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SHOO - Steven Madden: Wholesale Exposure Is A High Risk
October, 09 2020 12:48 PM
Steven Madden Ltd.
As of the end of 2019, SHOO’s wholesale segment (footwear and apparel/accessories) accounted for 81% of total sales. Sales in Q2 declined by 68.2% compared to last year. The steep decline in sales during Q2 was the result of “massive order cancellations”. The company is already working to pivot into casual from fashion trends. We believe at 13x forward earnings, the company is trading at a fair valuation. For further details see:
Steven Madden: Wholesale Exposure Is A High Risk
Stock Information
Company Name:
Steven Madden Ltd.
Stock Symbol:
SHOO
Market:
NASDAQ
Website:
stevemadden.com
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