Executive Summary
- Steve Madden reported 4Q15 revenue of $344.3 million, up a modest 0.5% year over year and slightly above the consensus estimate of $344.1 million.
- The company reported diluted EPS of $0.43 for the quarter, up 26.5% year over year and in line with the consensus estimate. Guidance called for a 25% increase. The upside was driven by better fashion footwear trends and stronger product assortment, as reflected by a 6.1% increase in comparable same-store sales.
- The company provided diluted EPS guidance for FY16 of $1.93–$2.03, short of the $2.10 consensus estimate. Revenue is expected to increase by 2%–4% year over year, to $1.43–$1.46 billion, compared to the consensus estimate of $1.46 billion.
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