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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) announced the addition of Arian Simone and Peter A. Davis to its Board of Directors, expanding it to eleven members, nine of whom are independent. Edward Rosenfeld, CEO, expressed confidence in their expertise enhancing the company's strategic direction. Simone, with a strong marketing background and experience with Fearless Fund, and Davis, a footwear industry veteran, bring valuable insights. Their appointments are expected to bolster shareholder value by complementing the existing board's skills.
Steven Madden, Ltd. (Nasdaq: SHOO) reported a 52.4% revenue increase to $528.7 million for Q3 2021, with net income of $66.6 million ($0.82/share) compared to a net loss of $7.0 million a year earlier. Gross profit rose to 41.6%, while operating expenses decreased to 24.9%. The company also raised its fiscal 2021 revenue guidance to a 50%-52% increase over 2020 and announced a quarterly cash dividend of $0.15 per share. Additionally, the board approved a $200 million increase in share repurchase authorization, bringing the total to $250 million.
Steve Madden, Ltd. (NASDAQ: SHOO), a prominent designer and marketer of fashion footwear, accessories, and apparel, will release its third quarter 2021 earnings results on November 3, 2021. A conference call with management is scheduled for 8:30 a.m. Eastern Time to discuss these results. Analysts can join using the North American dial-in number (877) 552-1336, and international participants can use (805) 905-2996 with conference ID 2461056. The call will also be available for public live streaming online.
Steven Madden, Ltd. (Nasdaq: SHOO) reported a substantial revenue increase of 178.6% for Q2 2021, reaching $397.9 million, compared to $142.8 million in Q2 2020. Gross margin improved to 42.7%, and net income was $36.9 million or $0.45 per diluted share, recovering from a net loss of $(16.6) million in the previous year. The company also plans to increase revenues by 43% to 47% over 2020. A quarterly cash dividend of $0.15 per share was approved, payable on September 27, 2021.
Steven Madden, Ltd. (NASDAQ: SHOO) announced plans to release its Q2 2021 earnings results on July 28, 2021. A conference call will take place at 8:30 a.m. ET for management to discuss the financial outcomes. Analysts can join via North American dial-in at (877) 552-1336 or international at (805) 905-2996, using conference ID 5251407. The call will be accessible to employees and the public through a live internet stream as well as a replay available for 12 months after the event.
Steven Madden, Ltd. (Nasdaq: SHOO) reported a 0.5% revenue increase in Q1 2021, totaling $361.0 million. Gross margin improved to 38.5% from 37.2% year-over-year. Operating expenses fell to 30.6% of revenue, leading to an operating income of $28.0 million, a significant recovery from a loss in Q1 2020. Net income reached $21.2 million, or $0.26 per diluted share. The company declared a quarterly cash dividend of $0.15 per share. Looking ahead, Q2 revenue is projected between $360 million and $365 million amid ongoing COVID-19 challenges.
On April 14, 2021, Steven Madden, Ltd. (NASDAQ: SHOO) announced the completion of its acquisition of the remaining 49.9% stake in its European joint venture, enhancing its presence in the European market where it distributes Steve Madden-branded products. Since its establishment in June 2016, the joint venture has seen robust growth, including a 21% revenue increase in 2020 despite COVID-19 challenges. Edward Rosenfeld, CEO, expressed optimism about future growth, leveraging the company's strong digital-first approach.
Steven Madden, Ltd. (NASDAQ: SHOO) has announced that it will release its first quarter 2021 earnings results on April 28, 2021. A conference call is scheduled for 8:30 a.m. Eastern Time to discuss the results. Financial analysts can join via specified dial-in numbers, and the public can listen online at the provided link. A replay of the call will be available for 12 months. The company is a leading designer of fashion footwear and accessories, with a diverse range of brands and distribution channels worldwide.
Steve Madden (Nasdaq: SHOO) reported a 15.9% decrease in fourth-quarter revenue to $353.0 million and a 32.8% drop in annual revenue to $1.2 billion for 2020. Despite pandemic challenges, adjusted gross margin improved slightly to 38.2%. The company reinstated its quarterly cash dividend of $0.15 per share, payable on March 26, 2021. Net income for Q4 was $22.6 million or $0.28 per diluted share, up from $17.8 million or $0.21 per diluted share in Q4 2019. The company's outlook remains cautious due to ongoing COVID-19 impacts.
Steven Madden, Ltd. (NASDAQ: SHOO) announced the release date for its fourth quarter and fiscal year end 2020 earnings results on February 25, 2021. A conference call will be held at 8:30 a.m. Eastern Time to discuss these results. Financial analysts can access the call using specific dial-in numbers, and the public can also listen online. The company offers a range of fashion-forward footwear, accessories, and apparel, distributing products through various retail channels and licensing agreements. A replay of the call will be available for 12 months after the live event.
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