Designer Brands jumps after upbeat annual forecasts, quarterly sales rise

Shares of footwear retailer Designer Brands DBI.N rises as much as 13.7% at $4.32

Co forecasts annual net sales growth in low single digits, compared with a 2.1 decrease in 2024, and EPS between 30 cents and 50 cents compared to a loss of 20 cents in 2024

Q4 comparable sales increased by 0.5%, compared to a 7.4% decline a year ago, while adjusted EPS of 44 cents in line with last year

Telsey Advisory Group says the FY25 guide represents a return to growth for the company after executing on its strategic initiatives across product, marketing, and customer experience

However, adds that customers are being pressured with ongoing inflation in the near term and that overall footwear market remains challenged

DBI is down 25% YTD, including session moves