Designer Brands Inc.

Listed Company

DBICIK 0001319947NYSEAcceleratedSmaller ReportingRetail-Shoe StoresOhioFY ends Jan 30

Period

FY 2026

Revenue

$2.89B

Net Income

$-8.37M

Total Assets

$1.95B

Equity

$282.49M

Shares Out

90.96M

Op. Cash Flow

$109.86M

Business

Designer Brands Inc. is a designer, producer, and retailer of footwear and accessories. It offers a wide assortment of dress, casual and athletic footwear, handbags and accessories sold under national and Owned Brands and also provides design, sourcing and agent services for private-label products. The company operates three reportable segments: U.S. Retail (DSW), Canada Retail (The Shoe Co. and Rubino) and Brand Portfolio (wholesale of Owned Brands, direct-to-consumer e-commerce for Vince Camuto, Keds and Topo, and licensing/design services). It distributes products through brick-and-mortar stores, omnichannel e-commerce, wholesale relationships and international distributors, serving customers in the United States and Canada and selling to third-party retailers and distributors abroad.

Summary from filing dated 2025-03-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	2,893	3,009	3,075	3,315	3,197
Gross profit	1,260	1,286	1,324	1,455	1,069
Operating expenses	−1,219	−1,246	−1,256	−1,272	−871
Income from equity investments	11	13	9	—	—
Impairment charges	−4	−18	−5	−4	—
Operating profit	48	35	72	187	205
Interest expense, net	−45	−45	−32	−15	—
Non-operating expenses, net	−192,000	−372,000	−33,000	−130,000	−67,000
Income (loss) before income taxes and loss from equity investment	2	−11	40	160	173
Income tax benefit (provision)	−7	755,000	−11	3	−19
Loss from equity investment	−847,000	0	0	—	—
Net income (loss)	−6	−10	29	163	154
Net income attributable to redeemable noncontrolling interest	−3	−574,000	−154,000	10,000	0
Net income (loss) attributable to Designer Brands Inc.	−8	−11	29	163	154
Basic earnings per share (in dollars per share)	−0.17	−0.2	0.47	2.41	2.12
Diluted earnings per share (in dollars per share)	−0.17	−0.2	0.46	2.26	2
Basic shares	49	54	61	68	73
Diluted shares	49	54	63	72	77

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	51	45	49	59	73
Receivables, net	59	50	84	78	200
Inventories	564	600	571	606	586
Prepaid expenses and other current assets	34	40	73	48	55
Total current assets	708	735	777	790	914
Property and equipment, net	213	208	—	—	—
Operating lease assets	676	702	721	700	647
Goodwill	131	130	124	97	94
Intangible assets, net	81	85	83	32	16
Deferred tax assets	36	43	39	48	356,000
Equity investments	56	57	63	64	56
Other assets	46	49	49	43	31
Total assets	1,948	2,009	2,076	2,010	2,015
Accounts payable	236	272	289	255	341
Accrued expenses	170	152	160	191	216
Current maturities of long-term debt	7	7	7	0	0
Current operating lease liabilities	176	160	167	190	202
Total current liabilities	588	590	622	636	759
Long-term debt	428	484	420	281	226
Non-current operating lease liabilities	597	635	646	631	593
Other non-current liabilities	47	18	25	25	24
Total liabilities	1,660	1,727	1,714	1,574	1,602
Commitments and contingencies	—	—	—	—	—
Redeemable noncontrolling interest	5	3	3	3	0
Common shares paid in-capital, no par value	1,062	1,045	1,031	1,019	1,005
Treasury shares, at cost	−833	−833	−765	−663	−515
Retained earnings	60	78	99	82	−74
Accumulated other comprehensive loss	−6	−11	−6	−5	−4
Total shareholders' equity	282	278	359	433	412
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	1,948	2,009	2,076	2,010	2,015

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	59	64	66	81	78
Stock-based compensation expense	19	19	29	29	24
Deferred income taxes	7	−4	9	−52	−1
Income from equity investments	−10	−13	−9	—	—
Distributions received from equity investments	15	12	10	9	12
Asset Impairment Charges	4	18	5	4	—
Other	−93,000	1	333,000	2	3
Accounts receivables	−9	−15	3	8	9
Income tax receivable	0	44	−455,000	118	−12
Inventories	39	−25	76	−16	−113
Prepaid expenses and other current assets	10	35	−29	−5	−4
Accounts payable	−35	−21	36	−93	93
Accrued expenses	14	−15	−30	−20	11
Operating lease assets and liabilities, net	934,000	−8	−34	−30	−74
Net cash provided by operating activities	110	82	162	201	171
Cash paid for property and equipment	−32	−51	−55	−55	−33
Cash paid for business acquisitions	0	−16	−127	−19	0
Other	−2	4	0	−6	−2
Net cash used in investing activities	−34	−63	−182	−88	−35
Borrowing on revolving credit facility	887	1,338	1,232	1,705	350
Payments on revolving credit facility	−938	−1,269	−1,212	−1,424	−450
Proceeds from the issuance of the Term Loan	0	0	135	0	0
Payments for borrowings under the Term Loan	−7	−7	−2	0	−13
Payments of debt issuance costs	0	0	−11	−2	0
Cash paid for treasury shares	0	−69	−102	−148	0
Dividends paid	−10	−10	−12	−13	0
Cash paid for taxes for stock-based compensation shares withheld	−2	−4	−17	−8	−9
Other	−3	−938,000	−152,000	−62,000	−296,000
Net cash provided by (used in) financing activities	−73	−22	10	−128	−121
Effect of exchange rate changes on cash balances	2	−2	22,000	−523,000	−33,000
Net increase (decrease) in cash and cash equivalents	6	−4	−10	−16	15
Cash paid for interest on debt	39	40	30	15	23
Property and equipment purchases not yet paid	3	5	5	10	4
Other Significant Noncash Transaction, Value of Consideration Given	3	0	0	—	—

Filings

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