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Operator
Good day and welcome to the Designer Brands Inc. Fourth Quarter and Fiscal Year 2020 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Stacy Turnof with Edelman. Please go ahead.
Stacy Turnof
Vice President
Good morning. Earlier today, the company issued a press release comparing results of operations for the 13-week and 52-week periods ended January 30, 2021 to the 13-week and 52-week periods ending February 1, 2020.
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.
Price action over last quarter: Up 119.26%
Company Profile
Designer Brands Inc is a retailer engaged in branded footwear in the United States. It offers a wide selection of brand name and designer dress, casual, and athletic footwear for women and men. Group functions through U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment includes stores operated in the U.S. under the DSW Designer Shoe Warehouse banner and its related e-commerce site. The Canada Retail segment includes stores operated in Canada under The Shoe Company, Shoe Warehouse, DSW Designer Shoe Warehouse banners and related e-commerce sites. The Brand Portfolio segment is engaged in sale of wholesale products to retailers and sale of branded products on direct-to-consumer e-commerce sites and other activities.
The American company reports £96.61 million of net loss in Q4.
Designer Brands was 2% down in premarket trading on Tuesday.
Designer Brands Inc. (NYSE: DBI) said on Tuesday that its sales in the fiscal fourth quarter came in lower than what analysts had anticipated. The company, however, topped forecasts for per-share loss in Q4.
Designer Brands shares that you can conveniently trade online via several apps were about 2% down in premarket trading on Tuesday. Including the price action, the stock is now exchanging hands at £11.23 per share versus a low of £2.29 per share in March 2020, when the impact of the COVID-19 crisis was at its peak. In comparison, Designer Brands had started 2021 at a per-share price of £5.18.
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