Benzinga | Sep 3, 2020 06:49AM EDT

Designer Brands Q2 Adj. EPS $(1.28) Misses $(0.85) Estimate, Sales $489.71M Miss $596.46M Estimate

Designer Brands (NYSE:DBI) reported quarterly losses of $(1.28) per share which missed the analyst consensus estimate of $(0.85) by 50.59 percent. This is a 366.67 percent decrease over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $489.71 million which missed the analyst consensus estimate of $596.46 million by 17.90 percent. This is a 43.07 percent decrease over sales of $860.20 million the same period last year.