SHOO - Steven Madden: Growing Profitably With Increased Marketing And 2023 Acquisition
2024-07-08 23:34:34 ET
Summary
- Steven Madden designs and markets footwear products and apparel under various brands and with private label sales, sourcing manufacturing and distribution centers from third parties.
- The company has achieved good growth and profitability, aided by a history of small acquisitions, continued with the 2023 Almost Famous acquisition.
- Short-term challenges weigh on the footwear industry, but Steven Madden has performed relatively strongly with only the 2024 EPS guidance weakening the outlook.
- The stock's valuation currently fairly balances the company's long-term prospects and slight short-term challenges.
Steven Madden, Ltd ( SHOO ) designs and markets footwear products as well as apparel, known for its Steve Madden, Dolce Vita, Betsey Johnson, and other brands. In addition, the company offers design and sourcing services to many retailers’ private label brands. The company sells its products predominantly through wholesale, but also through direct-to-consumer retail stores and ecommerce sites....
Steven Madden: Growing Profitably With Increased Marketing And 2023 Acquisition