1611 ET - Designer Brands' inflection was delayed by seasonal headwinds in the latest quarter, William Blair analysts say in a research note. The greatest threat to Designer Brands remains a further deterioration in the core fashion and seasonal business at a faster rate than growth in athletic and athleisure can offset, the analysts say. Overall, growth at the brand portfolio into next year is expected to be driven by Topo and Keds, while the company continues to navigate near-term challenges in licensed and exclusive brands given the penetration of seasonal, the analysts add. Shares rise 3.8% to $6.01. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
December 10, 2024 16:11 ET (21:11 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。