(RTTNews) – Designer Brands Inc. (DBI) has increased its FY2022 EPS guidance range to a range of $1.80 to $1.90, from the previous guidance range of 1. $75 to $1.85. Analysts polled by Thomson Reuters expect the company to report earnings of $1.75 per share. Analyst estimates generally exclude special items.
Designer Brands announced a five-year financial roadmap through which it expects to generate significant earnings growth. By FY2026, the company plans to achieve: $4 billion in revenue; 35% gross profit margin; operating margin of 9%; and EPS between $2.75 and $2.85. Additionally, the company expects to generate more than $1 billion in cash from operations over the next five years. Designer Brands noted that this growth will be driven by the doubling of own-brand sales, which will rise from 19% of total sales to almost a third.
The Company’s Board of Directors has approved the reinstatement of the regular quarterly cash dividend to shareholders, effective in the first quarter of fiscal 2022. A dividend of $0.05 per Class A Share will be paid on May 6, 2022 to shareholders of record at the close of business on April 22, 2022.
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