Steve Madden Q2 revenue up 17.6% to $523.6M; adj. EPS $0.57 beats $0.47 YoY

STEVEN MADDEN, LTD.

2024-Q2 EPS reported $1.09 revenue$1,075,934,000

Net income $35.4M ($0.49 diluted EPS); adjusted net income $41.2M ($0.57 adj. diluted EPS).
Wholesale revenue +22.5%; excl. Almost Famous acquisition +8.2%. Accessories/apparel wholesale +86%.
DTC revenue +6.4% to $136.4M; gross margin improved to 64.3% on lower promotions.
Quarterly dividend of $0.21/share declared, payable Sept 23, record Sept 13.
FY2024 outlook reaffirmed: revenue +11-13%, adj. EPS $2.55-$2.65.

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