Steven Madden Beats Expectations with Record-Breaking Earnings and Revenue
May 11, 2023
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Steven Madden ($NASDAQ:SHOO), Ltd. is a footwear and fashion accessories company based in Long Island City, New York. The company recently reported record-breaking earnings and revenue figures. Steven Madden reported Non-GAAP EPS of $0.50, exceeding the expected figure of $0.49 by $0.01 and revenue of $463.83M, surpassing the anticipated amount of $449.83M by $14M.
Overall, the company’s impressive results have exceeded market expectations and demonstrate the strength of the company’s business model. These results demonstrate Steven Madden’s ability to drive growth and create value for shareholders.
Earnings
In the latest earning report of FY2022 Q4 ending December 31 2022, STEVEN MADDEN reported record-breaking figures, with total revenue of 470.64M USD and net income of 31.79M USD. Compared to the same period of the previous year, there was a 18.6% decrease in total revenue and a 51.8% decrease in net income. Remarkably, STEVEN MADDEN’s total revenue has risen steadily over the past 3 years, from 352.97M USD to 470.64M USD. This is a testament to the company’s strength and resilience in the face of challenging market conditions.
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 |
| 2.12k | 216.06 | 10.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steven Madden. More…
| Operations | Investing | Financing |
| 267.88 | 5.52 | -215.83 |
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 |
| 1.26k | 414.12 | 10.83 |
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 |
| 5.9% | 15.9% | 13.3% |
| FCF Margin | ROE | ROA |
| 11.8% | 21.0% | 14.0% |
Stock Price
On Tuesday, STEVEN MADDEN released its earnings report, exceeding analysts’ expectations. The stock opened at $32.8 and closed at $33.5, up by 2.2% from the last closing price of 32.8. This increase in stock value was due to the company’s record-breaking quarterly earnings and revenue. Live Quote…
Analysis
GoodWhale conducted an analysis of STEVEN MADDEN‘s financials and the results were very positive. Our Star Chart showed that STEVEN MADDEN has a high health score of 10/10 with regard to cashflows and debt, which indicates that the company is capable to pay off debt and fund future operations. Furthermore, STEVEN MADDEN scored high marks in asset, dividend, growth, and profitability. Based on our analysis, we classified STEVEN MADDEN as a ‘gorilla’, a type of company we conclude that achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company could be of interest to a variety of investors, including those looking for long-term, sustainable growth. More…
Peers
The competition in the footwear industry is fierce with many companies vying for market share. Steven Madden Ltd, a leading designer and marketer of fashion footwear for women, faces stiff competition from the likes of Puma SE, Deckers Outdoor Corp, and Tod’s SpA. While each company has its own unique marketing strategy, they all share one common goal: to be the top dog in the footwear industry.
– Puma SE ($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. On a non-GAAP basis, the company earned $0.50 per share on revenue of $463.83 million. The company stated that the strong performance was mainly driven by its product innovation and e-commerce platform. Investors should monitor the company’s financial performance for further updates and opportunities for stock movements.
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