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Steven Madden Ltd. (symbol: SHOO) is a globally recognized leader in the fashion industry. Founded in 1990, the company has established a substantial presence with offices and stores throughout the United States. Known for its dynamic and fast-paced work environment, Steven Madden Ltd. employs hundreds of individuals across various areas of expertise.
The company's core business spans retail, wholesale, licensee, and international operations, constantly seeking new ideas and versatility. Steven Madden Ltd. markets products under its owned brands, including Steve Madden, Steven by Steve Madden, Madden Girl, Freebird by Steven, Stevies, Betsey Johnson, Dolce Vita, DV by Dolce Vita, Brian Atwood, B Brian Atwood, Report Signature, Report, Big Buddha, Wild Pair, Cejon, and Mad Love. Additionally, the company is a licensee for brands such as Olsenboye for footwear, handbags, and belts, and Superga and L.E.I. for footwear.
Steven Madden Ltd. designs and sells both brand-name and private-label footwear and accessories, catering to fashion-conscious adults and children. Its products are available through department stores, other retailers, and its own stores and websites. The company’s revenue is generated from various operating segments: Wholesale Footwear, Wholesale Accessories or Apparel, Direct-to-Consumer, and Licensing.
The Wholesale Footwear segment is the largest revenue contributor, followed by Wholesale Accessories or Apparel. Meanwhile, the Direct-to-Consumer segment includes sales made through the company’s retail stores and e-commerce platforms, while the Licensing segment involves revenue from licensing agreements.
Steven Madden Ltd. continues to innovate and expand its product offerings, maintaining a strong financial position and strategic partnerships. Recent achievements and projects highlight the company’s commitment to growth and leadership in the fashion sector.
Steve Madden (Nasdaq: SHOO) reported financial results for Q4 and the full year 2022, showing a 13.7% revenue increase to $2.122 billion. The gross profit margin improved slightly to 41.2%. However, Q4 revenue dropped 18.6% to $470.6 million. Despite a reduction in net income in Q4 to $31.8 million, the company declared a dividend of $0.21 per share. The outlook for 2023 anticipates a revenue decline of 6.5% to 8% and diluted EPS between $2.40 and $2.50. CEO Edward Rosenfeld expressed cautious optimism, citing the company’s resilience and strategic positioning amidst market challenges.
Steven Madden, Ltd. (NASDAQ: SHOO) will release its fourth quarter and fiscal year-end 2022 earnings on February 23, 2023. A conference call will follow at 8:30 a.m. Eastern Time. Financial analysts can join via designated call numbers; the public can also listen live through the provided webcast link. The company, recognized for its fashion-forward footwear and accessories for all ages, distributes products through various channels including department stores and e-commerce. A replay of the call will be available for 12 months on the investor relations website.
Steven Madden, Ltd. (Nasdaq: SHOO) reported a 5.3% revenue increase to $556.6 million for Q3 2022, compared to $528.7 million in Q3 2021. Gross profit margin decreased to 41.2%, while operating expenses rose to 27.1%. Income from operations was $78.8 million, down from $88.4 million in the previous year. Net income was $61.3 million, or $0.79 per diluted share, compared to $66.6 million, or $0.82 per diluted share, in Q3 2021. The company updated its fiscal 2022 outlook, expecting revenue to increase by 12.5% to 13.5% and diluted EPS between $2.77 to $2.79.
On October 19, 2022, Steven Madden, Ltd. (NASDAQ: SHOO) announced plans to release its third quarter earnings results on November 2, 2022. The company will host a conference call at 8:30 AM Eastern Time to review these results, which will be available for live listening on its website. Interested participants can register for the call to receive a unique PIN for access, and a replay will be available post-call. Steven Madden designs and markets fashion-forward footwear, accessories, and apparel for various demographics.
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