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Jun 30, 2024
Steve Madden Q2 2024 Earnings Report
Reported strong Q2 2024 results with revenue increasing 18% and Adjusted diluted EPS rising 23%.
Key Takeaways
Steven Madden reported strong second quarter results, with revenue increasing by 18% and adjusted diluted EPS rising by 23% compared to the same period in 2023. The growth was driven by exceptional performance in accessories and apparel, as well as gains in international markets and direct-to-consumer channels.
Revenue increased by 18% compared to the second quarter of 2023.
Adjusted diluted EPS rose by 23% compared to the same period in 2023.
Wholesale revenue increased 22.5%, or 8.2% excluding the newly acquired Almost Famous.
Direct-to-consumer revenue increased 6.4% compared to the second quarter of 2023.
Revenue by Segment
Forward Guidance
For fiscal year 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 $2.43 to $2.53. 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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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