Designer Brands (DBI) Q2 2024 Earnings Call Transcript

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In This Article:

Designer Brands (NYSE: DBI)
Q2 2024 Earnings Call
Sep 11, 2024, 8:30 a.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:


Operator

Good morning and welcome to the Designer Brands second quarter 2024 results conference call. All participants will be in listen-only mode. [Operator instructions] I would now like to turn the conference over to Dustin Hauenstein, senior vice president of finance. Please go ahead.

Dustin Hauenstein -- Senior Vice President, Finance

Good morning. Earlier today, the company issued a press release comparing results of operations for the 13-week period ended August 3, 2024 to the 13-week period ended July 29, 2023. Please note that the financial results that we will be referencing during the remainder of today's call exclude 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 various factors listed in today's press release and the company's public filings with the SEC. 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.

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Now, let me turn the call over to Doug.

Doug Howe -- Chief Executive Officer

Thank you for joining us this morning. I'm pleased to report that during second quarter, we made continued progress on our plan to return Designer Brands to growth. As anticipated, we did see consistent improvement in our top line performance throughout the quarter and have now experienced three consecutive quarters of sequential comp improvement. However, with consumers being increasingly mindful of their discretionary spend, that improvement has been more muted than anticipated.