Steven Madden Reports Solid Q2 Results; Retail Revenue Outshines
July 29 2021 - 04:32AM
TipRanks
New York-based shoes and fashion accessories firm Steven Madden
(SHOO) reported strong second-quarter 2021 financial results driven
by growth in all business segments. The company designs, makes and
sells apparel, footwear and accessories for men, women and children
under the brands Mad Love, BB Dakota, GREATS, Blondo, Betsey
Johnson, Dolce Vita and Steven Madden. Adjusted earnings per share
totaled $0.48, beating the Street’s estimate of $0.30. Steven
Madden had reported a loss of $0.19 per share in the same period
last year. Quarterly revenue surged 178.6% year-over-year to $397.9
million, exceeding analysts’ expectations of $371.69 million.
Revenue from the wholesale business increased 162.2% year-over-year
to $262.
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Steven Madden (NASDAQ:SHOO)
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