Insight Report 2 minutes Premium

Steve Madden (SHOO) 1Q16 Results: Solid Quarter Helped by Strong Retail Comps and Margins

Executive Summary

  • Steve Madden reported 1Q16 revenues of $329.4 million, up 1.7% year over year and above the consensus estimate of $325.5 million. EPS was $0.33, in line with consensus and up 4.6% from the year-ago period.
  • Comps for the retail business increased by 10.7%. The Steve Madden and Dolce Vita divisions drove growth in the wholesale footwear business, which was partially offset by a decline in wholesale accessories.
  • The company reiterated its 2016 guidance for 2%–4% revenue growth and EPS of $1.93–$2.03, which is in line with consensus estimates of $1.4 billion in revenue and EPS of $2.02.

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