Designer Brands Inc. - Understand $dbi stock

$DBI Market Cap: $342.4 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.050B

TTM

Gross Margin

31.23%

TTM

Net Earnings

-$2.079M

TTM

Current Assets

$800.7M

Q4 2024

Current Liabilities

$567.6M

Q4 2024

Current Ratio

141.06%

Q4 2024

Total Assets

$2.081B

Q4 2024

Total Liabilities

$1.759B

Q4 2024

Book Value

$321.8M

Q4 2024

Cash

$36.23M

Q4 2024

P/E

-164.7

Nov 29, 2024 EST

Free Cash Flow

-$60.39M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$3.075B	$3.315B	$3.197B	$2.235B	$3.493B	$3.178B	$2.806B	$2.718B	$2.620B	$2.496B	$2.369B	$2.258B	$2.024B	$1.822B	$1.603B	$1.463B	$1.406B	$1.279B	$1.144B	$961.1M	$791.3M	$644.3M
YoY Change	-7.25%	3.72%	43.04%	-36.02%	9.9%	13.27%	3.21%	3.74%	4.97%	5.38%	4.91%	11.53%	11.08%	13.71%	9.55%	4.08%	9.89%	11.8%	19.04%	21.46%	22.82%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$3.075B	$3.315B	$3.197B	$2.235B	$3.493B	$3.178B	$2.806B	$2.718B	$2.620B	$2.496B	$2.369B	$2.258B	$2.024B	$1.822B	$1.603B	$1.463B	$1.406B	$1.279B	$1.144B	$961.1M	$791.3M	$644.3M
Cost Of Revenue	$2.100B	$2.236B	$2.128B	$1.924B	$2.493B	$2.239B	$2.010B	$1.940B	$1.852B	$1.741B	$1.629B	$1.533B	$1.370B	$1.257B	$1.135B	$1.084B	$1.036B	$912.7M	$828.3M	$690.9M	$588.4M	$485.6M
Gross Profit	$974.9M	$1.079B	$1.069B	$311.2M	$999.7M	$938.7M	$799.1M	$779.9M	$768.4M	$755.0M	$739.3M	$724.7M	$653.9M	$565.7M	$467.5M	$379.1M	$370.1M	$366.4M	$315.7M	$270.2M	$202.9M	$158.8M
Gross Profit Margin	31.7%	32.55%	33.43%	13.93%	28.62%	29.54%	28.48%	28.69%	29.32%	30.25%	31.21%	32.1%	32.3%	31.04%	29.17%	25.91%	26.33%	28.65%	27.59%	28.11%	25.64%	24.65%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$907.0M	$896.4M	$870.7M	$753.3M	$874.7M	$820.2M	$617.4M	$605.0M	$554.8M	$512.5M	$497.9M	$481.8M	$448.6M	$396.1M
YoY Change	1.19%	2.95%	15.59%	-13.89%	6.65%	32.86%	2.04%	9.05%	8.25%	2.95%	3.33%	7.4%	13.25%
% of Gross Profit	93.04%	83.06%	81.48%	242.02%	87.5%	87.38%	77.26%	77.58%	72.21%	67.88%	67.34%	66.48%	68.6%	70.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$66.14M	$81.32M	$77.92M	$88.03M	$86.65M	$79.05M	$80.86M	$82.82M	$73.58M	$68.24M	$64.24M	$58.00M	$51.24M	$48.26M	$46.70M	$36.30M	$25.10M	$20.70M	$19.40M	$18.30M	$15.50M	$13.00M
YoY Change	-18.66%	4.35%	-11.48%	1.59%	9.62%	-2.24%	-2.37%	12.57%	7.82%	6.24%	10.75%	13.2%	6.16%	3.34%	28.65%	44.62%	21.26%	6.7%	6.01%	18.06%	19.23%
% of Gross Profit	6.78%	7.53%	7.29%	28.28%	8.67%	8.42%	10.12%	10.62%	9.58%	9.04%	8.69%	8.0%	7.84%	8.53%	9.99%	9.58%	6.78%	5.65%	6.15%	6.77%	7.64%	8.19%
Operating Expenses	$901.9M	$896.4M	$870.7M	$753.3M	$874.7M	$820.2M	$617.4M	$605.0M	$554.8M	$512.5M	$497.9M	$481.8M	$448.6M	$396.1M	$440.8M	$336.4M	$288.8M	$265.6M	$245.6M	$214.1M	$174.9M	$141.0M
YoY Change	0.62%	2.95%	15.59%	-13.89%	6.65%	32.86%	2.04%	9.05%	8.25%	2.95%	3.33%	7.4%	13.25%	-10.14%	31.03%	16.48%	8.73%	8.14%	14.71%	22.41%	24.04%
Operating Profit	$72.95M	$187.4M	$205.2M	-$586.3M	$127.3M	$59.01M	$125.1M	$200.0M	$213.6M	$242.5M	$241.4M	$236.8M	$151.5M	$120.6M	$26.70M	$42.70M	$81.30M	$100.8M	$70.10M	$56.10M	$28.00M	$17.80M
YoY Change	-61.07%	-8.69%	-135.0%	-560.58%	115.74%	-52.82%	-37.46%	-6.36%	-11.93%	0.44%	1.95%	56.36%	25.62%	351.54%	-37.47%	-47.48%	-19.35%	43.79%	24.96%	100.36%	57.3%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	-$22.78M	$15.10M	$32.20M	$24.03M	$8.914M	$2.433M	$488.0K	$238.0K	$168.0K	$108.0K	$474.0K	$894.0K	-$63.10M	-$59.30M	-$77.80M	$2.600M	$6.000M	$6.900M	-$7.500M	-$2.700M	-$2.700M	-$3.900M
YoY Change	-250.88%	-53.11%	33.98%	169.6%	266.38%	398.57%	105.04%	41.67%	55.56%	-77.22%	-46.98%	-101.42%	6.41%	-23.78%	-3092.31%	-56.67%	-13.04%	-192.0%	177.78%	0.0%	-30.77%
% of Operating Profit	-31.23%	8.06%	15.69%		7.0%	4.12%	0.39%	0.12%	0.08%	0.04%	0.2%	0.38%	-41.66%	-49.19%	-291.39%	6.09%	7.38%	6.85%	-10.7%	-4.81%	-9.64%	-21.91%
Other Income/Expense, Net	-$33.00K	-$130.0K	-$67.00K	$1.361M	-$170.0K	-$49.62M	-$1.885M	$338.0K	$3.178M	$0.00	$0.00	$0.00	$0.00	$1.500M
YoY Change	-74.62%	94.03%	-104.92%	-900.59%	-99.66%	2532.15%	-657.69%	-89.36%					-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$40.20M	$159.5M	$173.0M	-$608.6M	$119.8M	$123.2M	$131.1M	$205.8M	$220.2M	$245.6M	$244.0M	$240.6M	$142.3M	$111.8M	-$53.60M	$44.30M	$87.30M	$107.6M	$62.60M	$53.40M	$25.30M	$13.90M
YoY Change	-74.8%	-7.8%	-128.43%	-608.16%	-2.76%	-6.07%	-36.29%	-6.53%	-10.35%	0.66%	1.41%	69.13%	27.26%	-308.57%	-220.99%	-49.26%	-18.87%	71.88%	17.23%	111.07%	82.01%
Income Tax	$10.98M	-$3.142M	$18.54M	-$119.9M	$25.28M	$29.83M	$59.57M	$78.78M	$83.81M	$96.39M	$92.56M	$95.43M	-$58.07M	$59.97M	$12.10M	$17.40M	$33.50M	$42.20M	$25.40M	$18.40M	$10.50M	$5.800M
% Of Pretax Income	27.32%	-1.97%	10.72%		21.1%	24.22%	45.43%	38.28%	38.06%	39.25%	37.93%	39.66%	-40.82%	53.65%		39.28%	38.37%	39.22%	40.58%	34.46%	41.5%	41.73%
Net Earnings	$29.06M	$162.7M	$154.5M	-$488.7M	$94.50M	-$20.47M	$67.45M	$124.4M	$136.0M	$153.3M	$151.3M	$146.4M	$174.8M	$17.79M	-$26.10M	$26.90M	$53.80M	$65.50M	$37.20M	$35.00M	$14.80M	$8.100M
YoY Change	-82.14%	5.3%	-131.61%	-617.18%	-561.73%	-130.34%	-45.79%	-8.54%	-11.26%	1.32%	3.32%	-16.22%	882.29%	-168.18%	-197.03%	-50.0%	-17.86%	76.08%	6.29%	136.49%	82.72%
Net Earnings / Revenue	0.95%	4.91%	4.83%	-21.87%	2.71%	-0.64%	2.4%	4.58%	5.19%	6.14%	6.39%	6.49%	8.63%	0.98%	-1.63%	1.84%	3.83%	5.12%	3.25%	3.64%	1.87%	1.26%
Basic Earnings Per Share	$0.47	$2.41	$2.12	-$6.77	$1.28	-$0.26	$0.84	$1.53	$1.55	$1.71	$1.67	$1.65	$2.48	$0.83
Diluted Earnings Per Share	$0.46	$2.26	$2.00	-$6.77	$1.27	-$0.26	$0.84	$1.51	$1.54	$1.69	$1.65	$1.62	$2.27	$0.82	-$614.1K	$304.3K	$607.9K	$741.0K	$498.0K	$418.2K	$176.8K	$96.77K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$49.17M	$58.77M	$72.69M	$59.60M	$111.5M	$169.1M	$300.5M	$209.2M	$258.5M	$230.4M	$336.1M	$313.2M	$375.7M	$340.7M	$289.3M	$156.2M	$131.8M	$171.9M	$124.8M	$8.300M	$7.100M
YoY Change	-16.32%	-19.16%	21.96%	-46.55%	-34.06%	-43.73%	43.64%	-19.07%	12.2%	-31.45%	7.31%	-16.64%	10.27%	17.77%	85.21%	18.51%	-23.33%	37.74%	1403.61%	16.9%
Cash & Equivalents	$49.17M	$58.77M	$72.69M	$59.60M	$86.60M	$99.40M	$175.9M	$110.7M	$32.50M	$59.20M	$112.0M	$81.10M	$79.00M	$99.10M	$125.0M	$54.80M	$61.80M	$73.20M	$124.8M	$8.300M	$7.100M
Short-Term Investments				$0.00	$25.00M	$69.70M	$124.6M	$98.50M	$226.0M	$171.2M	$224.1M	$232.1M	$296.7M	$241.6M	$164.3M	$101.4M	$70.00M	$98.70M	$0.00
Other Short-Term Assets	$73.34M	$47.75M	$55.27M	$51.80M	$67.50M	$71.90M	$49.20M	$31.10M	$37.40M	$43.10M	$52.20M	$88.00M	$140.9M	$80.30M	$49.90M	$46.70M	$43.40M	$40.00M	$32.60M	$29.20M	$18.00M
YoY Change	53.59%	-13.61%	6.7%	-23.26%	-6.12%	46.14%	58.2%	-16.84%	-13.23%	-17.43%	-40.68%	-37.54%	75.47%	60.92%	6.85%	7.6%	8.5%	22.7%	11.64%	62.22%
Inventory	$571.3M	$605.7M	$586.4M	$473.2M	$632.6M	$645.3M	$501.9M	$500.0M	$484.2M	$450.8M	$397.8M	$393.8M	$334.4M	$309.0M	$262.3M	$244.0M	$262.0M	$237.7M	$216.7M	$208.0M	$150.0M
Prepaid Expenses
Receivables	$26.02M	$77.76M	$29.56M	$196.0M	$89.20M	$68.90M	$19.20M	$19.00M	$15.50M	$24.40M	$26.60M	$26.80M	$17.00M	$13.20M	$5.500M	$7.200M	$14.30M	$8.300M	$4.100M	$2.300M	$2.300M
Other Receivables	$57.57M	$0.00	$170.3M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$777.4M	$789.9M	$914.2M	$780.6M	$900.8M	$955.2M	$870.9M	$759.3M	$795.7M	$748.7M	$812.8M	$821.8M	$868.0M	$743.1M	$607.0M	$454.0M	$451.6M	$458.0M	$378.1M	$247.8M	$177.4M
YoY Change	-1.58%	-13.59%	17.12%	-13.34%	-5.7%	9.68%	14.7%	-4.57%	6.28%	-7.89%	-1.1%	-5.32%	16.81%	22.42%	33.7%	0.53%	-1.4%	21.13%	52.58%	39.68%
Property, Plant & Equipment	$941.3M	$935.8M	$904.0M	$997.0M	$1.314B	$409.6M	$355.2M	$375.3M	$374.2M	$337.9M	$318.6M	$300.3M	$235.7M	$212.3M	$206.4M	$233.4M	$192.8M	$116.9M	$95.90M	$90.10M	$74.10M
YoY Change	0.58%	3.52%	-9.33%	-24.11%	220.75%	15.32%	-5.36%	0.29%	10.74%	6.06%	6.09%	27.41%	11.02%	2.86%	-11.57%	21.06%	64.93%	21.9%	6.44%	21.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$62.86M	$63.82M	$55.58M	$58.60M	$57.80M	$58.10M	$6.100M	$93.70M	$93.10M	$242.6M	$243.2M	$96.70M	$53.90M	$50.00M		$1.300M	$12.50M	$0.00	$0.00	$23.70M	$1.400M
YoY Change	-1.51%	14.83%	-5.16%	1.38%	-0.52%	852.46%	-93.49%	0.64%	-61.62%	-0.25%	151.5%	79.41%	7.8%			-89.6%			-100.0%	1592.86%
Other Assets	$88.08M	$91.08M	$31.65M	$31.20M	$56.20M	$62.00M	$47.40M	$32.30M	$80.20M	$83.10M	$20.80M	$17.40M	$23.20M	$8.000M	$8.600M	$3.000M	$6.600M	$2.200M	$1.600M	$900.0K	$4.400M
YoY Change	-3.29%	187.77%	1.45%	-44.48%	-9.35%	30.8%	46.75%	-59.73%	-3.49%	299.52%	19.54%	-25.0%	190.0%	-6.98%	186.67%	-54.55%	200.0%	37.5%	77.78%	-79.55%
Total Long-Term Assets	$1.299B	$1.220B	$1.100B	$1.196B	$1.564B	$665.4M	$550.6M	$669.2M	$573.4M	$689.5M	$608.4M	$440.3M	$339.9M	$298.4M	$243.8M	$267.2M	$242.3M	$150.3M	$129.6M	$147.6M	$113.8M
YoY Change	6.49%	10.84%	-7.99%	-23.54%	135.09%	20.85%	-17.72%	16.71%	-16.84%	13.33%	38.18%	29.54%	13.91%	22.4%	-8.76%	10.28%	61.21%	15.97%	-12.2%	29.7%
Total Assets	$2.076B	$2.010B	$2.015B	$1.977B	$2.465B	$1.621B	$1.422B	$1.429B	$1.369B	$1.438B	$1.421B	$1.262B	$1.208B	$1.042B	$850.8M	$721.2M	$693.9M	$608.3M	$507.7M	$395.4M	$291.2M
YoY Change
Accounts Payable	$289.4M	$255.4M	$340.9M	$245.1M	$299.1M	$261.6M	$179.3M	$186.3M	$215.6M	$170.6M	$168.7M	$152.1M	$151.2M	$150.3M	$120.6M	$95.20M	$114.6M	$95.00M	$85.50M	$72.10M	$52.20M
YoY Change	13.32%	-25.09%	39.08%	-18.05%	14.33%	45.9%	-3.76%	-13.59%	26.38%	1.13%	10.91%	0.6%	0.6%	24.63%	26.68%	-16.93%	20.63%	11.11%	18.59%	38.12%
Accrued Expenses	$287.0M	$380.8M	$374.0M	$409.5M	$345.4M	$168.9M	$106.2M	$97.10M	$80.70M	$81.60M	$82.60M	$88.60M	$113.9M	$97.40M	$75.30M	$45.60M	$38.00M	$53.40M	$44.50M	$24.20M	$11.80M
YoY Change	-24.61%	1.81%	-8.67%	18.56%	104.5%	59.04%	9.37%	20.32%	-1.1%	-1.21%	-6.77%	-22.21%	16.94%	29.35%	65.13%	20.0%	-28.84%	20.0%	83.88%	105.08%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.400M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change													-100.0%
Long-Term Debt Due	$6.750M		$0.00	$62.50M									$0.00	$132.1M						$0.00	$100.0K
YoY Change			-100.0%										-100.0%							-100.0%
Total Short-Term Liabilities	$622.3M	$636.1M	$758.9M	$752.7M	$680.0M	$463.2M	$327.5M	$316.6M	$323.4M	$283.8M	$284.4M	$275.3M	$307.5M	$422.5M	$224.7M	$158.3M	$168.9M	$159.3M	$139.6M	$108.9M	$74.20M
YoY Change	-2.18%	-16.18%	0.83%	10.69%	46.8%	41.44%	3.44%	-2.1%	13.95%	-0.21%	3.31%	-10.47%	-27.22%	88.03%	41.95%	-6.28%	6.03%	14.11%	28.19%	46.77%
Long-Term Debt	$420.3M	$281.0M	$225.5M	$272.3M	$190.0M	$160.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$55.00M	$35.00M
YoY Change	49.57%	24.61%	-17.17%	43.32%	18.75%														-100.0%	57.14%
Other Long-Term Liabilities	$671.1M	$656.4M	$617.8M	$708.6M	$872.1M	$165.0M	$138.7M	$174.4M	$140.8M	$143.3M	$138.3M	$128.2M	$113.8M	$130.1M	$101.2M	$97.30M	$91.50M	$74.50M	$63.40M	$52.70M	$38.10M
YoY Change	2.24%	6.25%	-12.82%	-18.75%	428.55%	18.96%	-20.47%	23.86%	-1.74%	3.62%	7.88%	12.65%	-12.53%	28.56%	4.01%	6.34%	22.82%	17.51%	20.3%	38.32%
Total Long-Term Liabilities	$1.091B	$937.4M	$843.3M	$980.9M	$1.062B	$325.0M	$138.7M	$174.4M	$140.8M	$143.3M	$138.3M	$128.2M	$113.8M	$130.1M	$101.2M	$97.30M	$91.50M	$74.50M	$63.40M	$107.7M	$73.10M
YoY Change	16.43%	11.16%	-14.03%	-7.65%	226.8%	134.32%	-20.47%	23.86%	-1.74%	3.62%	7.88%	12.65%	-12.53%	28.56%	4.01%	6.34%	22.82%	17.51%	-41.13%	47.33%
Total Liabilities	$1.717B	$1.577B	$1.602B	$1.734B	$1.744B	$788.2M	$466.3M	$491.0M	$464.2M	$427.1M	$422.7M	$403.5M	$421.3M	$796.3M	$325.9M	$255.6M	$260.4M	$233.7M	$203.0M	$216.6M	$147.3M
YoY Change	8.9%	-1.59%	-7.58%	-0.61%	121.29%	69.03%	-5.03%	5.77%	8.69%	1.04%	4.76%	-4.23%	-47.09%	144.34%	27.5%	-1.84%	11.42%	15.12%	-6.28%	47.05%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	61.30M shares	67.60M shares	73.02M shares	72.20M shares	73.60M shares	80.03M shares	80.16M shares	81.54M shares	87.56M shares	89.50M shares	90.47M shares	88.85M shares	70.44M shares	21.44M shares
Diluted Shares Outstanding	63.38M shares	72.10M shares	77.27M shares	72.20M shares	74.61M shares	80.03M shares	80.69M shares	82.14M shares	88.50M shares	90.61M shares	91.90M shares	90.61M shares	74.28M shares	21.58M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $342.43 Million

About Designer Brands Inc.

Designer Brands, Inc. engages in the design, production, and retail of footwear and accessory brands. The company is headquartered in Columbus, Ohio and currently employs 14,000 full-time employees. The company went IPO on 2005-06-29. The firm operates through three segments: the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment operates the DSW Designer Shoe Warehouse (DSW) banner through its direct-to-consumer United States stores and e-commerce site. The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites. The Brand Portfolio segment is engaged in sale of wholesale products to retailers and international distributors; commissions for serving retailers as the design and buying agent for products under private labels; and the sale of branded products. The firm sells its branded products on direct-to-consumer e-commerce sites for the Vince Camuto, Keds, Hush Puppies, and Topo brands. The Company’s Topo business designs specialty athletic footwear.

Industry: Retail-Shoe Stores Peers: ABERCROMBIE & FITCH CO /DE/ AMERICAN EAGLE OUTFITTERS INC Boot Barn Holdings, Inc. CALERES INC BUCKLE INC CHICO'S FAS, INC. GUESS INC URBAN OUTFITTERS INC TJX COMPANIES INC /DE/ Victoria's Secret & Co.