Steven Madden Q4 2023 Adj EPS $0.61 Beats $0.57 Estimate, Sales $519.70M Beat $511.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Steven Madden (NASDAQ:SHOO) reported Q4 2023 adjusted EPS of $0.61, surpassing the $0.57 estimate, with sales of $519.70M exceeding the $511.97M forecast. This represents a 10.42% increase in sales compared to the same period last year.
February 28, 2024 | 11:59 am
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Steven Madden reported a strong Q4 2023 with adjusted EPS of $0.61 and sales of $519.70M, both surpassing analyst estimates. Year-over-year sales growth was 10.42%.
Steven Madden's Q4 2023 performance exceeded analyst expectations in both EPS and sales, indicating strong financial health and operational efficiency. The significant year-over-year sales growth further underscores the company's market strength and could positively influence investor sentiment, likely leading to a short-term uptick in SHOO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100