Steven Madden Q1 Adj $0.65 Beats $0.56 Estimate, Sales $550.57M Beat $526.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Steven Madden (NASDAQ:SHOO) reported Q1 earnings of $0.65 per share, surpassing the consensus estimate of $0.56, marking a 30% increase from last year. Sales reached $550.57M, exceeding estimates of $526.39M, up 18.70% from the previous year.
May 01, 2024 | 11:00 am
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POSITIVE IMPACT
Steven Madden's Q1 earnings and sales exceeded analyst expectations, with significant year-over-year growth in both metrics.
The substantial beat on both earnings and sales estimates, coupled with significant year-over-year growth, is likely to positively influence investor sentiment and potentially drive the stock price up in the short term. The company's performance indicates strong operational efficiency and market demand for its products, which are key drivers of stock performance.
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RELEVANCE 100