Steven Madden Reports Record Q3 Earnings
November 9, 2023
🌥️Trending News
The Washington Post recently reported that Steven Madden ($NASDAQ:SHOO), Ltd., the publicly traded footwear company, had their best quarter yet, with record breaking third-quarter earnings. With a wide selection of product lines, including casual wear, dresswear, sandals, and more, the company is able to meet the needs of a variety of different customers. The company is also highly successful when it comes to marketing and promotion, using a range of digital marketing methods and celebrity endorsements to further promote their brand. The company’s impressive third-quarter earnings can be attributed to a number of factors, including strong same-store sales growth and a significant increase in online sales.
The company’s stock has responded positively to the news of record-breaking quarterly earnings, which is a testament to investor confidence in the company’s long-term success. With strong financials and a number of other factors supporting its success, Steven Madden, Ltd. looks to be on track for continued growth in the near future.
Earnings
In the latest earning report released by STEVEN MADDEN for the fiscal year 2023 second quarter ending June 30 2021, the company reported a total revenue of 397.89M USD and a net income of 36.85M USD. This marks a 25.6% decrease in total revenue and a 24.0% decrease in net income when compared to the same period last year. Despite the decrease, STEVEN MADDEN’s total revenue has grown from 397.89M USD to 445.3M USD in the past three years. This shows that despite a decrease in profits and revenues, STEVEN MADDEN is continuing to remain profitable with a long-term focus on growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Steven Madden. More…
| Total Revenues | Net Income | Net Margin |
| 1.94k | 164.35 | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steven Madden. More…
| Operations | Investing | Financing |
| 309.85 | -10.83 | -191.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Steven Madden. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.27k | 428.53 | 10.85 |
Key Ratios Snapshot
Some of the financial key ratios for Steven Madden are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 64.4% | 10.8% |
| FCF Margin | ROE | ROA |
| 15.0% | 15.9% | 10.3% |
Price History
On Wednesday, STEVEN MADDEN reported record earnings in its third quarter of the fiscal year. The company’s stock opened at $32.7 and closed at $33.9, a slight decrease of 0.1% from its last closing price of $34.0. This marks the company’s fifth consecutive quarter of positive earnings results, a trend that is expected to continue into the fourth quarter of the year.
Despite the slight dip in the stock price, investors remain optimistic as the company continues to see positive growth and increase in sales. Steven Madden has seen tremendous success in expanding their product lines and developing a strong online presence, allowing them to reach a greater number of customers. With its strong financial performance, Steven Madden is well-positioned to continue its growth in the coming quarters. Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of STEVEN MADDEN‘s fundamentals. In our Star Chart, we have classified STEVEN MADDEN as a “rhino” type of company, which indicates that it has achieved moderate revenue or earnings growth. When it comes to its financial strength, STEVEN MADDEN is strong in assets, dividends, and profitability. It is medium in terms of growth, as indicated by its Star Chart classification. STEVEN MADDEN’s health score of 10 out of 10 in terms of cashflows and debt signals that it is capable of safely riding out any crisis without the risk of bankruptcy. Investors looking for a company that has achieved moderate growth and has a high health score may be interested in STEVEN MADDEN. More…
Peers
The competition in the footwear industry is fierce with many companies vying for market share. Steven Madden Ltd, a leading designer and marketer of fashion footwear for women, faces stiff competition from the likes of Puma SE, Deckers Outdoor Corp, and Tod’s SpA. While each company has its own unique marketing strategy, they all share one common goal: to be the top dog in the footwear industry.
– Puma SE ($OTCPK:PUMSY)
Puma SE is a German multinational corporation that designs and manufactures athletic and casual footwear, apparel, and accessories. As of 2022, Puma SE has a market cap of 6.97B and a Return on Equity of 17.11%. Founded in 1948, Puma SE is the third largest sportswear manufacturer in the world. The company’s products are sold in over 120 countries worldwide.
– Deckers Outdoor Corp ($NYSE:DECK)
Deckers Outdoor Corporation is an American footwear company based in Goleta, California. The company was founded in 1973 by Douglas Tompkins and owns several brands including UGG, Teva, and Sanuk. As of 2022, the company had a market capitalization of $9.2 billion and a return on equity of 23.76%. The company’s products are sold in over 170 countries and its brands are some of the most recognizable in the world.
– Tod’s SpA ($OTCPK:TODGF)
Tod’s SpA is an Italian luxury goods company specializing in leather shoes, handbags, luggage, and other accessories. The company was founded in 1920 by Filippo della Valle and is headquartered in Rome, Italy. As of 2022, Tod’s SpA had a market capitalization of 1.03 billion euros and a return on equity of 2.64%.
Summary
Steven Madden, Ltd. Steven Madden’s stock price surged in the after-hours trading session following the earnings announcement on the back of the better-than-expected results.
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