Steven Madden (NASDAQ: SHOO) reported Q3 EPS of $0.77, in-line with the analyst estimate of $0.77. Revenue for the quarter came in at $441.2 million versus the consensus estimate of $441.03 million.

Company Outlook

The Company is maintaining its full-year outlook and expects that net sales in fiscal year 2017 will increase 9% to 11% over net sales in 2016. The Company expects that diluted EPS on a GAAP basis for fiscal year 2017 will be in the range of $2.03 to $2.09. The Company expects that Adjusted diluted EPS for fiscal year 2017 will be in the range of $2.18 to $2.24.

For the Third Quarter 2017:

• Net sales increased 8.0% to $441.2 million compared to $408.4 million in the same period of 2016.
• Gross margin was 37.6% as compared to 37.8% in the same period last year, a decrease of 20 basis points.
• Operating expenses as a percentage of sales were 23.8%. Adjusted operating expenses as a percentage of sales were 23.7% as compared to 23.5% of sales in the same period of 2016.
• Operating income totaled $65.4 million, or 14.8% of net sales. Adjusted operating income was $65.9 million, or 14.9% of net sales, compared with operating income of $63.8 million, or 15.6% of net sales, in the same period of 2016.
• Net income was $44.2 million, or $0.77 per diluted share. Adjusted net income was $44.5 million, or $0.77 per diluted share, compared to $43.8 million, or $0.74 per diluted share, in the prior year\'s third quarter.

GUIDANCE:

Steven Madden sees FY2017 EPS of $2.18-$2.24, versus the consensus of $2.23.

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