The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Alex Vasti - William Blair & Company - Analyst
: Hey guys. This is Alex Vasti on for Dylan. Thanks for taking our questions.
Firstly, just how would you describe the risk in the guide for the back half? You mentioned inflecting positive in comp with boots planned down
double digits on the easier compares, which appears to have been relatively de-risked. Could you just give a bit more color on what is contemplated
in the larger inflection planned for the second half?
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SEPTEMBER 11, 2024 / 12:30PM, DBI.N - Q2 2024 Designer Brands Inc Earnings Call
Question: Alex Vasti - William Blair & Company - Analyst
: Got it. Okay. Thank you. Then secondly, how are you, or could you adjust or shape the branded portfolio to reflect the trends that you're currently
seeing in the business? You mentioned earlier in the prepared remarks de-emphasizing dress and seasonal products. Is it within the realm of
possibility to buy or get rid of any existing brands as you rework the branded portfolio? Thanks.
Question: Alex Vasti - William Blair & Company - Analyst
: Perfect. Thank you. Very helpful. That's all from me.
I'll pass it on.
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SEPTEMBER 11, 2024 / 12:30PM, DBI.N - Q2 2024 Designer Brands Inc Earnings Call
Question: Mauricio Serna - UBS - Analyst
: Great. Good morning, and thanks for taking my questions. Maybe could you quantify how the quarter to date is performing, and just how comfortable
will you feel about second half guide, just given the Q4, I guess -- like, I don't know if the implication is that it could be slightly down just because
of the -- as you lap the 53rd week?
Question: Mauricio Serna - UBS - Analyst
: Got it, and then just very lastly on the gross margin, you talked about you expect for the year SG&A to be flat to slight de-leverage. How should we
think about the gross margin for the full year?
Question: Mauricio Serna - UBS - Analyst
: Understood. Very helpful. Thank you so much.
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SEPTEMBER 11, 2024 / 12:30PM, DBI.N - Q2 2024 Designer Brands Inc Earnings Call
Question: Dana Telsey - Telsey Advisory Group - Analyst
: Hi. Good morning, everyone. As you think about inventory levels and where you expect them to be by the end of the year, both on your own
branded side and wholesale, how are you thinking about it? And with the components of the comps in each of the channels, drivers of each, what
are you seeing, ATV or conversion traffic, transactions, what are you seeing there, and how do you think about it going forward given the inflection
point that you've seen already? Thank you.
Question: Dana Telsey - Telsey Advisory Group - Analyst
: Great, and just any update on freight expenses?
Question: Dana Telsey - Telsey Advisory Group - Analyst
: Thank you.
Question: Mauricio Serna - UBS - Analyst
: Hey, just wanted to follow up on SG&A. I want to understand, given that you lowered the kind of sales guidance, is there any change on the SG&A
front, just because of lower sales expectations, or is that really essentially what is driving the--I just want to understand if that is what is essentially
driving the lower guidance on the EPS level.
Question: Mauricio Serna - UBS - Analyst
: Got it. And then, just lastly, what are your expectations for interest expenses?
Question: Mauricio Serna - UBS - Analyst
: Got it. Thank you.
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