Steve Madden Announces Third Quarter Results

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Steven Madden (SHOO) Tops Q3 EPS by 4c, Revenues Beat; Lifts FY18 EPS Outlook

October 30, 2018 7:06 AM EDT

Steven Madden (NASDAQ: SHOO) reported Q3 EPS of $0.65, $0.04 better than the analyst estimate of $0.61. Revenue for the quarter came in at $458.5 million versus the consensus estimate of $472.97 million.

Net sales increased 3.9% to $458.5 million compared to $441.2 million in the same period of 2017.Gross margin was 38.2% compared to 37.6% in the same period last year, an increase of 60 basis points.Operating expenses as a percentage of sales were 24.0% compared to 23.8% of sales... More