Steve Madden Announces First Quarter 2021 Results
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Steve Madden (SHOO) Tops Q1 EPS by 16c, Revenues Beat; Offers 2Q EPS/Revenue Outlook Below Consensus
April 28, 2021 7:14 AM EDTSteve Madden (NASDAQ: SHOO) reported Q1 EPS of $0.33, $0.16 better than the analyst estimate of $0.17. Revenue for the quarter came in at $361 million versus the consensus estimate of $335.28 million.
First Quarter 2021 Review
Revenue increased 0.5% to $361.0 million compared to $359.2 million in the same period of 2020.Gross margin increased 130 basis points to 38.5% compared to 37.2% in the same period of 2020.Operating expenses as a percentage of revenue were 30.6% compared to 33.8% in the same period of 2020. Adjusted operating expenses as a percentage of revenue were 28.7% compared to 33.2% in the same period of 2020.Income from operations... More