Investing.com - Designer Brands reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Designer Brands announced earnings per share of $0.62 on revenue of $859.32M. Analysts polled by Investing.com anticipated EPS of $0.5216 on revenue of $835.92M.
Designer Brands shares are up 101.67% from the beginning of the year and are trading at $17.06 , down-from-52-week-high.They are outperforming the S&P/TSX which is down 8.92% from the start of the year.
Designer Brands follows other major Consumer Discretionary sector earnings this month
Designer Brands's report follows an earnings beat by Home Depot on Tuesday, August 16, 2022, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Alibaba ADR had beat expectations on Thursday, August 4, 2022 with third quarter EPS of $11.73 on revenue of $205.56B, compared to forecast for EPS of $10.7 on revenue of $203.47B.
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