Designer Brands reports Q4 net loss of $29.7m, 7.3% decline in comparable sales.
Designer Brands reported a Q4 net loss of $29.7m ($0.52/share), down from $45.1m ($0.66/share) in Q4 2022, due to a 0.8% decline in total sales to $754.4m. Comparable sales fell 7.3% during Q4, with comparable sales dropping 7.4% in the US retail segment and 9.2% in the Canada retail segment. For FY2024, the company expects net sales growth in the low single digits and EPS of $0.70-$0.80.
March 21, 2024
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