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Mar 31, 2023
Steve Madden Q1 2023 Earnings Report
Steve Madden's Q1 2023 performance saw revenue and earnings slightly exceed expectations despite a challenging retail environment and conservative order patterns.
Key Takeaways
Steve Madden reported Q1 2023 results with revenue and earnings slightly ahead of expectations. The company faced a challenging retail environment and conservative order patterns from wholesale customers. They reduced inventory levels and drove strong gross margin performance.
Revenue and earnings slightly exceeded expectations.
Inventory levels were further reduced.
Gross margin performance was strong despite a promotional retail landscape.
The company remains focused on executing strategic initiatives.
Revenue by Segment
Forward Guidance
The Company continues to expect revenue will decrease 6.5% to 8.0% compared to 2022. The Company expects diluted EPS will be in the range of $2.39 to $2.49. The Company continues to expect Adjusted diluted EPS will be in the range of $2.40 to $2.50.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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