** Shares of footwear retailer Designer Brands DBI.N down ~21% at $4.57 premarket
** Co cuts FY profit and sales forecast due to unreasonably warm weather and consumers putting off discretionary purchases
** Expects FY adj earnings per share of 10 cents to 30 cents vs prior forecast of 50 cents to 60 cents
** Forecasts FY net sales to be down in low single-digit percentage vs prior forecast of flat to low single digits
** Posts 1.2% decline in Q3 sales to $777.2 mln as footwear sales excluding boots remained flat to prior year
** Posts quarterly adj profit of 27 cents per share vs analysts' estimates of 35 cents, per data compiled by LSEG
** Up to last close, stock down about 35% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))
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