Form 8-K

8-K — Designer Brands Inc.

Accession: 0001319947-26-000038

Filed: 2026-06-09

Period: 2026-06-09

CIK: 0001319947

SIC: 5661 (RETAIL-SHOE STORES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — dbi-20260609.htm (Primary)

EX-99.1 (q120268-kex991pressrelease.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: dbi-20260609.htm · Sequence: 1

dbi-20260609

0001319947false00013199472026-06-092026-06-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 9, 2026

Designer Brands Inc.

(Exact name of registrant as specified in its charter)

Ohio 001-32545 31-0746639

(State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

810 DSW Drive, Columbus, Ohio

43219

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (614) 237-7100

N/A

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Shares, without par value DBI New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange

Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On June 9, 2026, Designer Brands Inc. (the "Company") issued a press release announcing its consolidated financial results for the quarter ended May 2, 2026. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.

Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section. Furthermore, the information in this Item 2.02 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description

99.1

Press Release of Designer Brands Inc., dated June 9, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Designer Brands Inc.

By: /s/ Lisa M. Yerrace

Lisa M. Yerrace

Senior Vice President, General Counsel and Corporate Secretary

Date: June 9, 2026

EX-99.1

Filename: q120268-kex991pressrelease.htm · Sequence: 2

Document

Exhibit 99.1

Designer Brands Inc. Reports First Quarter 2026 Financial Results

Strong momentum continued with first quarter net sales growth meeting and adjusted diluted earnings per share ("EPS") exceeding expectations

Gross margin expansion of 240 basis points

Anticipates full year 2026 EPS trending toward the high end of guidance range

COLUMBUS, Ohio, June 9, 2026 - Designer Brands Inc. (NYSE: DBI) (the "Company," "we," "us," "our," and "Designer Brands"), one of the world's largest designers, producers, and retailers of footwear and accessories, today announced financial results for the first quarter ended May 2, 2026.

"Our strong start to the year was underscored by double-digit sales growth in our Brand Portfolio segment and encouraging stabilization in our Retail segment," said Doug Howe, Chief Executive Officer. "In addition to top-line strength, we delivered meaningful profitability gains, with gross margin expanding 240 basis points, reflecting the structural improvements we have made across inventory management, pricing discipline, sourcing, and channel profitability."

Howe continued, "Following our encouraging start to the year, we believe in our ability to achieve the high end of our fiscal 2026 EPS guidance range, even amidst ongoing uncertainty in the macroeconomic environment. We believe our strategic actions will continue to strengthen our foundation of the business and position us well for long-term profitable growth."

First Quarter Operating Results (Unless otherwise stated, all comparisons are to the first quarter of 2025)

•Net sales increased 1.4% to $696.4 million.

•Total comparable sales decreased by 1.1%.

•Gross profit increased to $315.3 million versus $294.5 million last year, and gross margin was 45.3% compared to 42.9% last year.

•Reported net income attributable to Designer Brands Inc. was $1.2 million, or diluted EPS of $0.02.

•Adjusted net income was $3.8 million, or adjusted diluted EPS of $0.07.

Liquidity

•Cash and cash equivalents totaled $50.1 million at the end of the first quarter of 2026, compared to $46.0 million at the end of the same period last year, with $138.5 million available for borrowings under our senior secured asset-based revolving credit facility. Debt totaled $475.3 million at the end of the first quarter of 2026 compared to $522.9 million at the end of the same period last year.

•The Company ended the first quarter of 2026 with inventories of $586.6 million compared to $623.6 million at the end of the same period last year.

Store Count

(square footage in thousands) May 2, 2026 May 3, 2025

Number of Stores Square Footage Number of Stores Square Footage

DSW stores 518 10,150 520 10,237

The Shoe Co. stores 118 599 121 620

Rubino stores 27 140 28 149

Total number of stores 663 10,889 669 11,006

2026 Financial Outlook

The Company is reaffirming the following guidance for the full year 2026:

Metric

2026 Guidance

Designer Brands Change in Net Sales Down 1% to Up 1%

Diluted Earnings per Share $0.28 - $0.38

Webcast and Conference Call

The Company is hosting a conference call today at 8:30 am Eastern Time. Investors and analysts interested in participating in the call are invited to dial 1-888-317-6003, or the international dial-in, 1-412-317-6061, and reference conference ID number 6930887 approximately ten minutes prior to the start of the conference call. The conference call will also be broadcast live over the internet and can be accessed through the following link, as well as through the Company's investor website at investors.designerbrands.com:

https://app.webinar.net/704rZBvZkGJ

For those unable to listen to the live webcast, an archived version will be available on the Company's investor website until June 23, 2026. A replay of the teleconference will be available by dialing the following numbers:

North America: 1-855-669-9658

International: 1-412-317-0088

Passcode: 7496602

Important information may be disseminated initially or exclusively via the Company’s investor website; investors should consult the website to access this information.

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. Powered by a billion-dollar digital commerce business across multiple domains and over 660 DSW Designer Shoe Warehouse, The Shoe Co., and Rubino stores in North America, Designer Brands delivers current, in-line footwear and accessories from the largest national brands in the industry and holds leading market share positions in key product categories across women's, men's, and kids'. Designer Brands also distributes its brands internationally through select wholesale and distributor relationships while also leveraging design and sourcing expertise to build private label products for national retailers. Designer Brands is committed to being a difference maker in the world and the footwear industry. By leading with our corporate values of We Belong and We Do What's Right, Designer Brands supports the global community and the health of the planet by donating more than thirteen million pairs of shoes to the global non-profit Soles4Souls since 2018. To learn more, visit www.designerbrands.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Certain statements in this press release may constitute forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of forward-looking words such as "outlook," "could," "believes," "expects," "potential," "continues," "may," "will," "should," "would," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of those words or other comparable words. These statements are based on the Company's current views and expectations and involve known and unknown risks, uncertainties, and other factors, many of which are outside of the Company's control, that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These factors include, but are not limited to: uncertain general economic and financial conditions, including economic volatility and potential downturn or recession, supply chain disruptions, new or increased tariffs and other barriers to trade, tariff refunds, fluctuating interest rates, unemployment rates and inflationary pressures, and the related impacts to consumer discretionary spending, as well as our ability to plan for and respond to the impact of these conditions; our ability to anticipate and respond to rapidly changing consumer preferences, seasonality, customer expectations, and fashion trends; the impact on our consumer traffic and demand, our business operations, and the operations of our suppliers, as we experience unseasonable weather, climate change evolves, and the frequency and severity of weather events increases; our ability to execute our business strategies, including growing our Brand Portfolio segment, enhancing in-store and digital shopping experiences, integrating previously acquired businesses and brands, and meeting consumer demands; our ability to maintain strong relationships with our suppliers, vendors, licensors, and retailer customers; risks related to losses or disruptions associated with our distribution systems, including our distribution centers and stores, and payment processing services whether as a result of reliance on third-party providers or otherwise; our reliance on third parties to provide customer payment processing services; risks related to cyber security threats and privacy or data security breaches or the potential loss or disruption of our information technology ("IT") systems, or those of our vendors; risks related to the implementation of new or updated IT systems, including the use of artificial intelligence tools; our ability to protect our reputation and to maintain the brands we license; our reliance on our reward programs and marketing to drive traffic, sales, and customer loyalty; our ability to successfully integrate new hires or changes in leadership and retain our existing management team, and to continue to attract qualified new personnel; risks related

to restrictions imposed by our senior secured asset-based revolving credit facility, as amended, and our senior secured term loan credit agreement, as amended, that could limit our ability to fund our operations; our competitiveness with respect to style, price, brand availability, shopping platforms, and customer service; risks related to our international operations and our reliance on foreign sources for merchandise; our ability to comply with laws and regulations, as well as other legal obligations; risks associated with climate change and other corporate responsibility issues; and uncertainties related to future legislation, regulatory reform, policy changes, or interpretive guidance on existing legislation. Risks and other factors that could cause our actual results to differ materially from our forward-looking statements are described in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2026 or our other reports made or filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the time when made. Except as may be required by applicable law, the Company undertakes no obligation to update or revise the forward looking statements included in this press release to reflect any future events or circumstances.

DESIGNER BRANDS INC.

SEGMENT RESULTS

(unaudited)

Net Sales

Three months ended

(dollars in thousands) May 2, 2026 May 3, 2025 Change

Amount % of Segment Net Sales Amount % of Segment Net Sales Amount %

Segment net sales:

Retail $ 626,684 84.5 % $ 627,145 86.7 % $ (461) (0.1) %

Brand Portfolio

114,518 15.5 95,898 13.3 18,620 19.4 %

Total segment net sales 741,202 100.0 % 723,043 100.0 % 18,159 2.5 %

Elimination of intersegment net sales (44,852) (36,134) (8,718) 24.1 %

Consolidated net sales $ 696,350 $ 686,909 $ 9,441 1.4 %

Comparable Sales

Three months ended

May 2, 2026 May 3, 2025

Change in comparable sales:

Retail segment (1.2) % (7.5) %

Brand Portfolio segment - direct-to-consumer channel 3.0 % (27.0) %

Total (1.1) % (7.8) %

Gross Profit

Three months ended

(dollars in thousands) May 2, 2026 May 3, 2025 Change

Amount % of Segment Net Sales Amount % of Segment Net Sales Amount % Basis Points

Segment gross profit:

Retail $ 284,296 45.4 % $ 268,200 42.8 % $ 16,096 6.0 % 260

Brand Portfolio 38,877 33.9 % 26,026 27.1 % 12,851 49.4 % 680

Total segment gross profit 323,173 43.6 % 294,226 40.7 % 28,947 9.8 % 290

Net recognition (elimination) of intersegment gross profit (7,855) 255 (8,110)

Consolidated gross profit $ 315,318 45.3 % $ 294,481 42.9 % $ 20,837 7.1 % 240

Intersegment Recognition and Elimination Activity

Three months ended

(in thousands) May 2, 2026 May 3, 2025

Intersegment recognition and elimination activity:

Elimination of net sales recognized by Brand Portfolio segment $ (44,852) $ (36,134)

Cost of sales:

Elimination of cost of sales recognized by Brand Portfolio segment 28,003 25,814

Recognition of intersegment gross profit for inventory previously purchased that was subsequently sold to external customers during the current period 8,994 10,575

$ (7,855) $ 255

Operating Profit

Three months ended

(dollars in thousands)

May 2, 2026 May 3, 2025 Change

Amount % of Segment Net Sales Amount % of Segment Net Sales Amount % Basis Points

Segment operating profit:

Retail $ 51,278 8.2 % $ 39,973 6.4 % $ 11,305 28.3 % 180

Brand Portfolio 15,423 13.5 % 1,946 2.0 % 13,477 692.5 % 1,150

Total segment operating profit 66,701 9.0 % 41,919 5.8 % 24,782 59.1 % 320

Corporate/eliminations (47,831) (49,826) 1,995 (4.0) %

Consolidated operating profit (loss) $ 18,870 2.7 % $ (7,907) (1.2) % $ 26,777 NM NM

Immaterial Restatements of Prior Period Financial Results

During the first quarter of 2026, we identified that our previously acquired Topo business was utilizing incorrect duty rates applied to many of our Topo branded products imported into the U.S., both before and after the acquisition date. While the prior period amounts have been restated, as detailed below for comparability, the impact of the corrections in periods prior to the first quarter of 2026 are not material to the consolidated financial statements in any of the impacted periods. For additional information, refer to Notes 1 and 12 to our Form 10-Q for the period ended May 2, 2026.

(in thousands, except per share amounts, unaudited) Three months ended May 3, 2025

Previously Reported % of Net Sales Adjustments As Adjusted % of Net Sales

Consolidated:

Net sales $ 686,909 100.0 % $ — $ 686,909 100.0 %

Cost of sales (391,783) (57.0) (645) (392,428) (57.1)

Gross profit $ 295,126 43.0 % $ (645) $ 294,481 42.9 %

Operating loss $ (7,262) (1.1) % $ (645) $ (7,907) (1.2) %

Net loss attributable to Designer Brands Inc. $ (17,424) $ (392) $ (17,816)

Diluted loss per share $ (0.36) $ (0.01) $ (0.37)

Brand Portfolio segment:

Net sales $ 95,898 100.0 % $ — $ 95,898 100.0 %

Cost of sales (69,227) (72.2) (645) (69,872) (72.9)

Gross profit $ 26,671 27.8 % $ (645) $ 26,026 27.1 %

Operating profit $ 2,591 2.7 % $ (645) $ 1,946 2.0 %

(in thousands, except per share amounts, unaudited) Three months ended August 2, 2025 Six months ended August 2, 2025

Previously Reported % of Net Sales Adjustments As Adjusted % of Net Sales Previously Reported % of Net Sales Adjustments As Adjusted % of Net Sales

Consolidated:

Net sales $ 739,762 100.0 % $ — $ 739,762 100.0 % $ 1,426,671 100.0 % $ — $ 1,426,671 100.0 %

Cost of sales (416,829) (56.3) (440) (417,269) (56.4) (808,612) (56.7) (1,085) (809,697) (56.8)

Gross profit $ 322,933 43.7 % $ (440) $ 322,493 43.6 % $ 618,059 43.3 % $ (1,085) $ 616,974 43.2 %

Operating income $ 26,583 3.6 % $ (440) $ 26,143 3.5 % $ 19,321 1.4 % $ (1,085) $ 18,236 1.3 %

Net income (loss) attributable to Designer Brands Inc. $ 10,827 $ (292) $ 10,535 $ (6,597) $ (684) $ (7,281)

Diluted earnings (loss) per share $ 0.22 $ (0.01) $ 0.21 $ (0.14) $ (0.01) $ (0.15)

Brand Portfolio segment:

Net sales $ 73,157 100.0 % $ — $ 73,157 100.0 % $ 169,055 100.0 % $ — $ 169,055 100.0 %

Cost of sales (54,649) (74.7) (440) (55,089) (75.3) (123,876) (73.3) (1,085) (124,961) (73.9)

Gross profit $ 18,508 25.3 % $ (440) $ 18,068 24.7 % $ 45,179 26.7 % $ (1,085) $ 44,094 26.1 %

Operating loss $ (3,606) (4.9) % $ (440) $ (4,046) (5.5) % $ (1,015) (0.6) % $ (1,085) $ (2,100) (1.2) %

(in thousands, except per share amounts, unaudited) Three months ended November 1, 2025 Nine months ended November 1, 2025

Previously Reported % of Net Sales Adjustments As Adjusted % of Net Sales Previously Reported % of Net Sales Adjustments As Adjusted % of Net Sales

Consolidated:

Net sales $ 752,411 100.0 % $ — $ 752,411 100.0 % $ 2,179,082 100.0 % $ — $ 2,179,082 100.0 %

Cost of sales (412,792) (54.9) (359) (413,151) (54.9) (1,221,404) (56.1) (1,444) (1,222,848) (56.1)

Gross profit $ 339,619 45.1 % $ (359) $ 339,260 45.1 % $ 957,678 43.9 % $ (1,444) $ 956,234 43.9 %

Operating income $ 42,663 5.7 % $ (359) $ 42,304 5.6 % $ 61,984 2.8 % $ (1,444) $ 60,540 2.8 %

Net income attributable to Designer Brands Inc. $ 18,215 $ 991 $ 19,206 $ 11,618 $ 307 $ 11,925

Diluted earnings per share $ 0.35 $ 0.02 $ 0.37 $ 0.23 $ 0.01 $ 0.24

Brand Portfolio segment:

Net sales $ 101,923 100.0 % $ — $ 101,923 100.0 % $ 270,978 100.0 % $ — $ 270,978 100.0 %

Cost of sales (72,955) (71.6) (359) (73,314) (71.9) (196,831) (72.6) (1,444) (198,275) (73.2)

Gross profit $ 28,968 28.4 % $ (359) $ 28,609 28.1 % $ 74,147 27.4 % $ (1,444) $ 72,703 26.8 %

Operating income $ 8,256 8.1 % $ (359) $ 7,897 7.7 % $ 7,241 2.7 % $ (1,444) $ 5,797 2.1 %

(in thousands, except per share amounts, unaudited) Three months ended January 31, 2026 Twelve months ended January 31, 2026

Previously Reported % of Net Sales Adjustments As Adjusted % of Net Sales Previously Reported % of Net Sales Adjustments As Adjusted % of Net Sales

Consolidated:

Net sales $ 713,589 100.0 % $ — $ 713,589 100.0 % $ 2,892,671 100.0 % $ — $ 2,892,671 100.0 %

Cost of sales (410,877) (57.6) (630) (411,507) (57.7) (1,632,281) (56.4) (2,074) (1,634,355) (56.5)

Gross profit $ 302,712 42.4 % $ (630) $ 302,082 42.3 % $ 1,260,390 43.6 % $ (2,074) $ 1,258,316 43.5 %

Operating income (loss) $ (14,220) (2.0) % $ (630) $ (14,850) (2.1) % $ 47,764 1.7 % $ (2,074) $ 45,690 1.6 %

Net loss attributable to Designer Brands Inc. $ (19,992) $ 273 $ (19,719) $ (8,374) $ 580 $ (7,794)

Diluted loss per share $ (0.40) $ — $ (0.40) $ (0.17) $ 0.01 $ (0.16)

Brand Portfolio segment:

Net sales $ 91,883 100.0 % $ — $ 91,883 100.0 % $ 362,861 100.0 % $ — $ 362,861 100.0 %

Cost of sales (63,239) (68.8) (630) (63,869) (69.5) (260,070) (71.7) (2,074) (262,144) (72.2)

Gross profit $ 28,644 31.2 % $ (630) $ 28,014 30.5 % $ 102,791 28.3 % $ (2,074) $ 100,717 27.8 %

Operating income $ 3,667 4.0 % $ (630) $ 3,037 3.3 % $ 10,908 3.0 % $ (2,074) $ 8,834 2.4 %

DESIGNER BRANDS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited and in thousands, except per share amounts)

Three months ended

May 2, 2026 May 3, 2025

Net sales $ 696,350 $ 686,909

Cost of sales (381,032) (392,428)

Gross profit 315,318 294,481

Operating expenses (299,209) (301,862)

Income from equity investments 2,761 2,427

Impairment charges — (2,953)

Operating profit (loss) 18,870 (7,907)

Interest expense, net (10,125) (11,971)

Non-operating income (expenses), net (5) 8

Income (loss) before income taxes and loss from equity investment 8,740 (19,870)

Income tax benefit (provision) (4,805) 2,189

Loss from equity investment (481) —

Net income (loss) 3,454 (17,681)

Net income attributable to redeemable noncontrolling interest (2,295) (135)

Net income (loss) attributable to Designer Brands Inc. $ 1,159 $ (17,816)

Diluted earnings (loss) per share attributable to Designer Brands Inc. $ 0.02 $ (0.37)

Weighted average diluted shares 55,920 48,243

DESIGNER BRANDS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited and in thousands)

May 2, 2026 January 31, 2026 May 3, 2025

ASSETS

Current assets:

Cash and cash equivalents $ 50,104 $ 50,871 $ 46,025

Receivables, net 77,725 61,716 57,941

Inventories 586,635 563,547 623,584

Prepaid expenses and other current assets 49,703 34,286 47,975

Total current assets 764,167 710,420 775,525

Property and equipment, net 209,164 213,291 230,559

Operating lease assets 673,681 675,648 719,749

Goodwill 130,830 130,837 130,714

Intangible assets, net 80,734 81,242 85,062

Deferred tax assets 34,693 35,882 50,801

Equity investments 56,733 56,260 54,862

Other assets 48,194 46,325 46,046

Total assets $ 1,998,196 $ 1,949,905 $ 2,093,318

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND SHAREHOLDERS' EQUITY

Current liabilities:

Accounts payable $ 236,278 $ 236,195 $ 261,787

Accrued expenses 202,398 178,430 187,808

Current maturities of long-term debt 6,750 6,750 6,750

Current operating lease liabilities 158,034 175,515 158,171

Total current liabilities 603,460 596,890 614,516

Long-term debt 468,521 428,206 516,192

Non-current operating lease liabilities 593,156 596,587 650,438

Other non-current liabilities 48,562 46,606 46,478

Total liabilities 1,713,699 1,668,289 1,827,624

Redeemable noncontrolling interest 3,571 1,616 2,212

Total shareholders' equity 280,926 280,000 263,482

Total liabilities, redeemable noncontrolling interest, and shareholders' equity $ 1,998,196 $ 1,949,905 $ 2,093,318

DESIGNER BRANDS INC.

NON-GAAP RECONCILIATION

(unaudited and in thousands, except per share amounts)

Three months ended

May 2, 2026 May 3, 2025

Operating expenses $ (299,209) $ (301,862)

Non-GAAP adjustments-

Restructuring and integration costs 508 3,875

Total non-GAAP adjustments 508 3,875

Adjusted operating expenses $ (298,701) $ (297,987)

Operating profit (loss) $ 18,870 $ (7,907)

Non-GAAP adjustments:

Restructuring and integration costs 508 3,875

Impairment charges — 2,953

Total non-GAAP adjustments 508 6,828

Adjusted operating profit (loss) $ 19,378 $ (1,079)

Net income (loss) attributable to Designer Brands Inc. $ 1,159 $ (17,816)

Non-GAAP adjustments:

Restructuring and integration costs 508 3,875

Impairment charges

— 2,953

Interest expense on under-reported import duties 159 103

Foreign currency transaction losses (gains) 5 (8)

Total non-GAAP adjustments before tax effect 672 6,923

Tax effect of adjustments and changes in valuation allowance (320) (2,192)

Total non-GAAP adjustments, after tax 352 4,731

Net income attributable to redeemable noncontrolling interest 2,295 135

Adjusted net income (loss) $ 3,806 $ (12,950)

Diluted earnings (loss) per share $ 0.02 $ (0.37)

Adjusted diluted earnings (loss) per share $ 0.07 $ (0.27)

Non-GAAP Measures

To supplement amounts presented in our consolidated financial statements determined in accordance with accounting principles generally accepted in the U.S. ("GAAP"), the Company uses certain non-GAAP financial measures, including adjusted operating expenses, adjusted operating profit (loss), adjusted net income (loss), and adjusted diluted earnings (loss) per share as shown in the table above. These measures adjust for the effects of: (1) restructuring and integration costs, including severance charges; (2) impairment charges; (3) interest expense on under-reported import duties; (4) foreign currency transaction losses (gains); (5) the net tax impact of such items and changes in the valuation allowance on deferred tax assets; and (6) net income attributable to redeemable noncontrolling interest. The unaudited adjusted results should not be construed as an alternative to the reported

results determined in accordance with GAAP. These financial measures are not based on any standardized methodology and are not necessarily comparable to similar measures presented by other companies. The Company believes that these non-GAAP financial measures provide useful information to both management and investors to increase comparability to prior periods by adjusting for certain items that may not be indicative of core operating measures and to better identify trends in our business. The adjusted financial results are used by management to, and allow investors to, evaluate the operating performance of the Company compared to prior periods, when reviewed in conjunction with the Company's GAAP statements. These amounts are not determined in accordance with GAAP and therefore should not be used exclusively in evaluating the Company's business and operations.

Comparable Sales Performance Metric

We consider the percent change in comparable sales from the same previous year period, a primary metric commonly used throughout the retail industry, to be an important measurement for management and investors of the performance of our direct-to-consumer businesses. We include in our comparable sales metric sales from stores in operation for at least 14 months at the beginning of the applicable year. Stores are added to the comparable base at the beginning of the year and are dropped for comparative purposes in the quarter in which they are closed. Comparable sales include the e-commerce sales of the Retail segment. Comparable sales in Canada exclude the impact of foreign currency translation and are calculated by translating current period results at the foreign currency exchange rate used in the comparable period of the prior year. Comparable sales include the e-commerce net sales of the Brand Portfolio segment from the direct-to-consumer e-commerce sites. The calculation of comparable sales varies across the retail industry and, as a result, the calculations of other retail companies may not be consistent with our calculation.

CONTACT: Stacy Turnof, DesignerBrandsIR@edelman.com

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 7

v3.26.1

Document and Entity Information Document

Jun. 09, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Jun. 09, 2026

Entity Registrant Name

Designer Brands Inc.

Entity Incorporation, State or Country Code

Entity File Number

001-32545

Entity Tax Identification Number

31-0746639

Entity Address, Address Line One

810 DSW Drive

Entity Address, City or Town

Columbus

Entity Address, State or Province

Entity Address, Postal Zip Code

43219

Local Phone Number

237-7100

City Area Code

614

Pre-commencement Tender Offer

false

Soliciting Material

false

Written Communications

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Class A Common Shares, without par value

Trading Symbol

DBI

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Entity Central Index Key

0001319947

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration