Steven Madden reports Q1 adjusted EPS 65c, consensus 56c

Reports Q1 revenue $552.4M, consensus $526.16M. CEO Edward Rosenfeld commented, “We got off to a strong start to 2024, with Q1 revenue increasing 19% and Adjusted diluted EPS rising 30% compared to the same period in 2023. We also demonstrated tangible progress on our key strategic initiatives, with double-digit percentage revenue growth in international markets, non-footwear categories and direct-to-consumer channels as well as a return to year-over-year revenue growth in the U.S. wholesale footwear business. Looking ahead, we are confident that the continued execution of our strategy will enable us to drive sustainable revenue and earnings growth and create significant value for our stakeholders over the long term.”