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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