Designer Brands reports Q4 adjusted EPS 7c, consensus (2c)

Reports Q4 revenue $760.55M, consensus $791.81M. Comparable sales decreased by 5.5%. Roger Rawlins, Chief Executive Officer, stated, "Our 2022 results clearly showcase the power and success of our brand building strategy with our Owned Brands growing over 32% to last year while delivering gross margins 400 basis points higher than those we saw in 2019. These results showcase the successful execution of our strategy. I am incredibly proud of our team and their tireless efforts, and I am excited about what lies ahead for Designer Brands."