Steven Madden (SHOO) Misses Q4 EPS by 1c; Guides FY15 In-Line

Steven Madden (NASDAQ: SHOO) reported Q4 EPS of $0.34, $0.01 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $342.6 million versus the consensus estimate of $340.75 million.

Steven Madden sees FY2015 EPS of $1.85-$1.95, versus the consensus of $1.95. For fiscal year 2015, the Company expects that net sales will increase 7% to 9% over net sales in 2014.

dward Rosenfeld, Chairman and Chief Executive Officer, commented, “Fourth quarter 2014 was a tough quarter capping a difficult year for the Company. Throughout 2014, we were impacted by a lack of significant fashion footwear trends on which to capitalize. In the fourth quarter, we faced additional challenges including production delays on goods from Mexico and slowdowns at the West Coast ports. While 2014 was a difficult year, we are excited about the steps we took during 2014 and early in 2015 to position the Company for future growth. In 2014, we implemented a new e-commerce platform, acquired two powerful footwear brands in Dolce Vita and Brian Atwood, and moved to an ownership model in two important international markets with the acquisition of our Mexican licensee and the formation of a joint venture in South Africa. In January 2015, we announced our acquisition of Blondo, which adds an authentic waterproof boot brand to our portfolio. We believe that these initiatives will significantly enhance the Company’s long-term growth prospects.”

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

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