Steven Madden (SHOO) Tops Q1 EPS by 6c

Steven Madden (NASDAQ: SHOO) reported Q1 EPS of $0.42, $0.06 better than the analyst estimate of $0.36. Revenue for the quarter came in at $410.9 million versus the consensus estimate of $404.68 million.

GUIDANCE:

Steven Madden sees FY2019 EPS of $1.78-$1.86, versus the consensus of $1.82.

• The Company is raising its fiscal year 2019 guidance. For fiscal year 2019, the Company now expects net sales will increase 5% to 7% over net sales in 2018 compared to the previous guidance of a 4% to 6% increase over net sales in 2018. The Company now expects diluted EPS for fiscal year 2019 will be in the range of $1.76 to $1.84 compared to the prior range of $1.70 to $1.78. The Company now expects Adjusted diluted EPS for fiscal year 2019 will be in the range of $1.78 to $1.86 compared to the prior range of $1.75 to $1.83.

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

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