Steven Madden (SHOO) Prelim. Q4, FY15 Revenue Slightly Lighter than Expected
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Steve Madden Announces Fourth Quarter and Fiscal Year 2015 Sales Results
January 11, 2016 4:15 PM ESTUpdates Fiscal Year 2015 EPS Guidance
LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)-- Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion footwear and accessories for women, men and children, today announced preliminary sales results for the fourth quarter and fiscal year ended December 31, 2015, and updated its fiscal year 2015 EPS guidance.
For the fourth quarter, net sales were $344.2 million, up 0.5% compared to the same period of 2014. Net sales for the wholesale division decreased 1.8% to $265.0 million. Retail net sales grew 8.9% to $79.2 million. Retail comparable store sales for the fourth quarter of 2015... More
