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Jennifer Braun Published
March 20,蜘蛛池泛目录轮链方案 2025
Designer Brands announced on Thursday sales for the fourth quarter decreased 5.4% to $713.6 million, despite a comparable sales increase of 0.5%.
The Columbus, Ohio-based company said sales for the fiscal year 2025 ended February 1, decreased 2.1% to $3 billion, while total comparable sales decreased by 1.7% for the 12 months.
"Positive comparable sales in the fourth quarter reflect a return to growth for the first time in nine quarters, highlighting the success of our strategic initiatives throughout the year," said Doug Howe, chief executive officer.
"This year's achievements are a direct result of our decisive actions and commitment to refresh and strengthen our leadership, revitalize and modernize our assortment, refine our marketing strategies, right size our brand portfolio, and elevate our customers' omnichannel experience.”
Howe continued, "Looking ahead to 2025, we are confident that our ongoing business transformation will drive continued stability and growth, with expectations to significantly increase EPS compared to our 2025 adjusted results. We anticipate our reinvigorated efforts to be customer-first and product obsessed will help us better understand our customers and strengthen our product offerings through a data-driven approach. Although we do see pressure on the consumer in the short term as a result of ongoing inflation, rising prices and less discretionary income, we believe these initiatives will drive improved financial performance through 2025 and continue to position us well for long-term, sustainable growth.”
During the fourth quarter, the footwear and apparel firm closed two stores in the United States and closed four stores in Canada, ending the year with a total of 494 stores in the U.S. and 175 stores in Canada.
Looking ahead, the company expects net sales growth to be in the low-single digits for 2025, and Diluted EPS of $0.30 to $0.50.
The U.S. footwear and accessories company boasts a varied portfolio of brands including Keds, Vince Camuto, Kelly & Katie, Jessica Simpson, Lucky Brand, Mix No. 6, Crown Vintage and others. It also operates the DSW Designer Shoe Warehouse and The Shoe Company stores in North America.