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Jun 30, 2020
Steve Madden Q2 2020 Earnings Report
Steve Madden's Q2 2020 performance was impacted by the COVID-19 pandemic, but benefited from strong digital commerce growth.
Key Takeaways
Steve Madden reported a challenging second quarter due to the COVID-19 pandemic, with significant declines in wholesale and retail revenue. However, the company saw strong growth in digital commerce, particularly on stevemadden.com, and maintained a strong balance sheet.
Wholesale revenue decreased 72.5% due to order cancellations resulting from the COVID-19 pandemic.
Retail revenue decreased 49.2% due to store closures, partially offset by strong e-commerce performance.
The company ended the quarter with 225 company-operated retail stores.
Cash, cash equivalents, and marketable securities totaled $356.9 million as of June 30, 2020.
Steve Madden
Steve Madden
Steve Madden Revenue by Segment
Revenue by Segment
Direct-to-Consumer Revenue
CapyFin.com Forward Guidance
Given the continued disruption and uncertainty related to the COVID-19 pandemic, the Company is not providing guidance at this time.