Steven Madden Q1 revenue down 17% to $463.8M; EPS $0.48 vs $0.94; boosts buyback by $189.9M

STEVEN MADDEN, LTD.

2023-Q1 EPS reported $0.48 revenue$463,834,000

Q1 revenue $463.8M (-17.1% YoY); net income $36.7M ($0.48 diluted EPS) vs $74.5M ($0.94) prior year.
Adjusted EPS $0.50 vs $0.92; company says results slightly ahead of expectations.
Wholesale revenue -19.3%; DTC -8.1%; gross margin improved to 42.1% from 40.7%.
Board authorized $189.9M increase in share repurchase program, total $250M; Q1 repurchased $38.5M.
Quarterly cash dividend $0.21/share declared, payable June 23, record June 12.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STEVEN MADDEN, LTD. reported first quarter ended March 31, 2023 results: revenue $463.8 million, net income $36.7 million, EPS $0.48 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $463.8 million
Net income: $36.7 million
EPS: $0.48 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

are non-GAAP measures that exclude the items defined as “Non-GAAP Adjustments” in the “Non-GAAP Reconciliation” section. First Quarter 2023 Results ● Revenue decreased 17.1% to $463.8 million compared to $559.7 million in the same period of 2022. ● Gross profit as a percentage of revenue was 42.1% compared to 40.7% in the same period of 2022. ● Operating expenses as

View on SEC.gov

Browse all earnings releases →

STEVEN MADDEN, LTD. filing history →

Source: SEC EDGAR

accession 0001493152-23-015857

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.