Steven Madden, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 01, 2024 at 06:59 am EDT
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Steven Madden, Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 550.57 million compared to USD 461.74 million a year ago. Revenue was USD 552.38 million compared to USD 463.83 million a year ago.
Net income was USD 43.93 million compared to USD 36.73 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.6 compared to USD 0.48 a year ago.
Steven Madden, Ltd., and its subsidiaries designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. The Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. The Direct-to-Consumer segment consists of Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores. Its Licensing segment is engaged in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.
STEVEN MADDEN, LTD. 
