Insight Report 3 minutes Premium

Steve Madden [SHOO] 3Q16 Results: Solid Quarter Led by Women’s Wholesale Segment

Executive Summary

  • Steve Madden reported 3Q16 revenues of $408.4 million, down 1.2% year over year but above the consensus estimate of $404.6 million. EPS was $0.74, in line with the consensus estimate and up 5.7% from the year-ago period.
  • Comps for the retail business increased by 1.3%. New trends helped to drive growth. The Steve Madden and Dolce Vita divisions drove growth in the wholesale footwear business.
  • The company reiterated its 2016 guidance for revenue growth of 0%–1%. It increased its EPS guidance to $1.98–$2.03, which are in line with consensus estimates calling for revenue of $1.41 billion and EPS of $1.99.
You are currently viewing a preview of this report.

Please select an access option to view the full report. Hide Options -

Get unlimited access to all our research with one of our subscription plans.

View Subscription Plans
or

Contact us to purchase this report.

Contact us