Steven Madden Ltd (SHOO) Tops Q2 EPS by 1c; Guides In-Line

August 1, 2013 7:08 AM EDT
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Steven Madden Ltd (NASDAQ: SHOO) reported Q2 EPS of $0.65, $0.01 better than the analyst estimate of $0.64. Revenue for the quarter came in at $297.6 million versus the consensus estimate of $307.48 million.

Steven Madden Ltd sees FY2013 EPS of $2.95-$3.05, versus the consensus of $3.01.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We achieved solid sales and earnings results in the second quarter despite a challenging retail environment. Through careful inventory management, we recorded gross margin increases in both the wholesale and retail businesses. The gross margin improvement, combined with well-controlled expenses, enabled us to deliver a robust year-over-year gain in operating profit margin. We believe these results underscore the power of our brands and our business model, and we remain confident about our long term growth prospects.”

For earnings history and earnings-related data on Steven Madden Ltd (SHOO) click here.

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