Steven Madden (SHOO) Reports In-Line Q4 EPS; Guides Roughly In-Line

Steven Madden (NASDAQ: SHOO) reported Q4 EPS of $0.49, in-line with the analyst estimate of $0.49. Revenue for the quarter came in at $336.4 million versus the consensus estimate of $338.19 million.

GUIDANCE:

Steven Madden sees Q1 2017 EPS of $2.12-$2.18, versus the consensus of $2.20.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We are pleased to have delivered solid earnings results in the fourth quarter, with EPS at the high end of our guidance range, despite a challenging retail environment. While overall sales declined modestly due primarily to softness in our private label footwear and cold weather accessories businesses, we had outstanding top line growth in our core Steve Madden Women’s wholesale business, and we also achieved strong gross margin improvement in both the wholesale footwear and wholesale accessories segments. As we look ahead, while we are cautious about the overall environment, we are pleased with the momentum in our core business and confident we can drive top and bottom line growth in 2017 and beyond.”

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

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