Designer Brands Inc. (DBI) reported Loss for its fourth quarter that decreased from the same period last year and beat the Street estimates.
The company's earnings totaled -$38.2 million, or -$0.80 per share. This compares with -$29.7 million, or -$0.52 per share, last year.
Excluding items, Designer Brands Inc. reported adjusted earnings of -$21.3 million or -$0.44 per share for the period.
Analysts on average had expected the company to earn -$0.49 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 5.4% to $713.6 million from $754.3 million last year.
Designer Brands Inc. earnings at a glance (GAAP) :
-Earnings: -$38.2 Mln. vs. -$29.7 Mln. last year.-EPS: -$0.80 vs. -$0.52 last year.-Revenue: $713.6 Mln vs. $754.3 Mln last year.
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