Company Earnings Update 4 minutesRegister for Free AccessSteve Madden (NASDAQ: SHOO) 2Q19 Results: Steve Madden Women’s Wholesale and Accessories Drive Strong Momentum, Tariffs Cloud Outlook Coresight Research July 31, 2019 Executive Summary 2Q sales rose 12.4% driven by strong growth in wholesale footwear and accessories. Same-store sales rose 6.2% driven by strong performance in e-commerce. Adjusted operating profit contracted 10 basis points (bps) to 11.0% of sales. Adjusted EPS increased 14.6% to $0.47. The company maintained 2019 sales guidance of a 5-7% gain and adjusted diluted EPS guidance of $1.78-1.86 despite an incremental headwind of approximately $0.05 per share reflecting a tariff increase to 25% from 10% on List 3 products imported from China that came into effect on May 10. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Drones Are Really Beginning To Take OffLetting Growth Off the Leash in China’s Pet Industry: China Retail InsightsHow To Enhance the Customer Experience with Next-Generation Product Information Management and AIRising Above the Competition: Playbook for Emerging Brands To Succeed in a Crowded Market
