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Why Designer Brands Stock Tumbled Today

TheMotleyFool

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Why Designer Brands Stock Tumbled TodayPhoto, wide shot, wide-angle lens, Hotel, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d14bb504-852b-4d13-a69a-8cec9d4eb799.png

Shares of Designer Brands (NYSE: DBI), the retailer formerly known as DSW, were sliding today after the company posted disappointing results in its third-quarter earnings report. The company missed expectations on the bottom line and cut its guidance.

As of 2:22 p.m. EST, the stock was down 17.6%.

Image source: Getty Images.

Source Fool.com

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