Designer Brands Inc. DBI

Consumer discretionary SIC 5661 - Retail-Shoe Stores NAICS Retail Trade › Clothing, Clothing Accessories, Shoe, and Jewelry Retailers › Shoe Retailers derived NYSE

Designer Brands Inc., originally founded as DSW Inc., is one of the world's largest designers, producers, and retailers of footwear and accessories. We operate in two reportable segments: the Retail segment and the Brand Portfolio segment. The Retail segment operates the DSW Designer Shoe Warehouse ("DSW"), The Shoe Co., and Rubino banners through its direct-to-consumer stores and e-commerce sites. The Brand Portfolio segment primarily earns revenue from the wholesale of our exclusive and licensed brands to retailers, our Retail segment, and international distributors and the sale of our Vince Camuto, Keds, and Topo brands through direct-to-consumer e-commerce sites.

Beginning with this 2025 Annual Report on Form 10-K, we aggregated our previously reported U.S. Retail operating segment and Canada Retail operating segment into a single reportable segment, the Retail segment, due to the similar nature of their operations and economic characteristics. All prior period segment information has been recast to conform to the current reporting segment presentation.

Last close 6.36 2026-10-23
Market cap $319.5M estimated share count
52-week range 3.29 - 9.17

Valuation FY2025 figures against the last close

P/S0.1x
P/E—
P/FCF4.1x
EV/EBITDA6.6x
Dividend yield3.0%
Diluted EPS-0.17

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada and other international
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 2.6B (89.9%) 90% United States Canada and other international, FY2025: 293.3M (10.1%) 10% FY2024 United States, FY2024: 2.7B (90.0%) 90% Canada and other international, FY2024: 299.8M (10.0%) 10% FY2023 United States, FY2023: 2.8B (90.8%) 91% Canada and other international, FY2023: 282.4M (9.2%) 9%
Region FY2025FY2024FY2023
United States $2.60B $2.71B $2.79B
Canada and other international $293.3M $299.8M $282.4M

As the company reported it, from the “Segment Reporting - Sales by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.89B$3.01B$3.07B$3.32B$3.20B$2.23B$3.49B$3.18B$2.81B$2.72B
Cost of revenue ————————$2.01B$1.94B
Gross profit $1.26B$1.29B$1.32B$1.45B$1.07B$311.2M$999.7M$938.7M$799.1M$779.9M
SG&A $1.22B$1.25B$1.26B$1.27B$870.7M$753.3M$874.7M$820.2M$617.4M$605.0M
Operating income $47.8M$34.9M$72.4M$187.4M$205.2M-$586.3M$127.3M$59.0M$125.1M$200.0M
Interest expense —$46.4M$33.0M$15.1M$32.2M$24.0M$8.9M$2.4M$488.0K$238.0K
Pre-tax income $2.2M-$10.7M$40.2M$159.5M$173.0M-$608.6M$119.8M$10.7M$126.0M$202.5M
Income tax $7.0M$755.0K$11.0M$3.1M$18.5M$119.9M$25.3M$29.8M$59.6M$78.8M
Net income -$8.4M-$10.5M$29.1M$162.7M$154.5M-$488.7M$94.5M-$20.5M$67.5M$124.4M
EPS, basic -0.17-0.200.472.412.12-6.771.28-0.260.841.53
EPS, diluted -0.17-0.200.462.262.00-6.771.27-0.260.841.51
Shares, diluted (wtd. avg.) 49.1M53.7M63.4M72.1M77.3M72.2M74.6M80.0M80.7M82.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $50.9M$44.8M$49.2M$58.8M$74.5M$59.6M$86.6M$100.6M$175.9M$115.3M
Short-term investments —————$0$25.0M$69.7M$124.6M$98.5M
Receivables $59.4M$50.4M$83.6M$77.8M$199.8M$196.0M$89.2M$68.9M$19.2M$18.5M
Inventory $563.5M$599.8M$571.3M$605.7M$586.4M$473.2M$632.6M$645.3M$501.9M$500.0M
Total current assets $708.1M$734.8M$777.4M$789.9M$914.2M$780.6M$900.8M$955.2M$870.9M$759.3M
Property, plant and equipment —$208.2M$219.9M$235.4M$256.8M$296.5M$395.0M$409.6M$355.2M$375.3M
Goodwill $130.8M$130.4M$123.8M$97.1M$93.7M$93.7M$113.6M$89.5M$25.9M$79.7M
Other intangibles $81.2M$84.6M$82.8M$31.9M$15.5M$15.6M$22.8M$46.1M$135.0K$35.1M
Total assets $1.95B$2.01B$2.08B$2.01B$2.01B$1.98B$2.47B$1.62B$1.42B$1.43B
Accounts payable $236.2M$271.5M$289.4M$255.4M$340.9M$245.1M$299.1M$261.6M$179.3M$185.5M
Short-term debt $6.8M$6.8M$6.8M$0$0$62.5M$0———
Total current liabilities $588.5M$590.4M$622.3M$636.1M$758.9M$752.7M$680.0M$463.2M$327.5M$316.6M
Long-term debt $428.2M$484.3M$420.3M$281.0M$225.5M$272.3M$190.0M$160.0M$0—
Total liabilities $1.66B$1.73B$1.71B$1.57B$1.60B$1.73B$1.74B$788.2M$466.3M$491.0M
Retained earnings $59.9M$77.9M$98.9M$82.0M-$74.3M-$228.8M$267.1M$254.7M$355.0M$346.6M
Total equity $282.5M$278.5M$359.2M$432.9M$412.4M$243.0M-$2.5M-$2.7M-$10.1M-$13.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $109.9M$82.2M$162.4M$201.4M$171.4M-$153.8M$196.7M$175.3M$191.0M$212.9M
Depreciation and amortisation $59.1M$63.8M$66.1M$81.3M$77.9M$88.0M$86.6M$79.0M$80.9M$82.8M
Stock-based compensation $19.0M$18.7M$29.4M$28.5M$23.9M$20.2M$17.1M$17.4M$14.7M$12.7M
Capital expenditure $31.6M$50.9M$55.0M$55.0M$33.0M$31.1M$77.8M$65.4M$56.3M$87.6M
Investing cash flow -$33.5M-$62.7M-$182.5M-$88.1M-$35.0M$2.6M-$27.4M-$282.0M-$59.0M-$27.3M
Financing cash flow -$72.5M-$22.1M$10.5M-$128.5M-$121.5M$123.0M-$183.4M$30.0M-$71.4M-$110.5M
Dividends paid $9.7M$10.5M$12.2M$13.5M$0$7.2M$72.6M$79.8M$63.8M$65.1M
Buybacks $0$68.6M$102.2M$147.5M$0$0$141.6M$47.5M$9.4M$50.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001319947-26-000032.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2016: 2.7B Gross profit, FY2016: 779.9M Net income, FY2016: 124.4M Revenue, FY2017: 2.8B Gross profit, FY2017: 799.1M Net income, FY2017: 67.5M Revenue, FY2018: 3.2B Gross profit, FY2018: 938.7M Net income, FY2018: -20.5M Revenue, FY2019: 3.5B Gross profit, FY2019: 999.7M Net income, FY2019: 94.5M Revenue, FY2020: 2.2B Gross profit, FY2020: 311.2M Net income, FY2020: -488.7M Revenue, FY2021: 3.2B Gross profit, FY2021: 1.1B Net income, FY2021: 154.5M Revenue, FY2022: 3.3B Gross profit, FY2022: 1.5B Net income, FY2022: 162.7M Revenue, FY2023: 3.1B Gross profit, FY2023: 1.3B Net income, FY2023: 29.1M Revenue, FY2024: 3B Gross profit, FY2024: 1.3B Net income, FY2024: -10.5M Revenue, FY2025: 2.9B Gross profit, FY2025: 1.3B Net income, FY2025: -8.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.72B $2.81B $3.18B $3.49B $2.23B $3.20B $3.32B $3.07B $3.01B $2.89B
Gross profit $779.9M $799.1M $938.7M $999.7M $311.2M $1.07B $1.45B $1.32B $1.29B $1.26B
Net income $124.4M $67.5M -$20.5M $94.5M -$488.7M $154.5M $162.7M $29.1M -$10.5M -$8.4M

Recent filings and events

  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 5661

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SHOE SHOE STATION GROUP INC $383.6M 7.4x -5.6%