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Mar 31, 2024
Steve Madden Q1 2024 Earnings Report
Steve Madden's Q1 2024 earnings showcased strong revenue growth and progress on strategic initiatives.
Key Takeaways
Steve Madden reported a strong start to 2024, with a 19% increase in revenue and a 30% rise in Adjusted diluted EPS compared to the same period in 2023. The company saw double-digit percentage revenue growth in international markets, non-footwear categories, and direct-to-consumer channels, along with a return to year-over-year revenue growth in the U.S. wholesale footwear business.
Revenue increased by 19% compared to the first quarter of 2023.
Adjusted diluted EPS rose by 30% compared to the same period in 2023.
Double-digit percentage revenue growth was achieved in international markets.
The company continues to expect revenue will increase 11% to 13% compared to 2023.
Steve Madden
Steve Madden
Steve Madden Revenue by Segment
Revenue by Segment
Wholesale Revenue
CapyFin.comDirect-to-Consumer Revenue
CapyFin.com Forward Guidance
For fiscal 2024, the Company continues to expect revenue will increase 11% to 13% compared to 2023. The Company expects diluted EPS will be in the range of $2.51 to $2.61. The Company continues to expect Adjusted diluted EPS will be in the range of $2.55 to $2.65.
Revenue & Expenses
Visualization of income flow from segment revenue to net income