Welcome to our dedicated page for Madden Steven news (Ticker: SHOO), a resource for investors and traders seeking the latest updates and insights on Madden Steven stock.
Steven Madden Ltd (SHOO) delivers fashion-forward footwear and accessories through retail, wholesale, and licensing channels. This news hub provides investors and industry observers with verified updates about the company's strategic developments.
Track official press releases, earnings reports, and business announcements alongside curated analysis of SHOO's market position. Content spans product launches, retail expansions, licensing agreements, and financial disclosures - all essential for understanding this dynamic fashion enterprise.
Our repository eliminates fragmented information sources by consolidating material from corporate communications and trusted financial analysis. Users benefit from organized access to operational updates across SHOO's core segments: wholesale distribution, direct-to-consumer sales, and brand partnerships.
Bookmark this page for streamlined monitoring of Steven Madden's business trajectory. Return regularly for factual updates about design innovations, retail strategies, and financial performance in the competitive fashion sector.
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.
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