Designer Brands raised its full-year guidance after posting better-than-expected second-quarter profit, sending its shares up more than 7% on Thursday. The company now expects net sales to be flat to up 1% and adjusted diluted EPS of $0.47 to $0.52, up from prior guidance of $0.28 to $0.38. For the second quarter, adjusted EPS came in at $0.34, beating consensus by $0.08, while net sales declined 1% to $730.63 million, missing estimates by $14.03 million. Total comparable sales decreased 2.4%, but a significant improvement in profitability cheered investors, and the company generated double-digit sales growth in its Brand Portfolio segment. CEO Doug Howe said the progress against the strategic plan has contributed to improved retail trends and a positive start to the third quarter, giving the company confidence to raise its full-year guidance. Cash and cash equivalents totaled $51.6 million at the end of the second quarter of 2026, compared to $44.9 million a year earlier.
Designer Brands IncDesigner Brands raised full-year guidance and beat Q2 profit estimates, with adjusted EPS of $0.34 topping consensus by $0.08.
