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Mar 31, 2022
Steve Madden Q1 2022 Earnings Report
Reported highest quarterly earnings in history, driven by robust consumer demand and strong performance across channels, product categories, and geographies.
Key Takeaways
Steve Madden announced record-breaking quarterly earnings for Q1 2022, driven by strong consumer demand and effective execution of strategic initiatives. The company's performance was strong across all channels, product categories, and geographies. As a result, the company raised its fiscal year 2022 guidance.
Delivered the highest quarterly earnings in the company's history.
Wholesale business revenue increased by 54.1% compared to Q1 2021.
Direct-to-consumer revenue increased by 60.5% compared to Q1 2021.
The company is raising its fiscal 2022 guidance.
Revenue by Segment
Forward Guidance
The Company is raising its fiscal 2022 guidance. For fiscal 2022, the Company now expects revenue will increase 13% to 16% over fiscal 2021. The Company now expects diluted EPS will be in the range of $2.87 to $2.97. The Company now expects Adjusted diluted EPS will be in the range of $2.90 to $3.00.
Positive Outlook
- Revenue will increase 13% to 16% over fiscal 2021.
- Diluted EPS will be in the range of $2.87 to $2.97.
- Adjusted diluted EPS will be in the range of $2.90 to $3.00.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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