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Feb 01, 2025
Designer Brands Q4 2024 Earnings Report
Designer Brands reported fourth quarter 2024 results with decreased sales and a net loss, but showed growth in comparable sales for the first time in nine quarters.
Key Takeaways
In Q4 2024, Designer Brands reported net sales of $713.6 million, a 5.4% decline year-over-year. Despite the decline in sales and a reported net loss of $38.2 million, comparable sales increased by 0.5%, reflecting progress from strategic initiatives. Gross margin improved to 39.6%.
Net sales in Q4 2024 decreased by 5.4% to $713.6 million.
Reported net loss attributable to Designer Brands was $38.2 million, with a loss per diluted share of $0.80.
Adjusted net loss was $21.3 million, or $0.44 per diluted share.
Gross margin improved to 39.6%, up from 38.8% in the same quarter last year.
Revenue by Segment
Forward Guidance
Designer Brands projects low-single-digit net sales growth and expects full-year 2025 diluted EPS between $0.30 and $0.50.
Positive Outlook
- Expectations of profitable growth for fiscal 2025.
- Continued focus on customer-first and product-obsessed strategy.
- Strengthening product offerings through a data-driven approach.
- Guidance reflects confidence in business transformation efforts.
- Dividend declared for shareholders with ongoing repurchase activity.
Challenges Ahead
- Pressure on consumers due to ongoing inflation.
- Impact of rising prices and lower discretionary income.
- Decreased net sales in the most recent quarter.
- Higher debt levels reaching $491.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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