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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Aug. 03, 2024
Jul. 29, 2023
Net sales $ 771,900 $ 792,217 $ 1,518,496 $ 1,534,299
Gross profit 252,914 273,387 497,983 511,126
Operating expenses (226,896) (214,530) (465,447) (434,649)
Income from equity investments 2,571 2,138 5,435 4,469
Impairment charges 0 (308) 0 (649)
Operating profit 28,589 60,687 37,971 80,297
Interest expense, net (11,035) (6,932) (22,596) (13,529)
Non-operating income (expenses), net (109) 579 (252) 245
Income before income taxes 17,445 54,334 15,123 67,013
Income tax provision (3,363) (17,079) (156) (18,385)
Net income 14,082 37,255 14,967 48,628
Net income attributable to redeemable noncontrolling interest (258) (51) (360) (9)
Net income attributable to Designer Brands Inc. $ 13,824 $ 37,204 $ 14,607 $ 48,619
Earnings per share attributable to Designer Brands Inc.:        
Basic earnings per share $ 0.24 $ 0.57 $ 0.25 $ 0.75
Diluted earnings per share $ 0.24 $ 0.56 $ 0.25 $ 0.73
Weighted average shares used in per share calculations:        
Basic shares 57,162 65,576 57,313 64,973
Diluted shares 58,576 66,997 58,978 66,863
Product        
Net sales $ 771,900 $ 792,217 $ 1,518,496 $ 1,534,299
Cost of sales $ (518,986) $ (518,830) $ (1,020,513) $ (1,023,173)