By Sarina Isaacs
Shares of Designer Brands climbed after the footwear-and-accessories company had a fourth-quarter adjusted loss that was less steep than anticipated.
The stock was recently up 7.9% to $4.10 in premarket trading. As of Wednesday's close, the shares had sunk nearly 70% over the prior year.
Designer Brands on Thursday said its fiscal fourth-quarter loss attributable to the company was $38.2 million, or 80 cents a share, compared with a loss of $29.7 million, or 52 cents a share, in the same quarter a year earlier.
On an adjusted basis, the loss came in at 44 cents a share, better than the average analyst estimate for a loss of 49 cents a share.
Sales sank 5.4% to $713.6 million, below analyst estimates of $719.3 million.
For 2025, the Columbus, Ohio, company expects sales to rise in the low-single digits, and it estimates a profit of 30 cents to 50 cents per share. Analysts are seeking 51 cents per share.
Write to Sarina Isaacs at sarina.isaacs@wsj.com
(END) Dow Jones Newswires
March 20, 2025 09:20 ET (13:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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