Steven Madden Q1 sales and earnings exceeded expectations, with revenue up 19.1% YoY at $552.4M and adjusted net income at $47M ($0.60 EPS).
Steven Madden (NASDAQ:SHOO) reported Q1 sales and earnings that beat expectations, with revenue at $552.4M (up 19.1% YoY) and adjusted net income at $47M ($0.60 EPS). The company provided FY24 EPS guidance of $2.55-2.65 and revenue guidance of $2.19-2.23B. Several analysts issued reports on the stock, including Williams Trading (hold, $44 target), StockNews.com (buy), Wedbush (neutral, $38 target), and Citigroup (neutral, $43 target).
May 01, 2024
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