Steve Madden Q1 revenue up 55% to $559.7M, EPS $0.94; raises FY2022 guidance

STEVEN MADDEN, LTD.

2022-Q1 EPS reported $0.94 revenue$559,734,000

Q1 revenue $559.7M (+55% YoY); diluted EPS $0.94 vs $0.26; adjusted EPS $0.92.
Wholesale revenue $449.0M (+54.1%); DTC revenue $108.3M (+60.5%); gross margin 40.7%.
Board declared $0.21/share quarterly dividend, payable June 24, 2022, record June 13, 2022.
FY2022 guidance raised: revenue +13-16%, diluted EPS $2.87-$2.97, adjusted EPS $2.90-$3.00.
Repurchased ~$42.4M of common stock in Q1; cash and equivalents $180.2M at quarter end.

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