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Designer Brands (DBI) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 10, 2026 · Designer Brands (DBI) Q2 FY27 earnings results →

Q2 FY27 Revenue down 1% year over year to $731M · 2¢ of every $1 of revenue kept as net profit · operating margin 7.5%

Designer Brands made $731M in Q2 FY27 (-1% Y/Y): Retail $671M, Brand Portfolio $59.6M. Operating margin 7.5%, net earnings $17.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 10, 2026.

Revenue$731M
Year over year-1%
Operating margin7.5%
Net earnings$17.6M
Operating cash flow$70.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $730.6M in Q2 FY27, down 1% year over year and up 5% from the previous quarter. Retail was the largest line at 92% of revenue. Retail lost $14.9M year over year (down 2%), 164% of the total change.

Gross margin was 50.0%, up 6.4 points from Q2 FY26. Operating profit was $54.7M, a 7.5% margin (up 4.0 points year over year). Operating expenses grew 5% against a revenue fall of 1%. Net earnings were $17.6M, up 67% year over year. The effective tax rate was 32.9%.

Operating cash flow was $70.3M (up 228% year over year), 344% of net income including minority interests. Non-cash charges added back $13.9M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items added $27.9M. Capital expenditures of $12.4M left free cash flow of $57.9M.

Quarterly history

Designer Brands revenue by quarterDesigner Brands revenue by quarter$714MQ4 FY25$687MQ1 FY26$740MQ2 FY26$752MQ3 FY26$714MQ4 FY26$696MQ1 FY27$731MQ2 FY27
Designer Brands net earnings by quarterDesigner Brands net earnings by quarter−$38.2MQ4 FY25−$17.7MQ1 FY26$10.9MQ2 FY26$18.2MQ3 FY26−$19.0MQ4 FY26$1.2MQ1 FY27$17.6MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 10, 2026$731M-1%7.5%$17.6M$70.3M
Q1 FY2710-QJun 9, 2026$696M+1%2.7%$1.2M−$22.0M
Q4 FY2610-KMar 30, 2026$714M0%-2.0%−$19.0M$42.3M
Q3 FY2610-QDec 9, 2025$752M-3%5.7%$18.2M$66.5M
Q2 FY2610-QSep 9, 2025$740M-4%3.5%$10.9M$21.4M
Q1 FY2610-QJun 10, 2025$687M-8%-1.1%−$17.7M−$20.4M
Q4 FY2510-KMar 24, 2025$714M-5%-3.6%−$38.2M$70.1M

Charts

Designer Brands: revenue growth, year over year and quarter over quarterDesigner Brands: revenue growth, year over year and quarter over quarterY/YQ/Q-5%Q4 FY25-8%-4%Q1 FY26-4%+8%Q2 FY26-3%+2%Q3 FY26+0%-5%Q4 FY26+1%-2%Q1 FY27-1%+5%Q2 FY27
Latest (Q2 FY27): Y/Y -1%, Q/Q +5%.
Designer Brands: where the cash came from (+) and went (−), TTM to Q2 FY27Designer Brands: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$157MNet borrowing (+) / repaid (−)−$97.9MCapital spending−$37.1MDividends−$9.8MCash drawn (+) / kept (−)−$6.7MTaxes on employees’ shares−$4.5MOther financing−$741KExchange rates−$301K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Designer Brands: profit against cash, quarter by quarterDesigner Brands: profit against cash, quarter by quarterNet incomeOperating cash flow$13.2M−$9.8MQ3 FY25−$38.2M$70.1MQ4 FY25−$17.7M−$20.4MQ1 FY26$10.9M$21.4MQ2 FY26$19.3M$66.5MQ3 FY26−$19.0M$42.3MQ4 FY26$3.5M−$22.0MQ1 FY27$20.4M$70.3MQ2 FY27
Latest (Q2 FY27): Net income $20.4M, Operating cash flow $70.3M.
Designer Brands: diluted shares by fiscal yearDesigner Brands: diluted shares by fiscal year72MFY2177MFY2272MFY2363MFY2454MFY2549MFY26
-31.9% since FY21: buybacks shrank the count.
Designer Brands: long-term debt falling due (FY25)Designer Brands: long-term debt falling due (FY25)$6.8M2026$6.8M2027$483M2028
Cash $44.8M, short-term investments —, long-term debt $484M at 2025-02-01.
Designer Brands in its industry: growth against margin (4 companies, SIC 5661)Designer Brands in its industry: growth against margin (4 companies, SIC 5661)revenue growth, year over year →↑ operating marginmedian -1%median 8%BOOTGCOSHOEDBI (-1%, 8%)
Retail-Shoe Stores; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Designer Brands

Designer Brands is one of the world's largest designers, producers, and retailers of the most recognizable footwear brands and accessories, transforming and defining the footwear industry through a mission of being shoe obsessed. With a diversified, world-class portfolio of coveted brands, including Topo Athletic, Keds, Vince Camuto, Kelly & Katie, Jessica Simpson, Lucky Brand, Mix No. 6, Crown Vintage and others, Designer Brands designs and produces on-trend footwear and accessories for all of life's occasions delivered to the consumer through a robust direct-to-consumer omni-channel infrastructure and powerful national wholesale distribution.

In its own words, from its 8-K, filed Sep 10, 2026.

Designer Brands against its Retail-Shoe Stores peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median -1%. Operating margin: 7.5% against the peers' median 7.5%.

CompanyQuarterRevenueY/YOp. margin
DBI Designer BrandsQ2 FY27$731M-1%7.5%
BOOT Boot Barn HoldingsQ2 FY27$582M+15%12.1%
GCO GenescoQ2 FY27$530M-3%0.7%
SHOE Shoe Station GroupQ2 FY27$284M-7%2.7%

Source: Designer Brands 10-Q on SEC EDGAR · CIK 1319947 · Retail-Shoe Stores

13F: who owns DBI and who is buying

Largest holders of DBI (13F)Largest holders of DBI (13F)Stone House Capital Management, L…$32.1MBlackRock$19.3MVanguard Group$15.0MDimensional Fund Advisors LP$12.7MAmerican Century Companies$10.5MVanguard Capital Management LLC$9.1MCharles Schwab Investment Managem…$9.1MRaymond James Financial$8.9MAmeriprise Financial$8.9MDivisadero Street Capital Managem…$6.9M
Funds' net buying of DBI by quarter (13F)Funds' net buying of DBI by quarter (13F)$16.5M2024-09$682K2024-12−$4.3M2025-03−$3.6M2025-06−$2.3M2025-09$3.5M2025-12−$5.6M2026-03$5.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DBI

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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