Steven Madden, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 07:00 am
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Steven Madden, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 549.85 million compared to USD 553.12 million a year ago. Revenue was USD 552.73 million compared to USD 556.64 million a year ago. Net income was USD 64.41 million compared to USD 61.3 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.79 a year ago.
For the nine months, sales was USD 1,454.42 million compared to USD 1,643.14 million a year ago. Revenue was USD 1,461.87 million compared to USD 1,651.37 million a year ago. Net income was USD 135.67 million compared to USD 184.27 million a year ago. Basic earnings per share from continuing operations was USD 1.84 compared to USD 2.41 a year ago. Diluted earnings per share from continuing operations was USD 1.81 compared to USD 2.35 a year ago.
Steven Madden, Ltd., and its subsidiaries designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. The Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. The Direct-to-Consumer segment consists of Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores. Its Licensing segment is engaged in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.
STEVEN MADDEN, LTD. 
