Core Viewpoint - Analysts project that Steven Madden (SHOO) will report quarterly earnings of $0.54 per share, reflecting an 11.5% decline year over year, while revenues are expected to reach $548.56 million, marking a 5.6% increase from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 6.1% in the past 30 days, indicating a reassessment by covering analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3] Revenue Projections - Total Revenue - Net Sales is estimated at $546.24 million, representing a 5.6% increase year over year [5] - Total Revenue - Wholesale Accessories/Apparel is projected to reach $142.08 million, indicating a 9.6% year-over-year change [5] - Total Revenue - Wholesale is expected to be $370.96 million, reflecting a 4.6% increase from the prior year [5] - Revenue - Direct-to-Consumer is forecasted at $173.69 million, showing a 7% year-over-year change [6] - Total Revenue - Wholesale Footwear is estimated at $228.88 million, indicating a 1.7% increase year over year [6] Operational Income - Income from operations - Wholesale Accessories/Apparel is estimated at $16.35 million, down from $35.96 million reported in the same quarter last year [7] Stock Performance - Over the past month, shares of Steven Madden have declined by 6.6%, compared to a 1.8% decline in the Zacks S&P 500 composite [7] - Currently, SHOO holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance in the near future [7]

Core Viewpoint - Steven Madden, Ltd. (SHOO) is expected to report a year-over-year increase in revenues for the fourth quarter of 2024, with a consensus estimate of $548.6 million, reflecting a 5.6% increase from the previous year [1][2]. Revenue Performance - The company's revenues are projected to grow due to strategic initiatives, including a focus on direct-to-consumer (DTC) sales, diversification into accessories and apparel, and strengthening international presence [4][7]. - DTC channel revenues are anticipated to increase by 6.8% year over year in the fourth quarter, driven by enhancements in e-commerce and digital marketing strategies [5]. - Wholesale revenues are expected to grow by 4.7% year over year, with wholesale accessories projected to increase by 7.5% and wholesale footwear by 3% [6]. Earnings Performance - Despite the revenue growth, the earnings per share (EPS) is expected to decline by 11.5% year over year, with a consensus estimate of 54 cents [3]. - The company has delivered a trailing four-quarter earnings surprise of 9.8% on average, with the last quarter's earnings surpassing the Zacks Consensus Estimate by 2.3% [3]. Operating Environment - The operating environment remains challenging due to cautious consumer spending and rising operating expenses, which are expected to have deleveraged by 120 basis points as a percentage of sales in the fourth quarter [8]. Earnings Prediction Model - The current earnings prediction model does not indicate a strong likelihood of an earnings beat for Steven Madden, with an Earnings ESP of +4.67% and a Zacks Rank of 5 (Strong Sell) [9].

Core Insights - Steve Madden has announced the acquisition of UK-based Kurt Geiger for an enterprise value of approximately £289 million in cash [1][3] - The acquisition aims to enhance Steve Madden's portfolio by adding a brand that has shown exceptional growth, particularly in handbags, and aligns with the company's strategic initiatives to expand internationally and in direct-to-consumer channels [2][3] Company Overview - Steve Madden is a designer and marketer of fashion footwear, accessories, and apparel, with a diverse brand portfolio including Steve Madden®, Dolce Vita®, Betsey Johnson®, and others [6] - Kurt Geiger, which had an estimated revenue of approximately £400 million for the twelve months ended February 1, 2025, operates footwear concessions in luxury department stores in the UK [2][6] Transaction Details - The transaction has been unanimously approved by Steve Madden's Board of Directors and will be funded through a combination of committed debt financing and cash on hand [3] - The deal is expected to close in the second quarter of 2025, pending regulatory clearance and customary closing conditions [3] Leadership Comments - Edward Rosenfeld, CEO of Steve Madden, expressed excitement about the acquisition, highlighting Kurt Geiger's strong brand image and growth potential [2] - Neil Clifford, CEO of Kurt Geiger, noted the brand's progress and the significant expansion opportunities available with Steve Madden as a strategic partner [2]

Group 1 - Company plans to release its fourth quarter and fiscal year end 2024 earnings results on February 26, 2025 [1] - Management will host a conference call at 8:30 a.m. Eastern Time to review the results [1] - The conference call will be webcast live on the Company's website [2] Group 2 - Participants can register for the conference call to receive dial-in information and a unique PIN [3] - It is recommended to join the call 10 minutes prior to the event start [3] Group 3 - Company designs, sources, and markets fashion-forward footwear, accessories, and apparel under various brands [4] - Steve Madden licenses products for the Anne Klein brand and operates both brick-and-mortar and e-commerce stores [4] - The wholesale distribution includes a variety of retail channels such as department stores, online retailers, and specialty retailers [4]

Core Insights - Steven Madden, Ltd. (SHOO) achieves success through a focus on trendy, consumer-relevant products and fast market adaptation, driving growth across footwear, accessories, and apparel [1][5] - The brand's e-commerce growth, international expansion, and strong wholesale performance highlight effective strategic execution [1][2] Financial Performance - In the third quarter of 2024, Steven Madden's revenues grew 13% year over year to $624.7 million, driven by a 48% increase in the accessories and apparel segments [7] - The wholesale segment reported a 14.4% year-over-year revenue growth to $495.7 million, with organic growth at 4.8% excluding acquisitions [8][9] - E-commerce revenue grew by 10% year over year in the same quarter, reflecting ongoing investments in digital transformation [6] Product and Market Strategy - Key product launches, such as tall-shaft boots and soccer-inspired sneakers, have resonated well with consumers, showcasing the brand's ability to innovate [6] - The company plans to expand its international presence, with revenues from international markets climbing 11% in the fiscal third quarter, and anticipates a 14.7% increase in 2024 [10] Omnichannel and Customer Engagement - The Direct-to-Consumer (DTC) segment posted a 7.8% revenue increase in the fiscal third quarter, highlighting the success of the brand's omnichannel strategy [11] - Enhancements to the online platform and customer experience are expected to fuel sustained growth in e-commerce [6] Future Outlook - The company projects 2024 revenues to grow 13-14% year over year, with specific segments like wholesale and international expected to see significant increases [7][10]

Steven Madden, Ltd. (SHOO) continues to demonstrate resilience and potential for sustained success, driven by its solid financial performance, expanding market reach and operational excellence. The company’s innovative product strategies and commitment to digital advancements highlight its competitive edge.In the past six months, shares of this leading branded apparel, footwear and accessories company have gained 2.3%, significantly outperforming the Shoes and Retail Apparel industry’s 23.6% decline.SHOO St ...

Steven Madden, Ltd. (SHOO) is positioned for sustained growth and success, driven by strong financial performance, market expansion and operational efficiency. The company's impressive fiscal third-quarter results, innovative product offerings and focus on digital transformation underscore its market strength. With an optimistic outlook and a raised 2024 guidance, it demonstrates significant potential for long-term success in the retail sector.SHOO’s Category Diversification & Market ResponsivenessThe compa ...

A downtrend has been apparent in Steven Madden (SHOO) lately with too much selling pressure. The stock has declined 8.1% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for s ...

Steve Madden (NASDAQ: SHOO ) presented 3Q24 results a few weeks ago. The results were relatively good, with wholesale and DTC revenues growing organically and inorganically and margins down a little on an adjusted basis. The most challengingLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of com ...

Steven Madden, Ltd. (NASDAQ:SHOO) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Danielle McCoy - Vice President, Corporate Development and Investor Relations Edward Rosenfeld - Chairman and Chief Executive Officer Zine Mazouzi - Chief Financial Officer Conference Call Participants Kelly Crago - Citi Aubrey Tianello - BNP Paribas Dana Telsey - Telsey Advisory Group Laura Champine - Loop Capital Janine Stichter - BTIG Operator Good day, and thank you for standing by. Welcome ...