Steven Madden (SHOO) Misses Q1 EPS by 1c
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Steve Madden Announces First Quarter 2016 Results
April 22, 2016 6:59 AM EDTLONG 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 financial results for the first quarter ended March 31, 2016.
For the First Quarter 2016:
Net sales increased 1.7% to $329.4 million compared to $323.9 million in the same period of 2015. Gross margin expanded 90 basis points to 35.3% as compared to 34.4% in the same period last year. Operating expenses as a percentage of sales were 26.9% compared to 25.4% of sales in... More