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Steve Madden Shares Soared To Achieve Growth

2015/4/27 20:34:00 33

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Steve Madden Same Store Sales Stock Prices Soared

In the first quarter, the wholesale business of Steve Madden Ltd. was recorded at 277 million US dollars, an increase of 4.5% over the same period last year of 265 million US dollars, and the gross profit margin of wholesale business dropped to 30.9% from 170 basis points. Retail business income increased from 39 million 600 thousand dollars last year to 49 million 600 thousand US dollars, an increase of 25.3%, less than that of retail gross margin.

Ole shop

The discount increased by 60 basis points to 55.1%.

Steve Madden

Ltd. expects Group sales to increase by 7%-9% in fiscal year 2015, and EPS is expected to be US $1.85-1.95 for the whole year.

In the first quarter, the group operated 158 self operated stores, including 118 full price shops, 32 ole shops, four online stores and 4 joint stores in the South African market.

By the same quarter, the same store sales rose 11.6%, revenue and profits exceeded Wall Street analysts' expectations.

achievement

The US Footwear Group Steve Madden Ltd. (Steve Madden) rose sharply on Friday. The deadline was 41.51 U.S. dollars at 11:19AM Eastern time, or up to 8.24%.

As of the first quarter of March 31, 2015, Steve Madden Ltd. revenue grew 6.3%, from 304 million 600 thousand US dollars in the same period last year to 323 million 900 thousand US dollars, surpassing 316 million 400 thousand US dollars expected by Wall Street analysts, and net profit of 19 million 824 thousand US dollars, down 16.1% from 23 million 637 thousand in the same period last year, earning 0.32 US dollars per share, exceeding the analyst's expected US $0.31, but fell by 11.1% from the 0.36 US dollar in the same period last year.

Steve Madden Ltd. chairman and chief executive officer Edward Rosenfeld Edward expressed satisfaction with the first quarter results, especially the trend of some footwear products. However, he also said the wholesale business after the acquisition of the brand was still weak, but relying on the retail business and accessories business, I believe that sales and profit targets can be achieved in fiscal year 2015.