Steven Madden (SHOO) Reports In-Line Q4 EPS; Guides Roughly In-Line
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Steve Madden Announces Fourth Quarter and Full Year 2016 Results and Provides Initial Fiscal Year 2017 Sales and EPS Guidance
February 28, 2017 6:59 AM ESTLONG 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 fourth quarter ended December 31, 2016, and provided initial fiscal year 2017 sales and EPS guidance.
For the Fourth Quarter 2016:
Net sales decreased 2.3% to $336.4 million compared to $344.3 million in the same period of 2015. Gross margin expanded 260 basis points to 38.7% as compared to 36.1% in the same period last year. Operating expenses as... More