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. (Nasdaq: SHOO) regularly issues news and updates focused on its performance as a designer and marketer of fashion-forward footwear, accessories and apparel. Its press releases commonly cover quarterly and annual financial results, earnings guidance, dividend declarations and developments in its multibrand portfolio.
Investors following SHOO news see detailed quarterly results for the company’s Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to-Consumer and Licensing segments. Releases discuss revenue trends, gross profit as a percentage of revenue, operating expenses, income from operations and net income attributable to Steven Madden, Ltd., often with both GAAP and non-GAAP (Adjusted) measures.
Company news also highlights strategic activity. Recent announcements include a definitive agreement to acquire UK-based Kurt Geiger and the subsequent completion of that acquisition, as well as commentary on the performance of brands such as Steve Madden®, Kurt Geiger London®, Dolce Vita®, Betsey Johnson®, Carvela®, Blondo® and ATM®. Management commentary in earnings releases often addresses the impact of tariffs on goods imported into the United States, trends in wholesale and direct-to-consumer channels and the contribution of acquisitions like Kurt Geiger and Almost Famous.
Corporate governance and capital allocation items appear in SHOO news as well, including quarterly cash dividend declarations and occasional share repurchase activity. Certain Form 8-K filings referenced in news items report material events such as quarterly earnings releases, dividend decisions and changes in the Board of Directors or executive roles. For investors and analysts, this news feed provides an ongoing view into Steve Madden’s financial performance, strategic priorities and risk considerations as disclosed by the company.
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.
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