Steven Madden Ltd (SHOO) reported a 10.4% increase in Q4 revenue to $519.7 million, exceeding Wall Street's expectations.

Steven Madden Ltd (SHOO) reported a 10.4% increase in Q4 revenue to $519.7 million, beating Wall Street's expectations. Adjusted earnings per share were 61 cents, exceeding the 57-cent projection. Wholesale revenue increased 14.9% to $354.8 million, while direct-to-consumer revenue rose 1.9% to $162.3 million. The company expects 11-13% revenue growth and diluted EPS between $2.55 and $2.65 for 2024.

February 28, 2024
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