SHOO - Here's Why Steven Madden Marches Ahead of Its Industry | Benzinga
Steven Madden, Ltd. (NASDAQ: SHOO) has strategically positioned itself for sustained success in the competitive landscape through a multi-faceted approach encompassing international expansion, digital innovation and strategic acquisitions. By remaining agile, customer-centric and value-focused, the company continues to chart a course of growth and innovation in the global fashion industry.
The stock has outpaced the Zacks Shoes and Retail Apparel industry. In the past year, shares of this Zacks Rank #3 (Hold) company have gained 31.8% against the industry's decline of 9.5%.
Analysts seem quite optimistic about the company. The Zacks Consensus Estimate for its 2024 sales and earnings per share is pegged at $2.22 billion and $2.62, respectively, indicating year-over-year growth of 12.1% and 6.9%.
Image Source: Zacks Investment Research
Digging Deeper
A standout achievement for Steven Madden lies in its robust international expansion efforts. Despite macroeconomic challenges, the company's international segment has maintained impressive growth momentum, particularly evident in the first quarter of 2024. With a notable 15% increase in international revenues, Steven Madden has effectively penetrated global markets, leveraging strategic joint ventures and tailored marketing strategies to deepen consumer engagement on a global scale.