Steven Madden (SHOO) Tops Q1 EPS by 1c; Guides FY15 In-Line

Steven Madden (NASDAQ: SHOO) reported Q1 EPS of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $323.9 million versus the consensus estimate of $316.4 million.

Steven Madden sees FY2015 EPS of $1.85-$1.95, versus the consensus of $1.91. The Company continues to expect that net sales will increase 7% to 9% over net sales in 2014.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We were pleased with our first quarter results, with both sales and earnings meeting plan. Importantly, we saw a number of new fashion footwear trends begin to emerge, which contributed to double digit comparable store sales growth in our retail business. While sales in our wholesale footwear business excluding acquisitions were down, as expected, in the first quarter, we saw a meaningful improvement in sell-through at our retail partners compared to the prior year. In addition, our wholesale accessories business recorded a strong sales increase, driven by growth in Betsey Johnson, Madden Girl and private label handbags. Overall, we are pleased with the underlying trends we are seeing in our business and remain on track to meet our sales and earnings targets for 2015

For earnings history and earnings-related data on Steven Madden (SHOO) click here.

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