Steven Madden Ltd (SHOO) Tops Q3 EPS by 1c

Steven Madden Ltd (NASDAQ: SHOO) reported Q3 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $392 million versus the consensus estimate of $392.1 million.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “As previously reported, business during the third quarter was softer than we anticipated, particularly in our retail segment, as we continue to be impacted by a lack of significant fashion footwear trends on which to capitalize. While near-term business trends are challenging, we are excited about the steps we took in the quarter to position the Company for long-term growth. In August, we added a powerful contemporary footwear brand to our portfolio with the acquisition of Dolce Vita, and in September, we signed a definitive agreement to acquire our Mexican licensee, an important move in our continued international expansion.”

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

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