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Steven Madden Studies Q2 Earnings Above Estimates; Reiterates FY22 Outlook



  • Steven Madden Ltd SHOO reported second-quarter FY22 gross sales development of 34.5% year-on-year to $535 million, beating the consensus of $487.68 million.
  • Income for the wholesale enterprise elevated 51.5% to $397.1 million, and Direct-to-consumer income rose 2.2% to $135.5 million.
  • The gross revenue margin contracted 200 foundation factors Y/Y to 40.7%.
  • The working margin was 12.2%, and working revenue for the quarter was $65.2 million.
  • Adjusted EPS of $0.63 beat the analyst consensus of $0.60.
  • Steven Madden held $180.5 million in money and equivalents as of June 30, 2022. Money offered by working actions for the six months totaled $40.3 million.
  • The corporate’s Board permitted a quarterly money dividend of $0.21 per share, payable on September 26, 2022, to stockholders of report on September 16, 2022.
  • Outlook, reiterated: Steven Madden sees FY22 adjusted EPS of $2.90 – $3.00 versus the consensus of $2.98.
  • The corporate expects FY22 income to extend 13% – 16%.
  • Value Motion: SHOO shares are buying and selling decrease by 3.94% at $32.17 on the final verify Wednesday.
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