Why Is Specialty Retailer Designer Brands Stock Rising Today?

Designer Brands Inc (NYSE:DBI) shares are trading higher on Thursday after the fourth-quarter earnings result.

The company reported a fourth-quarter sales decline of 5.4% year-on-year to $713.572 million, missing the analyst consensus estimate of $719.323 million. Total comparable sales increased by 0.5%.

Adjusted EPS loss of 44 cents beat the consensus estimate for a loss of 49 cents.

Gross profit margin expanded 80 basis points to 39.6% and the gross profit declined 3.4% to $282.6 million.

The company incurred an operating loss of ...