Designer brands inc. reports first quarter 2024 financial results

Consolidated gross profit margin rose 80 basis points over the same period last year, driven by the brand portfolio segment net sales growth in performance and leisure footwear in the u.s. retail segment outpaced the balance of the footwear market company reaffirms full year 2024 guidance columbus, ohio , june 4, 2024 /prnewswire/ -- designer brands inc. (nyse: dbi) (the "company," "we," "us," "our," and "designer brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, today announced financial results for the three months ended may 4, 2024. "this quarter, we were pleased to deliver results in line with our expectations for this quarter, as we gain traction on our path to returning designer brands to growth," stated doug howe, chief executive officer.
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