Designer Brands Inc. has announced its financial results for the first quarter ending May 3, 2025. The company reported a net sales decrease of 8.0%, bringing the total to $686.9 million. Total comparable sales dropped by 7.8%. Gross profit fell to $295.1 million compared to $330.0 million the previous year, with a gross margin of 43.0%, slightly down from 44.2% last year. The company reported a net loss attributable to Designer Brands Inc. of $17.4 million. Cash and cash equivalents totaled $46.0 million at the end of the first quarter, compared to $43.4 million at the end of the same period last year. Debt increased to $522.9 million from $476.1 million at the end of the same period last year. The company ended the first quarter with inventories of $623.6 million, marginally up from $620.5 million last year. The company has withdrawn its full-year 2025 guidance due to macroeconomic uncertainty, particularly from global trade policies. A dividend of $0.05 per share for both Class A and Class B common shares is set to be paid on June 18, 2025, to shareholders of record as of June 5, 2025.