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Dec 31, 2023
Steve Madden Q4 2023 Earnings Report
Delivered fourth quarter results that exceeded expectations with organic revenue growth in wholesale and direct-to-consumer channels, supplemented by the acquisition of Almost Famous, and drove strong improvement in Adjusted operating margin.
Key Takeaways
Steve Madden reported strong Q4 2023 results, exceeding expectations in both revenue and earnings. The company saw organic growth in both its wholesale and direct-to-consumer channels, boosted by the acquisition of Almost Famous. Adjusted operating margin also showed significant improvement compared to the previous year.
Delivered fourth quarter results that exceeded expectations on both the top and bottom lines.
Saw organic revenue growth in both the wholesale and direct-to-consumer channels.
Revenue growth supplemented by the contribution from the newly acquired Almost Famous.
Drove strong improvement in Adjusted operating margin compared to the same period in the prior year.
Revenue by Segment
Forward Guidance
For 2024, the Company expects revenue will increase 11% to 13% compared to 2023. The Company expects diluted EPS will be in the range of $2.55 to $2.65.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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