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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 02, 2024
Oct. 28, 2023
Nov. 02, 2024
Oct. 28, 2023
Net sales $ 777,194 $ 786,329 $ 2,295,690 $ 2,320,628
Gross profit 247,445 256,406 745,428 767,532
Operating expenses (210,457) (230,788) (675,904) (665,437)
Income from equity investments 3,584 2,503 9,019 6,972
Impairment charges (17,756) 0 (17,756) (649)
Operating profit 22,816 28,121 60,787 108,418
Interest expense, net (11,565) (8,767) (34,161) (22,296)
Non-operating income (expenses), net (260) (162) (512) 83
Income before income taxes 10,991 19,192 26,114 86,205
Income tax benefit (provision) 2,223 (8,987) 2,067 (27,372)
Net income 13,214 10,205 28,181 58,833
Net income attributable to redeemable noncontrolling interest (202) (64) (562) (73)
Net income attributable to Designer Brands Inc. $ 13,012 $ 10,141 $ 27,619 $ 58,760
Earnings per share attributable to Designer Brands Inc.:        
Basic earnings per share $ 0.25 $ 0.17 $ 0.50 $ 0.93
Diluted earnings per share $ 0.24 $ 0.17 $ 0.48 $ 0.90
Weighted average shares used in per share calculations:        
Basic shares 52,083 58,633 55,570 62,860
Diluted shares 53,486 61,405 57,116 65,292
Product        
Net sales $ 777,194 $ 786,329 $ 2,295,690 $ 2,320,628
Cost of sales $ (529,749) $ (529,923) $ (1,550,262) $ (1,553,096)