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Feb 01
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.
Designer Brands
Designer Brands
Designer Brands Revenue by Segment
Revenue by Segment
U.S. Retail Revenue
CapyFin.comCanada Retail Revenue
CapyFin.comBrand Portfolio Revenue
CapyFin.com 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.
- Net loss reported despite strategic initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income