Steven Madden Ltd. (SHOO) designs, sources and markets fashion-forward footwear, accessories and apparel through owned brands, licensed categories, private-label programs, wholesale channels and direct-to-consumer retail. Its brand portfolio includes Steve Madden, Kurt Geiger London, Dolce Vita, Betsey Johnson, Carvela, Blondo and ATM, with additional licensed Anne Klein footwear, handbags and accessories.
Company news commonly covers quarterly and annual financial results, revenue outlooks, non-GAAP adjustments, dividend declarations and channel performance across wholesale distribution, stores, e-commerce and international concessions. Updates also discuss product assortments, brand demand, sourcing conditions, share activity tied to stock awards and the company’s licensing of selected brands for apparel, accessories and home categories.
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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