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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 28, 2023
Oct. 29, 2022
Oct. 28, 2023
Oct. 29, 2022
Net sales $ 786,329 $ 865,020 $ 2,320,628 $ 2,554,882
Gross profit 256,406 285,819 767,532 857,234
Operating expenses (230,788) (222,232) (665,437) (674,348)
Income from equity investments 2,503 2,290 6,972 6,670
Impairment charges 0 (1,349) (649) (4,237)
Operating profit 28,121 64,528 108,418 185,319
Interest expense, net (8,767) (4,826) (22,296) (10,530)
Loss on extinguishment of debt and write-off of debt issuance costs 0 0 0 (12,862)
Non-operating income (expense), net (162) (152) 83 (109)
Income before income taxes 19,192 59,550 86,205 161,818
Income tax provision (8,987) (14,379) (27,372) (44,252)
Net income 10,205 45,171 58,833 117,566
Net income attributable to redeemable noncontrolling interest (64) 0 (73) 0
Net income attributable to Designer Brands Inc. $ 10,141 $ 45,171 $ 58,760 $ 117,566
Earnings per share attributable to Designer Brands Inc.:        
Basic earnings per share $ 0.17 $ 0.70 $ 0.93 $ 1.71
Diluted earnings per share $ 0.17 $ 0.65 $ 0.90 $ 1.60
Weighted average shares used in per share calculations:        
Basic shares 58,633 64,245 62,860 68,924
Diluted shares 61,405 69,140 65,292 73,287
Product        
Net sales $ 786,329 $ 865,020 $ 2,320,628 $ 2,554,882
Cost of sales $ (529,923) $ (579,201) $ (1,553,096) $ (1,697,648)