Steve Madden Announces First Quarter 2020 Results
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Steve Madden (SHOO) Misses Q1 EPS by 4c, Revenues Beat
May 28, 2020 7:00 AM EDTSteve Madden (NASDAQ: SHOO) reported Q1 EPS of $0.16, $0.04 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $359.2 million versus the consensus estimate of $356.34 million.
First Quarter 2020 Review
Revenue decreased 13.6% to $359.2 million compared to $415.8 million in the same period of 2019.Gross margin was 37.2% compared to 38.9% in the same period last year.Operating expenses as a percentage of revenue were 41.8% compared to 28.2% of revenue in the same period of 2019. Adjusted operating expenses as a percentage of... More