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Designer Brands Inc. (DBI) SEC Filing 10-K Annual Report for the fiscal year ending Saturday, January 29, 2022

SEC Filings

Designer Brands Inc.

CIK: 1319947 Ticker: DBI
Exhibit 99.1
Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2021 Financial Results
All-time fourth quarter record sales of $822.6 million and comparable sales increase of 36.9%
Introduces guidance for 2022, including a full year diluted EPS in the range of $1.75 to $1.85
Announces Investor Day at the New York Stock Exchange on April 8, 2022

COLUMBUS, Ohio, March 17, 2022 - Designer Brands Inc. (NYSE: DBI) (the "Company" and "Designer Brands"), one of North America's largest designers, producers, and retailers of footwear and accessories, announced financial results for the three months and year ended January 29, 2022.

Roger Rawlins, Chief Executive Officer, stated, "I am incredibly proud of all Designer Brands’ accomplishments this year. Our flexible business model supported by our dedicated and hardworking associates has allowed us to emerge from this unprecedented operating environment in a position of strength both strategically and financially. We now have the ability to quickly shift our assortment to match the product our consumer is demanding, and the infrastructure to meet that consumer wherever they are, which is powered by our best-in-class omnichannel capabilities.

"Looking forward, our growth strategy is centered around increasingly establishing ourselves as a builder and grower of brands, including our four major national brands, our premier quality exclusive brands and the rest of the top 50 brands in footwear. We are seeing aggressive growth in the sales of our owned brands in our direct-to-consumer channels of DSW, Shoe Company and vincecamuto.com, which were up 98% in the fourth quarter versus the same period in 2020. In fact, one out of every four pairs of shoes that Designer Brands sold as an enterprise during 2021 was designed and sourced by our own team. We are constantly focused on going narrower and deeper with our inventory investments as we strive to continue to mitigate supply chain pressures, which we anticipate will further strengthen gross margin, speed to customer and assortment differentiation. This strategy is anchored by our Customer, Brand and Speed initiatives, and we look forward to sharing additional details at our Investor Day on April 8, 2022."


The following information was filed by Designer Brands Inc. (DBI) on Thursday, March 17, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Designer Brands Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (Parenthetical)
Accrued Expenses
Accrued Expenses (Details)
Accrued Expenses (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies Long Term Purchase Commitment (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Schedule Of Debt (Details)
Description Of Business And Significant Accounting Policies
Description Of Business And Significant Accounting Policies (Details)
Description Of Business And Significant Accounting Policies (Policies)
Description Of Business And Significant Accounting Policies (Tables)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Details)
Earnings (Loss) Per Share (Tables)
Earnings (Loss) Per Share - Anti-Dilutive Securities (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Activity Related To Goodwill (Details)
Goodwill And Intangible Assets - Intangible Assets (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes - Income Tax Contingencies (Details)
Leases
Leases (Tables)
Leases - Future Fixed Minimum Lease Payments (Details)
Leases - Lease Income And Lease Expense (Details)
Leases - Narrative (Details)
Property And Equipment
Property And Equipment (Details)
Property And Equipment (Tables)
Receivables
Receivables (Details)
Receivables (Tables)
Related Party Transactions
Related Party Transactions (Details)
Revenue
Revenue (Tables)
Revenue - Deferred Revenue Liabilities (Details)
Revenue - Disaggregation Of Net Sales (Details)
Revenue - Narrative (Details)
Revenue - Sales Reserves (Details)
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Tables)
Shareholders' Equity
Shareholders' Equity (Details)
Shareholders' Equity (Tables)
Shareholders' Equity - Schedule Of Accumulated Comprehensive Income (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Options (Details)
Stock-Based Compensation - Restricted Stock Units, Performance Based Restricted Stock Units And Director Stock Units (Details)
Subsequent Event
Subsequent Events (Details)
Ticker: DBI
CIK: 1319947
Form Type: 10-K Annual Report
Accession Number: 0001319947-22-000010
Submitted to the SEC: Mon Mar 21 2022 4:14:31 PM EST
Accepted by the SEC: Mon Mar 21 2022
Period: Saturday, January 29, 2022
Industry: Retail Shoe Stores

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