Designer Brands Inc. (NYSE:DBI) shares traded lower in the premarket session on Tuesday after reporting second-quarter adjusted earnings per share of 34 cents, beating the analyst consensus estimate of 23 cents.
Quarterly sales of $739.762 million (+4.2% year over year) beat the Street view of $737.845 million. Total comparable sales decreased by 5%.
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“Our second quarter results were highlighted by a 280-basis point sequential improvement in comparable sales from the first quarter, underscoring …