Steve Madden (SHOO) 4Q15 Results: Earnings in-line, but Outlook is Soft

Executive Summary

• Steve Madden reported 4Q15 revenue of $344.3, up a modest 0.5% year over year and exceeding the company’s previous guidance of $344.1. The company updated guidance
• The company reported diluted EPS of $0.43 for the quarter, up 27% year over year and in line with the consensus estimate. The company had guided for a 25% increase. The retail business posted strong performance with a 6.1% comparable store sale gain.
• Steve Madden expects to earn $1.93–$2.03 a share, short of the $2.10 consensus estimate.