Steven Madden (SHOO) Tops Q1 EPS by 4c
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Steve Madden Announces First Quarter 2017 Results
April 21, 2017 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, 2017.
Amounts referred to as Adjusted exclude the items that are described under the heading Non-GAAP Adjustments.
For the First Quarter 2017:
Net sales increased 11.2% to $366.4 million compared to $329.4 million in the same period of 2016. Gross margin was 36.2%. Adjusted gross margin was 36.6% as compared to 35.3% in the... More