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Mar 31, 2021
Steve Madden Q1 2021 Earnings Report
Steve Madden's first quarter results significantly exceeded expectations, driven by strong retail performance and on-trend product assortments.
Key Takeaways
Steve Madden reported strong first quarter 2021 results, exceeding expectations with revenue growth driven by the retail segment, particularly the digital business. The company remains cautious about the near-term outlook due to COVID-19 and supply chain disruptions but is confident in its long-term growth prospects.
First quarter revenue significantly exceeded expectations.
Retail segment revenue increased 27.5% compared to the first quarter of 2020, driven by strong e-commerce performance.
Wholesale revenue decreased by 3.7% compared to the first quarter of 2020.
The Company ended the quarter with 215 company-operated retail stores.
Revenue by Segment
Forward Guidance
For the second quarter of 2021, the Company expects revenue will be in the range of $360 million to $365 million and diluted EPS will be in the range of $0.26 to $0.28.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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