The footwear retailer Designer Brands has released its financial results for the first quarter of 2024.

Although the total comparable sales declined by 2.5%, the net sales increased slightly to $746.6 million. The gross profit improved to $245.1 million with a gross margin of 32.8%. The company reported a net income of $0.8 million, including adjusted after-tax charges. Cash and cash equivalents totalled $43.4 million, and the company had $187.8 million available for borrowings. The total debt stood at $476.1 million.

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