Steve Madden Q3 adj. EPS $0.91, revenue $624.7M; raises FY24 guidance

STEVEN MADDEN, LTD.

2024-Q3 EPS reported $1.87 revenue$1,700,609,000

Revenue $624.7M (+13% YoY); GAAP EPS $0.77 vs $0.87; Adj EPS $0.91 vs $0.88.
Wholesale +14.4% (+4.8% ex-Almost Famous); accessories/apparel +54.2%; footwear -2.2%.
FY24 guidance raised: revenue +13-14%, GAAP EPS $2.36-$2.41, Adj EPS $2.62-$2.67.
Quarterly dividend $0.21/share declared, payable Dec 27, record Dec 13.
Q3 share repurchases $20.2M; cash $150.5M; inventory $268.7M.

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