Steve Madden announced preliminary sales results for the fourth quarter and fiscal year ended December 31, 2015. For the fourth quarter, net sales were $344.2 million, up 0.5% compared to the same period of 2014. Net sales for the wholesale division decreased 1.8% to $265.0 million. Retail net sales grew 8.9% to $79.2 million. Retail comparable store sales for the fourth quarter of 2015 increased 6.1%.

For fiscal year 2015, net sales were $1.4 billion, a 5.3% increase compared to fiscal year 2014. Wholesale net sales grew 3.3% to $1.2 billion. Retail net sales increased 15.9% to $240.3 million. Retail comparable store sales for fiscal year 2015 increased 11.2%.

Diluted EPS for fiscal year 2015 is now expected to be at the low end of the company's previously provided guidance range of $1.85 to $1.95.