earnings
confidence high
sentiment positive
materiality 0.80
Steve Madden Q4 revenue up 10.4% to $519.7M; EPS $0.49 beats; guides FY24 revenue +11-13%
STEVEN MADDEN, LTD.
2023-FY EPS reported
$2.30
revenue$1,981,582,000
- Q4 revenue $519.7M (+10.4% YoY); diluted EPS $0.49 (adjusted $0.61); operating margin improved.
- Full year 2023 revenue $2.0B (-6.6% YoY); net income $171.6M or $2.30 diluted EPS (adjusted $2.45).
- FY 2024 outlook: revenue growth 11%-13%; diluted EPS guidance $2.55-$2.65.
- Quarterly cash dividend of $0.21/share declared, payable March 22, 2024 to holders of record March 8, 2024.
- Stock repurchases: $38M in Q4 and $142M in full year 2023.