secwatch.observer — SEC 8-K summary
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Issuer:     STEVEN MADDEN, LTD. (SHOO)
CIK:        0000913241
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001493152-23-015857
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913241/000149315223015857/0001493152-23-015857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913241/000149315223015857/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015857

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer