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Sep 30, 2022
Steve Madden Q3 2022 Earnings Report
Delivered solid results with revenue increasing 5% and earnings in line with expectations.
Key Takeaways
Steve Madden reported solid Q3 2022 results with a 5% increase in revenue. Despite a challenging environment and wholesale customers pulling back on orders, consumer demand remains healthy, and the direct-to-consumer business is trending as expected. The company has adjusted its fiscal 2022 outlook accordingly.
Revenue increased by 5% year-over-year.
Wholesale business revenue increased by 8.1% compared to Q3 2021.
Direct-to-consumer revenue decreased by 3.7% compared to Q3 2021, driven by a decline in e-commerce.
The company ended the quarter with 216 brick-and-mortar retail stores and six e-commerce websites, as well as 20 company-operated concessions in international markets.
Revenue by Segment
Forward Guidance
The company is updating its fiscal 2022 guidance and now expects revenue will increase 12.5% to 13.5% over fiscal 2021. The Company now expects diluted EPS will be in the range of $2.77 to $2.79. The Company now expects Adjusted diluted EPS will be in the range of $2.77 to $2.82.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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