DBI · Designer Brands Inc.

Summary

Designer Brands Inc. reported fourth quarter fiscal 2025 net sales of $713.6 million, flat year-over-year, with gross margin expansion to 42.4% from 39.6%. Full year fiscal 2025 net sales declined 3.9% to $2.9 billion, adjusted net income was $8.3 million, and 2026 guidance includes net sales change of down 1% to up 1% and diluted EPS of $0.28 to $0.38.

Key takeaways

• Q4 FY2025 net sales $713.6 million, flat YoY; total comparable sales -1.9%
• Q4 FY2025 gross margin 42.4%, +280 basis points YoY
• FY2025 net sales $2.9 billion, -3.9% YoY; total comparable sales -4.3%
• FY2025 reported net loss $8.4 million or -$0.17 diluted EPS; adjusted net income $8.3 million or $0.16 adjusted diluted EPS
• As of January 31, 2026: cash $50.9 million, debt $435.0 million, inventories $563.5 million
• FY2026 guidance: net sales down 1% to up 1%, diluted EPS $0.28-$0.38
• Dividend $0.05 per share payable April 10, 2026 to shareholders of record March 26, 2026