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Sep 30, 2021
Steve Madden Q3 2021 Earnings Report
Delivered record quarterly sales and earnings, driven by strong consumer demand and outstanding retail segment performance.
Key Takeaways
Steve Madden announced record third-quarter results, with the highest quarterly sales and earnings in the company's history. The retail segment, particularly digital and brick-and-mortar channels, showed outstanding performance, and the wholesale business improved sequentially. The company raised its fiscal year 2021 guidance.
Delivered the highest quarterly sales and earnings in history.
Retail segment was a standout, with strong results in digital and brick-and-mortar channels.
Wholesale business showed strong sequential improvement.
Increased share repurchase authorization by approximately $200 million, bringing the total to $250 million.
Revenue by Segment
Forward Guidance
The Company is raising its fiscal 2021 guidance. For fiscal 2021, the Company now expects revenue will increase 50% to 52% over fiscal 2020. The Company now expects diluted EPS will be in the range of $2.21 to $2.26 and Adjusted diluted EPS will be in the range of $2.30 to $2.35.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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