Designer Brands Q2 revenues increase by 8.2 percent

Designer Brands Inc. for the three months ended August 3, 2019, reported total revenue increase of 8.2 percent, including 102.9 million dollars in revenue from the Brand Portfolio segment, which includes 17.7 million dollars in intersegment revenue that is eliminated in consolidation. Comparable sales decreased 0.6 percent compared to a 9.7 percent increase in the second quarter of fiscal 2018. Total revenue for the first half increased by 15.3 percent, including 207.5 million dollars from the Brand Portfolio segment, which includes 28.2 million dollars in intersegment revenue that is eliminated in consolidation. Comparable sales increased 1.1 percent compared to last year’s 5.8 percent increase.