DBI

MKT CAP:$411M

Designer Brands Inc.

Market Cap

$411M

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NYSE

Consumer Cyc.·Apparel - Retail·🇺🇸·NYSE

Stock Price

$7.97+$0.83 (+11.62%)

Apr 21, 2026

Company Details

Designer Brands Inc., together with its subsidiaries, designs, manufactures, and retails footwear and accessories for women, men, and kids primarily in North America. The company operates through three segments: U.S. Retail, Canada Retail, ...

CEO

Douglas Howe

IPO Date

Jun 29, 2005

Website

www.designerbrands.com

Key Metrics TTM

Revenue

$3.0B

-5.3% YoY

Net Income

-$54M

EPS (Diluted)

-$0.98

Free Cash Flow

-$49M

Revenue / Share

$62.43

Gross Margin

41.5%

Operating Margin

-0.9%

Net Margin

-1.8%

FCF Margin

-1.7%

P/S

0.1x

P/E

—

Earnings Reports

Q4 2024

Mar 24, 2025

$714M-5.4%EPS -$0.71

Q3 2024

Dec 10, 2024

$777MEPS $0.24

Q1 2024

Jun 4, 2024

$747M+0.6%EPS $0.01

FY 2023

Mar 25, 2024

$3.1B-7.3%EPS $0.46

Q4 2023

Mar 25, 2024

$754M-0.8%EPS -$0.52

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$653M	$166M	-$59M
Q4 20	$609M	$135M	-$68M
Q1 21	$703M	$216M	$17M
Q2 21	$817M	$285M	$61M
Q3 21	$853M	$314M	$104M
Q4 21	$823M	$254M	$22M
Q1 22	$831M	$276M	$53M
Q2 22	$859M	$296M	$67M
Q3 22	$865M	$286M	$65M
Q4 22	$761M	$222M	$2M
Q1 23	$742M	$238M	$20M
Q2 23	$792M	$273M	$61M
Q4 23	$754M	$207M	-$33M
Q1 24	$747M	$245M	$9M
Q3 24	$777M	$247M	$23M
Q4 24	$714M	$541M	-$26M

Valuation

Quarter	P/S	P/E
Q3 20	0.1x	—
Q4 20	0.4x	—
Q1 21	0.6x	—
Q2 21	0.4x	—
Q3 21	0.3x	168.7x
Q4 21	0.3x	6.6x
Q1 22	0.3x	6.5x
Q2 22	0.3x	5.8x
Q3 22	0.3x	7.3x
Q4 22	0.2x	4.0x
Q1 23	0.2x	3.6x
Q2 23	0.2x	4.2x
Q4 23	0.2x	7.8x
Q1 24	0.2x	27.7x
Q3 24	0.1x	13.7x
Q4 24	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	-$27M	-$31M
Q4 20	-$47M	-$52M
Q1 21	-$1M	-$7M
Q2 21	$98M	$90M
Q3 21	$68M	$59M
Q4 21	$7M	-$4M
Q1 22	-$41M	-$53M
Q2 22	$52M	$37M
Q3 22	$27M	$12M
Q4 22	$163M	$150M
Q1 23	$23M	$8M
Q2 23	$112M	$101M
Q4 23	-$40M	-$53M
Q1 24	-$20M	-$36M
Q3 24	-$10M	-$19M
Q4 24	$70M	$58M

Capital Expenditures

Quarter	CapEx
Q3 20	$5M
Q4 20	$4M
Q1 21	$6M
Q2 21	$8M
Q3 21	$9M
Q4 21	$11M
Q1 22	$12M
Q2 22	$15M
Q3 22	$15M
Q4 22	$13M
Q1 23	$14M
Q2 23	$11M
Q4 23	$13M
Q1 24	$16M
Q3 24	$9M
Q4 24	$12M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	-30.3%	-19.2%
Q4 20	-26.6%	-19.7%
Q1 21	+45.6%	-14.9%
Q2 21	+66.9%	+20.8%
Q3 21	+30.7%	+5.3%
Q4 21	+35.0%	+18.2%
Q1 22	+18.1%	+13.3%
Q2 22	+5.1%	+4.8%
Q3 22	+1.4%	+6.9%
Q4 22	-7.5%	-5.2%
Q1 23	-10.7%	-7.1%
Q2 23	-7.8%	-7.6%
Q4 23	-12.8%	-1.6%
Q1 24	-1.8%	-2.7%
Q3 24	+4.7%	+4.4%
Q4 24	-9.9%	+1.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$5M	0.7%
Q4 20	$5M	0.8%
Q1 21	$7M	1.1%
Q2 21	$6M	0.7%
Q3 21	$5M	0.6%
Q4 21	$5M	0.6%
Q1 22	$9M	1.0%
Q2 22	$7M	0.9%
Q3 22	$6M	0.7%
Q4 22	$6M	0.8%
Q1 23	$12M	1.6%
Q2 23	$7M	0.9%
Q4 23	$4M	0.6%
Q1 24	$6M	0.7%
Q3 24	$4M	0.5%
Q4 24	$4M	0.5%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 20	—	—	$197M
Q4 20	$64M	$132M	—
Q1 21	—	—	$199M
Q2 21	—	—	$223M
Q3 21	—	—	$212M
Q4 21	$69M	$163M	—
Q1 22	—	—	$223M
Q2 22	—	—	$228M
Q3 22	—	—	$222M
Q2 23	—	—	$214M
Q4 23	$64M	$176M	—
Q1 24	—	—	$236M

Revenue Segments

Quarter	Brand Portfolio	Canada Retail Segment	Corporate Segment	U.S. Retail Segment	Dsw	National Brands	Owned Brands
Q3 20	$84M	$62M	-$22M	$502M	—	—	—
Q1 21	$57M	$41M	—	—	$621M	—	—
Q2 21	$51M	$58M	—	—	$723M	—	—
Q3 21	$104M	$75M	—	—	$710M	—	—
Q1 22	—	$56M	—	—	—	$564M	$211M
Q2 22	—	$78M	—	—	—	$586M	$195M
Q3 22	—	$82M	—	—	—	$553M	$230M
Q1 23	—	$54M	—	—	—	$490M	$198M
Q2 23	—	$70M	—	—	—	$543M	$179M
Q1 24	$104M	$56M	—	—	$621M	—	—
Q3 24	$111M	$84M	—	—	$615M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$55M	$0	$55M
Q2 22	$53M	$0	$53M
Q3 22	$63M	$0	$63M
Q4 22	$59M	$0	$59M
Q1 23	$51M	$0	$51M
Q2 23	$46M	$0	$46M
Q3 23	$55M	$0	$55M
Q4 23	$49M	$0	$49M
Q1 24	$43M	$0	$43M
Q2 24	$39M	$0	$39M
Q3 24	$36M	$0	$36M
Q4 24	$45M	$0	$45M
Q1 25	$46M	$0	$46M
Q2 25	$45M	$0	$45M
Q3 25	$51M	$0	$51M
Q4 25	$51M	$0	$51M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	72M	+0.3%	-0.8%
Q4 20	72M	+0.1%	+0.9%
Q1 21	77M	+6.3%	+7.0%
Q2 21	78M	+0.8%	+7.6%
Q3 21	77M	-0.6%	+6.6%
Q4 21	77M	+0.4%	+7.0%
Q1 22	77M	-0.7%	-0.1%
Q2 22	74M	-3.9%	-4.7%
Q3 22	69M	-6.5%	-10.4%
Q4 22	68M	-1.8%	-12.3%
Q1 23	67M	-1.3%	-12.8%
Q2 23	67M	-0.1%	-9.4%
Q4 23	57M	-15.0%	-17.6%
Q1 24	59M	+4.4%	-12.4%
Q3 24	53M	-10.1%	-20.2%
Q4 24	48M	-10.4%	-28.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$41.3K	16K
Q4 20	$53.5K	11K
Q1 21	$61.7K	11K
Q2 21	$71.7K	11K
Q3 21	$74.9K	11K
Q4 21	$60.9K	14K
Q1 22	$61.5K	14K
Q2 22	$63.7K	14K
Q3 22	$64.1K	14K
Q4 22	$54.3K	14K
Q1 23	$53.0K	14K
Q2 23	$56.6K	14K
Q4 23	$53.9K	14K
Q1 24	$53.3K	14K
Q3 24	$55.5K	14K
Q4 24	$51.0K	14K

Revenue / Employee