Steven Madden (SHOO) Tops Q1 EPS by 3c, Guides FY EPS Below Consensus

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Steve Madden Announces First Quarter Results

April 20, 2018 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 first quarter ended March 31, 2018.

Amounts referred to as Adjusted exclude the items that are described under the heading Non-GAAP Adjustments.

For the First Quarter 2018:

Net sales increased 6.2% to $389.0 million compared to $366.4 million in the same period of 2017. Gross margin was 36.2%. Gross margin in the first quarter of 2017 was 36.2%. Adjusted gross... More