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Designer Brands Inc. (DBI) Q1 2025 Earnings Call Transcript

Designer Brands Inc. (NYSE:DBI) Q1 2025 Earnings Conference Call June 10, 2025 8:30 AM ET

Company Participants

Douglas M. Howe – CEO & Director
Jared A. Poff – Executive VP, CFO & Chief Administrative Officer

Conference Call Participants

Dylan Douglas Carden – William Blair & Company L.L.C., Research Division
Mauricio Serna Vega – UBS Investment Bank, Research Division

Operator

Good morning, and welcome to the Designer Brands First Quarter 2025 Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Ashley Firlan, Investor Relations. Please go ahead.

Unidentified Company Representative

Good morning. Earlier today, the company issued a press release comparing results of operations for the 13-week period ended May 3, 2025, to the 13-week period ended May 4, 2024. Please note that the financial results that we will be referencing during the remainder of today’s call excludes certain adjustments recorded under GAAP unless specified otherwise. For a complete reconciliation of GAAP to adjusted earnings, please reference our press release.

Additionally, please note that remarks made about the future expectations, plans and prospects of the company constitute forward- looking statements. Results may differ materially due to the various factors listed in today’s press release and the company’s public filings with the SEC. Except as may be required by applicable law, the company assumes no obligation to update any forward-looking statements. Joining us today are Doug Howe, Chief Executive Officer; and Jared Poff, Chief Financial Officer. I’ll now turn the call over to Doug.

Douglas M. Howe

Good morning, and thank you, everyone, for joining us. I’d like to begin by saying a special thank you to our associates for their continued hard work and dedication to Designer Brands throughout the first quarter. Over 1 year ago, we began to refresh our business, bringing in new

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