Steven Madden Ltd

SHOO

Equity

ISIN US5562691080 / Valor 160093

NASDAQ (2024-09-18)

USD 47.46+0.76%

Steven Madden Ltd
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About company

Steven Madden Ltd is a fashion-forward footwear, accessories, and apparel company that designs, sources, and markets products under its own brands such as Steve Madden®, Dolce Vita®, Betsey Johnson®, Blondo®, and GREATS®. Additionally, the company licenses footwear and handbag categories for the Anne Klein® brand and designs products under private label brand names for various retailers. Steven Madden's wholesale distribution includes a wide range of retailers, and the company also operates brick-and-mortar retail stores and e-commerce websites. Established in 1990 and publicly traded on The NASDAQ Global Select Market under the symbol SHOO, Steven Madden Ltd is headquartered in Long Island City, New York.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Steven Madden Ltd. reported a 17.6% increase in revenue for the second quarter of 2024, reaching $523.6 million compared to $445.3 million in the same period of 2023. This growth was driven by strong performance in the accessories and apparel categories, as well as gains in international markets and direct-to-consumer channels.

Income from Operations

Income from operations for Steven Madden Ltd. in the second quarter of 2024 totaled $46.9 million, or 9.0% of revenue, compared to $44.0 million, or 9.9% of revenue, in the same period of 2023. Adjusted income from operations was $54.5 million, or 10.4% of revenue, compared to $44.5 million, or 10.0% of revenue, in the same period of 2023.

Net Income

Net income attributable to Steven Madden Ltd. for the second quarter of 2024 was $35.4 million, or $0.49 per diluted share, compared to $34.5 million, or $0.46 per diluted share, in the same period of 2023. Adjusted net income was $41.2 million, or $0.57 per diluted share, compared to $34.9 million, or $0.47 per diluted share, in the same period of 2023.

Quarterly Cash Dividend

Steven Madden Ltd.'s Board of Directors approved a quarterly cash dividend of $0.21 per share. The dividend is payable on September 23, 2024, to stockholders of record as of the close of business on September 13, 2024.

2024 Outlook

For fiscal 2024, Steven Madden Ltd. continues to expect revenue to increase by 11% to 13% compared to 2023. The company also anticipates diluted EPS to be in the range of $2.43 to $2.53, with adjusted diluted EPS expected to be between $2.55 and $2.65.

Summarized from source with an LLMView Source

Key figures

51.1%1Y

19.6%3Y

37.6%5Y

Performance

25.8%1Y

34.0%3Y

44.3%5Y

Volatility