Company Earnings Update 4 minutesRegister for Free AccessSteve Madden (NASDAQ: SHOO) 4Q18 Results: Steady Navigation Amid Rough Seas on Strength of Steve Madden Brand Portfolio Coresight Research February 28, 2019 Executive Summary 4Q18 sales rose 12.6% driven by a 14.1% increase in wholesale revenues and a 7.9% increase in retail sales. Same store sales rose 4% reflecting a 30% increase in SteveMadden.com sales growth. Adjusted operating profit contracted 80 bps to 9.2% of sales on 90 bps gross margin contraction in the wholesale segment offset by modest gross margin improvement in the retail segment. Adjusted EPS increased 31.3% to $0.42. Adjusted EPS guidance for 2019 is $1.75-1.83 versus adjusted EPS of $1.83. Guidance includes $0.21 in expected impact from the Payless ShoeSource bankruptcy ($0.16) and a higher tax rate ($0.05). Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Five Ways Brands and Retailers Can Use AI/ML and Shared Data to Energize End-to-End Product ManagementBeauty Shopping in Focus; Economic Sentiment Turns Negative: US Consumer Survey InsightsInnovator Profile: Selectika—Enhancing Online Product Discovery Through Intelligent Metadata EnrichmentThree Data Points We’re Watching This Week, Week 21: US Retail and Consumer Developments
