Designer Brands, the parent company of DSW, reported adjusted earnings per share (EPS) of $0.34 for the second quarter, surpassing market expectations of $0.26. However, revenue declined by 1.2% year-over-year to $730.6 million, slightly below the anticipated $744.7 million. The company's gross margin significantly improved from 43.6% to 47.9%. Designer Brands raised its full-year revenue guidance to flat to 1% growth (previously a decline of 1% to 1% growth) and increased its adjusted EPS guidance to $0.47-$0.52 (previously $0.28-$0.38).