Designer Brands shares climbed 5.2% after the DSW parent posted better-than-expected second-quarter results and raised its full-year guidance. Revenue fell 1.2% to $730.6 million, missing estimates of $744.7 million, while comparable sales declined 2.4%. Profitability impressed: adjusted gross margin improved to 47.9% from 43.6%, helped by better product selection and tighter inventory control, plus $15.3 million in tariff refunds that were not included in the adjusted margin. Adjusted earnings per share rose to $0.34 from $0.33, beating estimates of $0.26, and the Brand Portfolio segment grew comps 7.1%. Management cited a strong start to the third quarter and now expects full-year revenue growth of flat to 1%, up from a prior range of -1% to +1%, with adjusted earnings per share of $0.47-$0.52 versus an earlier forecast of $0.28-$0.38.
Designer Brands IncQ2 adjusted EPS beat estimates and full-year guidance was raised, driving the 5.2% share gain.
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