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Stock impact report

Steve Madden Announces Fourth Quarter and Full Year 2023 Results

Steven Madden, Ltd. (SHOO) 
Last steven madden, ltd. earnings: 2/27 06:59 am Check Earnings Report
Company Research Source: GlobeNewswire
LONG ISLAND CITY, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel, today announced financial results for the fourth quarter and full year ended December 31, 2023 and provided its 2024 outlook. Amounts referred to as “Adjusted” are non-GAAP measures that exclude the items defined as “Non-GAAP Adjustments” in the “Non-GAAP Reconciliation” section. Fourth Quarter 2023 Results Revenue increased 10.4% to $519.7 million compared to $470.6 million in the same period of 2022.Gross profit as a percentage of revenue was 41.3% compared to 42.2% in the same period of 2022. Adjusted gross profit as a percentage of revenue was 41.7% in the fourth quarter of 2023.Operating expenses as a percentage of revenue were 32.4% compared to 33.8% in the same period of 2022. Adjusted operating expenses as a percentage of revenue were 31.5% compared to 33.2% in the same period of 2022.Income from oper Show less Read more
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