Madden Steven Ltd Stock Price, News & Analysis

Steve Madden (SHOO) reported strong financial results for 2024, with revenue increasing 15.2% to $2.28 billion. The full-year adjusted net income reached $192.4 million, or $2.67 per diluted share, up from $2.45 in 2023.

Fourth quarter revenue grew 12% to $582.3 million, with wholesale business up 13.6% and direct-to-consumer revenue increasing 8.4%. However, gross profit margins declined across both segments compared to 2023.

For 2025, the company projects revenue growth of 17-19% and expects diluted EPS between $2.30-$2.40. This outlook includes the pending Kurt Geiger acquisition, expected to close in Q2 2025. The company faces headwinds from new tariffs on U.S. imports but maintains a strong cash position of $203.4 million.

Steve Madden (SHOO) has announced a definitive agreement to acquire UK-based Kurt Geiger for £289 million in cash from private equity firm Cinven. Kurt Geiger, with estimated revenue of £400 million for the twelve months ended February 1, 2025, owns brands including Kurt Geiger London, KG Kurt Geiger, and Carvela.

The acquisition aligns with Steve Madden's strategic initiatives of expanding in international markets, accessories categories, and direct-to-consumer channels. Kurt Geiger operates footwear concessions within luxury department stores like Harrods and Selfridges in the UK. The transaction will be funded through committed debt financing and cash on hand, with closing expected in Q2 2025, subject to regulatory approvals.

Steve Madden (NASDAQ: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel, has scheduled its fourth quarter and fiscal year 2024 earnings release for Wednesday, February 26, 2025. The company will host a conference call with management at 8:30 a.m. Eastern Time to discuss the results.

The earnings call will be available as a webcast on the company's investor relations website and through a dedicated media server link. While the webcast is listen-only, participants interested in the Q&A session can register to receive dial-in information. Attendees are advised to join 10 minutes before the start time.

Steve Madden (SHOO) reported strong Q3 2024 results with revenue increasing 13.0% to $624.7 million. Gross profit margin decreased slightly to 41.5% from 42.1% year-over-year. Net income was $55.3 million, or $0.77 per diluted share, compared to $64.4 million, or $0.87 per diluted share in Q3 2023. Wholesale revenue grew 14.4% to $495.7 million, while direct-to-consumer revenue increased 7.8% to $125.5 million. The company raised its 2024 guidance, now expecting revenue growth of 13-14% and adjusted diluted EPS of $2.62-$2.67.

Steven Madden (NASDAQ: SHOO) has announced it will release its third quarter 2024 earnings results on Thursday, November 7, 2024. The company will host a conference call with management at 8:30 a.m. Eastern Time to review the results. Investors can access the webcast through the company's investor relations website or via a direct link. While the webcast is listen-only, participants interested in the Q&A session can register for the conference call to receive dial-in information and a unique PIN.

Unified Commerce Group (UCG) has announced the acquisition of GREATS Inc., a premium sneaker brand, from Steven Madden, (Nasdaq: SHOO). This marks UCG's third brand acquisition, joining Frank And Oak and Spiritual Gangster in its portfolio. As part of the deal, Steven Madden, will become a shareholder of UCG through a subsidiary.

UCG has also made a strategic investment in Böhme, a Utah-based womenswear retailer. With these additions, UCG's shared services platform, UCG Hub, now supports four brands with growing direct-to-consumer eCommerce businesses, over 30 retail stores, and more than 200 wholesale partners.

Founded in 2019, UCG aims to scale purpose-driven lifestyle brands through shared services, data-driven customer insights, and operational excellence.

Steve Madden (Nasdaq: SHOO) reported its Q2 2024 financial results, with revenue rising 17.6% to $523.6 million, up from $445.3 million in Q2 2023. Adjusted income from operations grew to $54.5 million, or 10.4% of revenue, versus $44.5 million, or 10.0% of revenue last year. Net income was $35.4 million, or $0.49 per diluted share, compared to $34.5 million, or $0.46 per diluted share in Q2 2023. Adjusted net income increased to $41.2 million, or $0.57 per diluted share, from $34.9 million, or $0.47 per diluted share last year.

Revenue for the wholesale business surged by 22.5% to $385.3 million. Excluding the acquisition of Almost Famous, wholesale revenue was up 8.2%. Direct-to-consumer revenue climbed 6.4% to $136.4 million.

Steve Madden ended the quarter with $192.2 million in cash and $241.6 million in inventory. The company announced a quarterly dividend of $0.21 per share and continues to expect fiscal 2024 revenue growth of 11%-13%, with adjusted EPS between $2.55 and $2.65.

Steven Madden, (NASDAQ: SHOO) has announced the release date for its second quarter 2024 earnings results. The company, known for designing and marketing fashion-forward footwear, accessories, and apparel, will disclose its financial performance on Wednesday, July 31, 2024. Following the release, management will host a conference call at 8:30 a.m. Eastern Time to review the results.

Investors and interested parties can access the webcast live on the company's website at investor.stevemadden.com or via a provided link. The webcast is listen-only, but those wishing to participate in the Q&A session can register for the conference call to receive dial-in information. It is recommended to join 10 minutes before the event starts, although registration and dial-in are available throughout the call.

In Q1 2024, Steven Madden, reported a 19.1% revenue increase to $552.4 million, with adjusted gross profit at 40.7%. Operating expenses decreased to 30.1%. Net income rose to $43.9 million, or $0.60 per diluted share. The company plans to boost revenue by 11-13% in 2024.