Steven Madden Ltd (SHOO) Reports In-Line Q1 EPS; Guides In-Line

Steven Madden Ltd (NASDAQ: SHOO) reported Q1 EPS of $0.36, in-line with the analyst estimate of $0.36. Revenue for the quarter came in at $304.6 million versus the consensus estimate of $295.5 million.

Steven Madden Ltd sees FY2014 EPS of $2.05-$2.15, versus the consensus of $2.15.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We were pleased to deliver solid overall financial results in the first quarter in a difficult environment. While a lack of fashion footwear trends and the soft overall retail climate continued to challenge our retail segment, our wholesale business was outstanding. Wholesale net sales increased 13.3%, led by strong growth across all Steve Madden brands. We also added a luxury brand to our portfolio in the quarter with our acquisition of majority ownership in the Brian Atwood® intellectual property. Looking ahead, we remain on track to meet our sales and earnings targets for the year.”

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

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