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Designer Brands Inc. (DBI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, February 1, 2020

Designer Brands Inc.

CIK: 1319947 Ticker: DBI
Exhibit 99.1
Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Net sales increased 11.2% to $3.5 billion, after excluding net sales of exited business from fiscal 2018.
Comparable sales for the fiscal year increased 0.8%, delivering a two-year comparable sales increase of 6.9%.
Full year Reported EPS of $1.27 per diluted share, including net charges of $0.26 per diluted share from adjusted items.
Full year Adjusted EPS of $1.53 per diluted share.
Repurchased 7.1 million shares in fiscal 2019; returned $214.2 million to shareholders through share repurchases and dividends over the last 12 months.
Board of Directors declared quarterly dividend of $0.10 per share.

COLUMBUS, Ohio, March 17, 2020 - Designer Brands Inc. (NYSE: DBI), one of North America's largest designers, producers and retailers of footwear and accessories, announced financial results for the thirteen week and fifty-two week periods ended February 1, 2020, compared to the thirteen week and fifty-two week periods ended February 2, 2019.

Chief Executive Officer Roger Rawlins, stated, "The impact of COVID-19 on our business and industry is unprecedented, and our thoughts are with those individuals who have been directly affected by the virus. At the direction of government officials to flatten the curve, and in an attempt to safeguard the long-term stability of our business, we have made the difficult decision to temporarily close our North American retail locations, as of close of business today. However, we will continue to serve our customers through our leading e-commerce infrastructure, which we have invested in heavily over the last few years. Our warehouses will remain open to fulfill our online orders, operating under our emergency preparedness plan, and all retail employees will be compensated in the near-term."

Mr. Rawlins continued, "In an abundance of caution and to preserve our financial flexibility during this difficult time, we have decided to reduce our dividend for the first quarter of fiscal 2020 to deliver a yield that we believe more appropriately aligns with the current stock price, yet remains near the top of our peer set. We have a solid


The following information was filed by Designer Brands Inc. (DBI) on Tuesday, March 17, 2020 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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Assess how Designer Brands Inc.'s management team is paid from their Annual Proxy

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Designer Brands Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

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

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

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)
Accounts Receivable
Accounts Receivable (Details)
Accounts Receivable (Tables)
Accrued Expenses
Accrued Expenses (Details)
Accrued Expenses (Tables)
Acquisitions And Equity Method Investment
Acquisitions And Equity Method Investment - Activity Related To Equity Investment In Abg-Camuto (Details)
Acquisitions And Equity Method Investment - Narrative (Details)
Acquisitions And Equity Method Investment - Preliminary Purchase Price And Allocation Of Total Consideration To Fair Value (Details)
Acquisitions And Equity Method Investment - Purchase Price And Allocation Of Total Consideration To Fair Value (Details)
Acquisitions And Equity Method Investment - Schedule Of Combined Results (Details)
Acquisitions And Equity Method Investments (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies Long Term Purchase Commitment (Details)
Debt
Debt (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Earnings 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)
Goodwill And Intangible Assets - Narrative (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes Income Tax Contingencies (Details)
Investments
Investments (Details)
Investments (Tables)
Leases
Leases (Tables)
Leases - Future Fixed Minimum Lease Payments (Details)
Leases - Future Minimum Lease Payment Requirements (Details)
Leases - Lease Income And Lease Expense (Details)
Leases - Narrative (Details)
Other Non-Current Liabilities
Other Non-Current Liabilities (Details)
Other Non-Current Liabilities (Tables)
Property And Equipment
Property And Equipment (Details)
Property And Equipment (Tables)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Details)
Quarterly Financial Data (Unaudited) (Tables)
Related Party Transactions
Related Party Transactions (Details)
Revenue (Details)
Revenue (Tables)
Revenue Revenue
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Tables)
Shareholders' Equity
Shareholders' Equity (Details)
Shareholders' Equity (Tables)
Shareholders' Equity - Schedule Of Accumulated Comprehensive Income (Details)
Significant Accounting Policies
Significant Accounting Policies (Details)
Significant Accounting Policies (Tables)
Significant Accounting Policies Significant Accounting Policies (Policies)
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 Events (Details)
Subsequent Events Subsequent Events
Ticker: DBI
CIK: 1319947
Form Type: 10-K Annual Report
Accession Number: 0001319947-20-000025
Submitted to the SEC: Fri May 01 2020 4:34:26 PM EST
Accepted by the SEC: Fri May 01 2020
Period: Saturday, February 1, 2020
Industry: Retail Shoe Stores

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