Steve Madden Q1: Revenue $552M (+19% YoY), adjusted EPS $0.65 (+30% YoY), guides FY EPS $2.51-$2.61

STEVEN MADDEN, LTD.

2024-Q1 EPS reported $0.60 revenue$552,381,000

Revenue $552.4M (+19.1% YoY); net income $43.9M ($0.60 diluted EPS); adjusted diluted EPS $0.65.
Wholesale revenue +21.0% (excl. Almost Famous +9.7%); DTC revenue +12.8% with improved gross margin.
FY 2024 outlook: revenue +11-13%, diluted EPS $2.51-$2.61, adjusted diluted EPS $2.55-$2.65 (unchanged).
Board declared $0.21 quarterly dividend, payable June 21, 2024 to holders of record June 10, 2024.
Spent $37.3M on share repurchases in Q1, including net settlement of employee stock awards.

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 0.95

STEVEN MADDEN, LTD. reported the first quarter ended March 31, 2024 results: revenue $552.4 million, net income $43.9 million, EPS $0.60 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $552.4 million
Net income: $43.9 million
EPS: $0.60 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 2024 Results ● Revenue increased 19.1% to $552.4 million, compared to $463.8 million in the same period of 2023. ● Gross profit as a percentage of revenue was 40.7%, compared to 42.1% in the same period of 2023. Adjusted gross profit

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Source: SEC EDGAR

accession 0001493152-24-017345

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