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Sep 30, 2020
Steve Madden Q3 2020 Earnings Report
Delivered revenue and earnings that significantly exceeded expectations.
Key Takeaways
Steve Madden announced third quarter results, exceeding expectations despite the negative impact of the COVID-19 pandemic. Actions taken to address the changing marketplace, such as adjusting the merchandise mix and accelerating digital commerce initiatives, have positioned the company to navigate the crisis and capitalize on market share opportunities.
Third quarter revenue and earnings significantly exceeded expectations.
Wholesale business revenue decreased by 32.7% to $283.8 million.
Retail revenue decreased by 22.1% to $59.0 million, with brick-and-mortar decline partially offset by e-commerce growth.
Ended the quarter with 221 company-operated retail stores.
Revenue by Segment
Forward Guidance
Given the continued disruption and uncertainty related to the COVID-19 pandemic, the Company is not providing guidance at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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