While reporting financial results for the first quarter on Tuesday, fashion retailer Designer Brands, Inc. (DBI) said it now expects earnings and net sales growth for the full-year 2026 at the high end of the prior guidance range, following the encouraging start to the year.
For fiscal 2026, the company projects earnings in a range of $0.28 to $0.38 per share on Designer Brands net sales between a decline of 1 percent and a growth of 1 percent.
For the first quarter, the company reported net income attributable to the company of $1.16 million or $0.02 per share, compared to a net loss of $17.82 million or $0.37 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.07 per share, compared to adjusted loss of $0.27 per share in the year-ago quarter.
Net sales for the quarter increased 1.4 percent to $696.35 million from $686.91 million in the same quarter last year. Comparable sales decreased 1.1 percent.
In Tuesday's pre-market trading, DBI is trading on the NYSE at $8.49, down $0.50 or 5.56 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.