Designer Brands Plunges 15.87% on Q1 Loss, Withdraws 2025 Outlook

Designer Brands' stock plummeted 15.87% in pre-market trading on June 10, 2025, marking a significant drop for the company.

Designer Brands reported a fiscal first-quarter loss of $17.4 million, with a per-share loss of 36 cents. This financial setback was attributed to an unpredictable macro environment and deteriorating consumer sentiment. The company's revenue for the quarter was $713.6 million, missing analysts' expectations by 0.8% and down 5.4% year over year.

In response to the financial results, Designer Brands withdrew its fiscal year 2025 outlook, citing the challenging economic conditions. The company's shares fell 2.4% to close at $3.73 on Monday, June 9, 2025, reflecting investor concerns over the company's performance and future prospects.