Steven Madden (SHOO) Tops Q3 EPS by 4c; Updates FY16 EPS Outlook

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Steve Madden Announces Third Quarter 2016 Results

November 1, 2016 6:59 AM EDT

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 financial results for the third quarter ended September 30, 2016.

For the Third Quarter 2016:

Net sales decreased 1.2% to $408.4 million compared to $413.5 million in the same period of 2015. Gross margin expanded 180 basis points to 37.8% as compared to 36.0% in the same period last year. Operating expenses as a percentage of sales were 23.5% compared to 21.6% of sales in... More