Steven Madden, Ltd. announced preliminary sales results for the fourth quarter and fiscal year ended December 31, 2016. For the fourth quarter, net sales were $336.4 million, down 2.3% compared to the same period of 2015. Net sales for the wholesale division decreased 5.1% to $251.5 million. Retail net sales increased 7.1% to $84.9 million. Retail comparable store sales for the fourth quarter of 2016 increased 1.1%.

For fiscal year 2016, net sales were $1.4 billion, a 0.4% decrease compared to fiscal year 2015. Wholesale net sales decreased 2.4% to $1.1 billion. Retail net sales increased 9.3% to $262.8 million. Retail comparable store sales for fiscal year 2016 increased 4.0%.

Diluted EPS for fiscal year 2016 is now expected to be at the high end of the Company's previously provided guidance range of $1.98 to $2.03.