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Sep 30, 2024
Steve Madden Q3 2024 Earnings Report
Delivered strong results with revenue and adjusted earnings exceeding expectations.
Key Takeaways
Steve Madden reported strong Q3 2024 results, with revenue and adjusted earnings exceeding expectations. The growth was driven by accessories and apparel categories, international markets, and direct-to-consumer channels. The company is raising its guidance for 2024 revenue and adjusted earnings.
Revenue for the wholesale business increased by 14.4% compared to Q3 2023.
Direct-to-consumer revenue increased by 7.8% compared to Q3 2023.
The company ended the quarter with 282 brick-and-mortar retail stores and five e-commerce websites, as well as 67 company-operated concessions in international markets.
The Board of Directors approved a quarterly cash dividend of $0.21 per share.
Steve Madden
Steve Madden
Steve Madden Revenue by Segment
Revenue by Segment
Wholesale Revenue
CapyFin.comDirect-to-Consumer Revenue
CapyFin.com Forward Guidance
For fiscal 2024, the Company now expects revenue will increase 13% to 14% compared to 2023. The Company now expects diluted EPS will be in the range of $2.36 to $2.41. The Company now expects Adjusted diluted EPS will be in the range of $2.62 to $2.67.
Revenue & Expenses
Visualization of income flow from segment revenue to net income