3 minutes

Steve Madden (NASDAQ: SHOO) 1Q19 Results: Steve Madden Women’s Wholesale and Accessories Drive Strong Momentum

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Other Contributors:
Marie Driscoll, CFA, Managing Director of Beauty and Luxury
Company Earnings Update

Executive Summary

  • 1Q19 sales rose 5.6% driven by strong growth in wholesale accessories. Same-store sales rose 6.3% driven by the strong performance in e-commerce.
  • The adjusted operating margin expanded 80 basis points (bps) to 11.0% of sales.
  • Adjusted EPS increased 16.7% to $0.42. The company raised its 2019 sales and earnings guidance, raising EPS guidance to $1.76-1.84 from $1.70-1.78.

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