designer brands inc reported a shrinking profit in the third quarter while sales ticked higher but fell below wall street analyst expectations the maker of footwear and accessories posted a profit of 452 million or 65 cents a share compared with 802 million or 104 cents a share in the same quarter a year ago stripping out onetime items adjusted earnings were 67 cents a share analysts polled by factset had been looking for 72 cents a share sales came in at 865 million up from 8535 million analysts had been expecting 8767 million according to factset comparable sales which strip out the effects of store openings and closings were up 3 from the same quarter last year the companys cost of goods sold climbed more than 7