Steve Madden Q3 Earnings Top Estimates As Revenue Jumps 13%, Lifts 2024 Outlook
Steve Madden Q3 Earnings Top Estimates As Revenue Jumps 13%, Lifts 2024 Outlook
Gross profit as a percentage of revenue was 41.5% compared to 42.1% in the same period of 2022. Adjusted operating expenses as a percentage of revenue were 27.9% compared to 27.0% in the same period of 2022.Steven Madden, Ltd. (NASDAQ:SHOO) shares are trading lower on Thursday. The company reported third-quarter adjusted EPS of 91 cents, beating the Wall Street View of 89 cents.
史蒂夫·麦登有限公司（纳斯达克股票代码：SHOO）周四股价下跌。该公司报告调整后的第三季度每股收益为91美分，超过了华尔街预期的89美分。
Quarterly revenues of $624.7 million surpassed the analyst consensus of $607.9 million. Revenue increased 13.0% year over year.
季度营业收入为62470万美元，超过分析师一致预期的60790万美元。营业收入同比增长13.0%。
Direct-to-consumer revenue was $125.5 million, a 7.8% increase year over year. Revenue for the wholesale business was $495.7 million, a 14.4% increase year over year.
直接面向消费者的营业收入为12550万美元，同比增长7.8%。批发业务的营业收入为49570万美元，同比增长14.4%。
Gross profit as a percentage of revenue was 41.5% compared to 42.1% in the same period of 2022. Adjusted operating expenses as a percentage of revenue were 27.9% compared to 27.0% in the same period of 2022.
毛利润占营业收入的比例为41.5%，与2022年同期的42.1%相比下降。调整后的营业费用占营业收入的比例为27.9%，较2022年同期的27.0%有所增加。
The company ended the quarter with 282 company-operated brick-and-mortar retail stores and five e-commerce websites, as well as 67 company-operated concessions in international markets.
该公司季末拥有282家公司自营的实体零售店和五家电子商务网站，以及在国际市场拥有67家公司自营的专柜。
As of Sept. 30, cash and equivalents and short-term investments totaled $150.5 million. Inventory totaled $268.7 million as of the same date.
截至9月30日，现金及等价物以及短期投资总额为15050万美元。库存截至同一日期总额为26870万美元。
Dividend: The company approved a quarterly cash dividend of 21 cents per share. The dividend is payable on Dec. 27, to stockholders of record on Dec. 13.
股息：公司批准每股21美分的季度现金股利。该股息将于12月27日支付给12月13日持股人。
Buyback: The company repurchased shares worth $20.2 million, which includes shares acquired through the net settlement of employees' stock awards.
回购：公司回购价值2020万美元的股票，其中包括通过员工股票奖励的净结算收购的股份。
Outlook: Steve Madden raised its FY24 revenue guidance to a 13%-14% increase (up from 11%-13%) and now expects adjusted EPS to be in the range of $2.62-$2.67, up from the prior range of $2.55-$2.65. The consensus estimate for adjusted EPS is $2.64.
展望: Steve Madden将其FY24营业收入指引上调至13%-14%的增长(之前为11%-13%)，现预计调整后的每股收益范围为$2.62至$2.67，高于先前的$2.55至$2.65的范围。调整后的每股收益的共识估计为$2.64。
Edward Rosenfeld, chairman and chief executive officer, said, "This performance was driven by outstanding growth in the accessories and apparel categories – including another quarter of exceptional performance in Steve Madden handbags and a strong contribution from newly acquired Almost Famous – and robust top line gains in international markets and direct-to-consumer channels, demonstrating our team's strong execution of our key strategic initiatives."
Edward Rosenfeld，董事长兼首席执行官，表示:"这一业绩是由配饰和服装类别的卓越增长推动的—包括Steve Madden手袋再次表现出色的季度和新收购的Almost Famous的强劲贡献—以及在国际市场和直销渠道的强劲收入增长，展示了我们团队对关键战略举措的强大执行能力"。
Price Action: SHOO shares are up 1.1% at $44.75 at last check Thursday.
股价走势: SHOO股票在上周四最新交易时上涨1.1%，报$44.75。
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照片通过Wikimedia Commons
