Steve Madden Announces Fourth Quarter and Full Year 2019 Results and Provides Initial Fiscal Year 2020 Revenue and EPS Guidance
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Steve Madden (SHOO) Reports In-Line Q4 EPS, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
February 27, 2020 7:01 AM ESTSteve Madden (NASDAQ: SHOO) reported Q4 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $419.6 million versus the consensus estimate of $424.05 million.
For the Fourth Quarter 2019:
Revenue increased 0.7% to $419.6 million compared to $416.8 million in the same period of 2018.Gross margin was 37.7% compared to 38.1% in the same period last year. Adjusted gross margin was 37.8% in 2019.Operating expenses as a percentage of revenue were 33.1% compared to 32.1% in the same period of 2018. Adjusted operating expenses as a percentage of revenue were 30.0% compared to 29.0% in the same period of... More