Designer Brands：2025年季度报告

FORM10-Q (Mark One) ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedAugust 2, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from DESIGNER BRANDS INC. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.☑Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).☑Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐ Accelerated filer☑Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☑No Number of shares outstanding of each of the registrant's classes of common stock, as of September2, 2025:41,810,747Class A common shares and7,732,733Class B common shares. DESIGNER BRANDS INC.TABLE OF CONTENTS All references to "we," "us," "our," "Designer Brands Inc.," or the "Company" in this Quarterly Report on Form 10-Q for the quarterended August 2, 2025 (this "Form 10-Q") mean Designer Brands Inc. and its subsidiaries. Cautionary Statement Regarding Forward-Looking Information for Purposes of the "Safe Harbor" Provisions of the PrivateSecurities Litigation Reform Act of 1995 Certain statements in this Form 10-Q may constitute forward-looking statements and are made pursuant to the safe harbor provisionsof the Private Securities Litigation Reform Act of 1995. Such statements reflect our current views with respect to, among other things,future events and financial performance. You can identify these forward-looking statements by the use of words such as "outlook,""could," "believes," "expects," "potential," "continues," "may," "will," "should," "would," "seeks," "approximately," "predicts,""intends," "plans," "estimates," "anticipates," or the negative version of those words or other comparable words. Any forward-lookingstatements contained in this Form 10-Q are based upon current plans, estimates, expectations and assumptions relating to ouroperations, results of operations, financial condition, and liquidity. The inclusion of any forward-looking statements should not beregarded as a representation by us or any other person that the future plans, estimates, or expectations contemplated by us will beachieved. Such forward-looking statements are subject to numerous risks, uncertainties, and other factors, many of which are outsideof our control, that may cause actual results, performance, or achievements to be materially different from any future results,performance, or achievements expressed or implied by the forward-looking statements. In addition to those factors described underPart I, Item 1A.Risk Factorsin our Annual Report on Form 10-K for the fiscal year ended February 1, 2025 (the "2024 Form 10-K")filed with the Securities and Exchange Commission (the "SEC") on March 24, 2025 and Part II, Item 1A.Risk Factorsin this Form10-Q, and otherwise in our reports and filings with the SEC, there are a number of important factors that could cause actual results,performance, or achievements to differ materially from those discussed in forward-looking statements that include, but are not limitedto, the following: •uncertain general economic and financial conditions, including economic volatility and potential downturn or recession, supply chaindisruptions, new or increased tariffs and other barriers to trade, fluctuating interest rates, unemployment rates and inflationary pressures,and the related impacts to consumer discretionary spending, as well as our ability to plan for and respond to the impact of these conditions;•our ability to anticipate and respond to rapidly changing consumer preferences, seasonality, cust