Designer Brands Inc has posted a mixed Q3, with net sales down 3.2 per cent and comparable sales lower, yet profitability strengthened as gross margin rose to 45.1 per cent.
Net income reached $18.2 million.
Cash improved, debt fell, and inventories eased.
The company remains confident as strategic progress continues, despite forecasting a 3–5 per cent sales decline for FY25.Designer Brands Inc has posted a mixed Q3, with net sales down 3.2 per cent and comparable sales lower, yet profitability strengthened as gross margin rose to 45.1 per cent.
Net income reached $18.2 million.
Cash improved, debt fell, and inventories eased.
The company remains confident as strategic progress continues, despite forecasting a 3–5 per cent sales decline for FY25.
