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Designer Brands Inc. (DBI) SEC Filing 10-Q Quarterly report for the period ending Saturday, August 1, 2020

Designer Brands Inc.

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CIK: 846775 Ticker: DBI

Exhibit 99.1

Designer Brands Inc. Reports Second Quarter 2020 Financial Results
Bolstered liquidity and raised $250 million of new debt
Inventory was down 37%, in line with sales down 43%, compared to the same period last year; well-positioned to chase into developing Fall trends

COLUMBUS, Ohio, September 3, 2020 - Designer Brands Inc. (NYSE: DBI) (the "Company"), one of North America's largest designers, producers and retailers of footwear and accessories, announced financial results for the three months ended August 1, 2020, compared to the three months ended August 3, 2019.

Roger Rawlins, Chief Executive Officer, stated, "Although the COVID-19 pandemic continues to impact consumer behavior and our business, I am confident in Designer Brands' playbook to navigate this ever-changing environment. We believe our recent actions to right size our expense structure and obtain additional liquidity, our strategic digital investments, flexible business model, and strong vendor partnerships as well as our status as one of the largest footwear retailers have firmly positioned Designer Brands to weather the road ahead."

Mr. Rawlins continued, "Given that we have further strengthened our balance sheet, we are well prepared to focus on growing our business' profitability. In order to serve our customers in the near-term, we are flexing fall inventory receipts away from seasonal and dress products and towards our highest performing category, athleisure, with an emphasis on comfortable and cozy products. We have the unique ability to pivot inventory quickly and follow the customer as needs and preferences change in the future. We are confident that we know what the customer wants, and we know how to deliver it to them, be it digitally or in-person and socially distanced, and we will be prepared in any situation."

The following information was filed by Designer Brands Inc. (DBI) on Thursday, September 3, 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Shareholders' Equity (Parenthetical)
Condensed Consolidated Statements Of Shareholders' Equity Statement
Shareholders' Equity - Aoci Schedule
Accounts Receivable
Accounts Receivable (Details)
Accounts Receivable (Tables)
Accrued Expenses
Accrued Expenses (Details)
Accrued Expenses (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Details)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Details)
Earnings (Loss) Per Share (Tables)
Earnings (Loss) Per Share Anti-Dilutive Securities (Details)
Earnings Per Share (Policies)
Equity (Policies)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Goodwill (Details)
Goodwill And Intangible Assets - Intangible Assets (Details)
Investments
Investments (Details)
Investments (Tables)
Leases
Leases (Tables)
Leases - Future Fixed Minimum Lease Payments (Details)
Leases - Lease Income And Lease Expense (Details)
Property And Equipment
Property And Equipment (Details)
Property And Equipment (Tables)
Related Party Transactions
Related Party Transactions (Details)
Revenue
Revenue (Details)
Revenue (Tables)
Revenue From Contract With Customer (Policies)
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Tables)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Class Of Stock (Details)
Significant Accounting Policies
Significant Accounting Policies (Details)
Significant Accounting Policies (Policies)
Significant Accounting Policies - Gain On Settlement (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Award Activity (Details)
Stock-Based Compensation - Expense (Details)
Subsequent Events
Subsequent Events (Details)
Ticker: DBI
CIK: 1319947
Form Type: 10-Q Quarterly Report
Accession Number: 0001319947-20-000073
Submitted to the SEC: Fri Sep 04 2020 4:24:13 PM EST
Accepted by the SEC: Fri Sep 04 2020
Period: Saturday, August 1, 2020
Industry: Retail Shoe Stores

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