Steven Madden (NASDAQ: SHOO) reported Q4 EPS of $0.48, in-line with the analyst estimate of $0.48. Revenue for the quarter came in at $364.4 million versus the consensus estimate of $364.18 million.

The Board of Directors of the Company has approved the initiation of a quarterly cash dividend, the first quarterly dividend since the Company went public in December 1993. The initial quarterly dividend of $0.20 per share is payable on March 29, 2018 to stockholders of record as of the close of business on March 12, 2018.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We are pleased to have achieved Adjusted diluted EPS at the high end of our guidance range for the fourth quarter of 2017. The solid performance in Q4 capped a strong year for the Company, with double-digit percentage growth in both net sales and Adjusted diluted EPS driven by the outstanding performance of our flagship Steve Madden brand in the wholesale channel.

"In addition, we are also pleased to announce that the Board of Directors has just approved the initiation of a quarterly cash dividend, reflecting our confidence in the Company’s long-term prospects and cash flow generation as well as our commitment to delivering value to our shareholders. The dividend complements continued investments in our brands, acquisitions and share repurchases.”

GUIDANCE:

Steven Madden sees FY2018 EPS of $2.60-$2.67, versus the consensus of $2.73.

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