==Designer Brands (DBI) reported earnings on Thur 1 Dec 22 (b/o)

 ** charts before earnings **

** charts after earnings **

Designer Brands misses by $0.05, misses on revs; guides FY23 EPS below consensus

• Reports Q3 (Oct) earnings of $0.67 per share, $0.05 worse than the S&P Capital IQ Consensus of $0.72; revenues rose 1.4% year/year to $865 mln vs the $876.72 mln S&P Capital IQ Consensus.
  • Comparable sales up 3.0% on top of comparable sales of 40.8% for the third quarter of 2021
• Co lowers guidance for FY23, sees EPS of $1.75-1.80 vs. $2.06 S&P Capital IQ Consensus. This is down from $2.05-2.15.
  • Co reaffirms FY23 Comparable Sales Growth of mid-single digits.