Designer brands says q1 same-store sales fell 42.3%

. reports first quarter 2020 financial results.q1 adjusted loss per share $1.83.q1 loss per share $3.00.q1 sales $482.8 million versus refinitiv ibes estimate of $504.2 million.q1 same store sales fell 42.3 percent.q1 earnings per share estimate $-0.52 -- refinitiv ibes data.designer brands - comparable sales decreased 42.3% during q1.designer brands - inventory units on hand were flat at quarter end compared to same period last year.designer brands - is not issuing guidance for fiscal 2020 given rapidly evolving covid-19 environment.designer brands - expects to have nearly all north american stores open by end of june.designer brands - in quarter, recorded impairment charges of $112.5 million.designer brands - during quarter, amended $400 million credit facility, increased borrowings by $203 million.designer brands - reached alignment with nearly all major vendors & landlords on past-due amounts, extended go-forward payment terms.designer brands - cash, investments totaled $250.9 million at q1 end versus $121.9 million for same period last year.designer brands - as of june 18, successfully reopened about 90% of total store base.
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