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Sep 30, 2023
Steve Madden Q3 2023 Earnings Report
Returned to year-over-year earnings growth, demonstrating business model strength in challenging environments.
Key Takeaways
Steve Madden announced its Q3 2023 results, revealing a return to year-over-year earnings growth. The company's wholesale revenue was $433.5 million, a 0.3% decrease compared to the third quarter of 2022. Direct-to-consumer revenue was $116.4 million, a 1.8% decrease compared to the third quarter of 2022.
Returned to year-over-year earnings growth in Q3 2023.
Wholesale revenue decreased by 0.3% compared to Q3 2022.
Direct-to-consumer revenue decreased by 1.8% compared to Q3 2022.
Company ended the quarter with 251 brick-and-mortar retail stores and five e-commerce websites.
Revenue by Segment
Forward Guidance
The Company is updating its fiscal 2023 guidance. For fiscal 2023, the Company now expects revenue will decrease approximately 7% compared to 2022. The Company now expects diluted EPS will be approximately $2.35. The Company now expects Adjusted diluted EPS will be approximately $2.40.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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