, with Q1 sales increasing by 19% and operating income improving by $13 million compared to last year. The dress business and affordable luxury categories showed strong performance, with the dress business up approximately 4% in Q1. DBI's marketing initiatives, including an evolved influencer strategy, have strengthened brand positioning and increased customer engagement. The company successfully managed inventory levels, ending Q1 with inventories down 6% compared to last year, contributing to improved gross margins. Comparable store sales were down 1.1% in Q1, indicating challenges in driving same-store growth. Weather-related headwinds negatively impacted the seasonal sandals business, which was down low single digits. There was softness in the casual and athletic categories as consumer preferences shifted back toward fashion and occasion-based products. The macro environment remains dynamic, with uncertainties around tariffs and potential impacts on the business. DBI anticipates earnings pressure in the third quarter due to the return to a normalized level of incentive-based compensation. Q: Can you provide more details on the...