India, June 9 -- Designer Brands Inc. (DBI) shares dropped 16.78 percent, losing $1.49 to $7.39 on Tuesday despite the fashion retailer reporting improved first-quarter results and reaffirming expectations for fiscal 2026 at the high end of its prior guidance range.
The stock is currently trading at $7.39, compared with its previous close of $8.88 on the Nasdaq. During the session, it opened at $7.76 and traded between $7.11 and $7.82. Trading volume reached 711,083 shares, slightly above its average volume of 673,169 shares.
The company posted net income attributable to shareholders of $1.16 million, or $0.02 per share, compared with a net loss of $17.82 million, or $0.37 per share, in the year-ago quarter. Adjusted earnings were $0.07 p...