Benzinga | May 26, 2021 04:16PM EDT

Designer Brands Q1 Adj. EPS $0.12 Beats $(0.18) Estimate, Sales $336.32M Miss $651.00M Estimate

Designer Brands (NYSE:DBI) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $(0.18) by 166.67 percent. This is a 106.56 percent increase over losses of $(1.83) per share from the same period last year. The company reported quarterly sales of $336.32 million which missed the analyst consensus estimate of $651.00 million by 48.34 percent. This is a 30.34 percent decrease over sales of $482.78 million the same period last year.