Steven Madden (SHOO) Tops Q1 EPS by 4c

Steven Madden (NASDAQ: SHOO) reported Q1 EPS of $0.47, $0.04 better than the analyst estimate of $0.43. Revenue for the quarter came in at $366.4 million versus the consensus estimate of $359.52 million.

• Net sales increased 11.2% to $366.4 million compared to $329.4 million in the same period of 2016.
• Gross margin was 36.2%. Adjusted gross margin was 36.6% as compared to 35.3% in the same period last year, an increase of 130 basis points.
• Operating expenses as a percentage of sales were 28.9%. Adjusted operating expenses as a percentage of sales were 26.8% as compared to 26.9% of sales in the same period of 2016.
• Operating income totaled $30.8 million, or 8.4% of net sales. Adjusted operating income was $39.5 million, or 10.8% of net sales, compared with operating income of $29.9 million, or 9.1% of net sales, in the same period of 2016.
• Net income was $20.2 million, or $0.35 per diluted share. Adjusted net income was $27.5 million, or $0.47 per diluted share, compared to $23.7 million, or $0.39 per diluted share, in the prior year\'s first quarter.

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

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