Steven Madden (SHOO) Sales Light, EPS In Line - Piper Jaffray
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Steve Madden Announces Fourth Quarter and Full Year 2015 Results and Provides Initial Fiscal Year 2016 Sales and EPS Guidance
February 24, 2016 6:59 AM ESTLONG ISLAND CITY, N.Y.--(BUSINESS WIRE)-- Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion footwear and accessories for women, men and children, today announced financial results for the fourth quarter and full year ended December 31, 2015, and provided initial fiscal year 2016 sales and EPS guidance.
For the Fourth Quarter 2015:
Net sales increased 0.5% to $344.3 million compared to $342.6 million in the same period of 2014. Gross margin expanded 180 basis points to 36.1% as compared to 34.3% in the same period last year.... More