# Designer Brands Inc. (DBI)

> Source: Nexqual · https://nexqual.com/DBI · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Designer Brands Inc. (DBI), nexqual.com/DBI" · informational, not investment advice.

**Price:** USD 6.55 (+8.26% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 6.05 · day 6.06–6.55 · 52w 3.29–9.17 · market cap $335M · NYQ

## Key facts
- Last four reported quarters (through Aug 1, 2026): revenue $2.89B, net income $16.9M (0.6% margin), free cash flow $120M (SEC filings).
- Valuation: P/E 19.8x (avg 23.0x at the last 1 fiscal year-ends), EV/EBITDA 4.4x, net debt $371M.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 6.75 (range 6.5–7).
- Total return with dividends: 1Y +83.5% vs S&P 500 +14.9%; 5Y -43.8% vs S&P 500 +80.3%.
- Next earnings: 2026-12-08, EPS estimate USD 0.31, revenue estimate $764M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.20B | $3.32B | $3.07B | $3.01B | $2.89B | $2.89B |
| Gross profit | $1.07B | $1.45B | $1.32B | $1.29B | $1.26B | — |
| Operating income | $205M | $187M | $72.4M | $34.9M | $47.8M | $102M |
| Net income | $154M | $163M | $29.1M | -$10.5M | -$8.4M | $16.9M |
| EPS (diluted) | $2.00 | $2.26 | $0.46 | -$0.20 | -$0.17 | — |
| Free cash flow | $138M | $146M | $107M | $31.3M | $78.3M | $120M |
| Gross margin | 33.4% | 43.9% | 43.1% | 42.7% | 43.6% | — |
| Operating margin | 6.4% | 5.7% | 2.4% | 1.2% | 1.7% | 3.5% |
| Net margin | 4.8% | 4.9% | 0.9% | -0.4% | -0.3% | 0.6% |
| Revenue growth | +43.0% | +3.7% | -7.3% | -2.1% | -3.9% | — |
| Cash + short-term investments | — | — | $49.2M | $44.8M | $50.9M | — |
| Total debt | $226M | $281M | $427M | $491M | $435M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 1, 2026)
P/E 19.8x · P/S 0.1x · EV/EBITDA 4.4x · EV/Sales 0.2x · P/FCF 2.8x · P/B 1.1x · FCF yield 35.81% · Earnings yield 5.06% · Dividend yield (paid, TTM) 2.93% · Net debt $371M · EV $706M
P/E at fiscal year-ends: Feb 2024 23.0x.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 6.75 (low 6.5, high 7).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-14 | UBS | Target raised | Neutral | $6 → $6.5 |
| 2026-09-11 | Telsey Advisory Group | Target lowered | Market Perform | $8 → $7 |
| 2026-09-01 | UBS | Target lowered | Neutral | $7.5 → $6 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +83.5% | -43.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +83.9% | -10.9% |
| Volatility (annualized) | 80.8% | 71.5% |
| Max drawdown | -43.0% (Jun 2026→Sep 2026) | -86.8% (Aug 2022→Jun 2025) |

## Peers (Footwear & Accessories)
RCKY (Rocky Brands, Inc.) USD 47.64 +2.92% · FOSL (Fossil Group, Inc.) USD 6.55 -2.96% · WEYS (Weyco Group, Inc.) USD 51.84 +2.25% · WWW (Wolverine World Wide, Inc.) USD 20.68 +2.83% · SHOO (Steven Madden, Ltd.) USD 44.42 -0.60% · BIRK (Birkenstock Holding plc) USD 33.68 +4.21%

## More
Full page: https://nexqual.com/DBI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DBI's own 10-K filed 2026-03-30 (https://www.sec.gov/Archives/edgar/data/1319947/000131994726000022/dsw-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | DSW | "Online orders for the DSW and The Shoe Co. banners can be fulfilled from our stores or directly from our suppliers for certain products (referred to as "drop ship")." |
| Customer | PayPal (PYPL) | "We accept customer payments using a variety of methods, including credit and debit cards, buy now pay later methods, PayPal, ApplePay, Venmo, and gift cards." |
| Partner | ABG-Camuto | "We have a 40.0% equity investment ownership interest in ABG-Camuto, LLC ("ABG-Camuto"), a joint venture that owns the intellectual property rights of Vince Camuto and other brands." |

Other companies that name DBI in their own reports (relationship from DBI's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | STEVEN MADDEN, LTD. (SHOO) | 10-K 2026-03-02 | "For the year ended December 31, 2025, our top ten wholesale channel customers, in no particular order, included: Nordstrom, Macy's, Dillard's, Designer Brands, The TJX Companies, Ross Stores, Burlingt…" |
| partner | WOLVERINE WORLD WIDE INC /DE/ (WWW) | 10-K 2026-02-27 | "On February 7, 2023 the Company entered into an Asset Purchase Agreement with Designer Brands, Inc. (the "Buyer") pursuant to which the Buyer agreed to purchase the global Keds® business." |

## Revenue by business segment (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Retail | $671.1M | 91.8% | -2.2% | $62.0M | 9.2% |
| Brand Portfolio | $86.3M | 11.8% | +17.9% | $979,000 | 1.1% |
| Total revenue | $730.6M | 100% | — | $54.7M | 7.5% |
The lines above cover 103.7% of total revenue.

## Revenue by product line (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Total segment net sales | $730.6M | 100.0% | -1.2% |
| Women's footwear | $308.3M | 42.2% | -1.2% |
| Athletic Footwear | $196.8M | 26.9% | -5.8% |
| Men's footwear | $94.6M | 12.9% | -1.9% |
| Wholesale | $74.7M | 10.2% | +20.1% |
| Accessories and other | $47.6M | 6.5% | +11.4% |
| Kids' footwear | $23.8M | 3.3% | -7.7% |
| Direct-to-consumer | $10.2M | 1.4% | +4.3% |
| Other | $1.3M | 0.2% | +16.8% |
| Total revenue | $730.6M | 100% | — |
The lines above cover 203.7% of total revenue.

## Revenue by region (fiscal year ended 2026-01-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $2.60B | 89.9% | -4.1% |
| Canada | $293.3M | 10.1% | -2.2% |
| Total revenue | $2.89B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.31 | $0.28 | +10.7% | $764.1M | 2 |
| Next quarter (ends 2027-01-31) | $-0.22 | $-0.23 | -3.8% | $722.6M | 2 |
| Current fiscal year (ends 2027-01-31) | $0.51 | $0.39 | +30.4% | $2.91B | 2 |
| Next fiscal year (ends 2028-01-31) | $0.70 | $0.59 | +19.5% | $2.97B | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-12-08): ±32.4%; last 8 reports averaged ±20%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 56 | 90.1% | ±32.4% |
| 2027-01-15 | 84 | 86.6% | ±34.4% |
| 2027-04-16 | 175 | 77.5% | ±46.2% |