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Designer Brands (DBI) Q1 FY26 earnings results (first quarter fiscal 2026)

10-Q filed Jun 10, 2025

Designer Brands (DBI) reported revenue of $687M for the first quarter fiscal 2026 (Q1 FY26), -8% from a year earlier and -4% from the quarter before. Operating margin was -1.1%, net loss $17.7M (2.6% of revenue).

Revenue$687M
Year over year-8%
Quarter over quarter-4%
Operating margin-1.1%
Net earnings−$17.7M

Designer Brands, Q1 FY26: revenue $687M (-8% year over year), operating margin -1.1%, net loss $17.7M, operating cash flow −$20.4M. The chart follows the revenue to costs, profit and cash.

Q1 FY26AmountQ/QY/Y
Revenue$687M-4%-8%
Operating profit−$7.3M——
Net earnings−$17.7M——
Operating cash flow−$20.4M-129%—

What changed

Revenue was $686.9M in Q1 FY26, down 8% year over year and down 4% from the previous quarter. U.S. Retail was the largest line at 83% of revenue. U.S. Retail lost $48.1M year over year (down 8%), 81% of the total change.

Gross margin was 42.9%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $7.3M, an operating margin of -1.1%. Operating expenses fell 6% while revenue fell 8%. The quarter ended with a net loss of $17.7M, narrower than the previous quarter's $38.2M loss. Net interest and other expense of $12.4M was the main reason.

Operating cash flow was −$20.4M. Non-cash charges added back $14.8M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items used $23.6M. Capital expenditures of $7.2M exceeded it, leaving free cash flow of −$27.6M.

Questions

What was Designer Brands' revenue in the first quarter fiscal 2026?

Designer Brands (DBI) reported revenue of $687M for the first quarter fiscal 2026 (Q1 FY26), -8% from a year earlier and -4% from the quarter before.

Was Designer Brands profitable in the first quarter fiscal 2026?

Operating loss was $7.3M (-1.1% of revenue) and net loss $17.7M.

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Source: Designer Brands 10-Q on SEC EDGAR.