SHOO News and Press, Steven Madden Ltd. From 02/23/23

Summary Wolverine World Wide announced financial results covering the final quarter of the company's 2022 fiscal year. Despite financial results being in-line with expectations, overall financial data was mixed. This performance continues a disappointing trend and shares are not che...

Steve Madden ( NASDAQ: SHOO ) stock gained sharply on Thursday despite offering a mixed Q4 report and cautious 2023 guidance. For the fourth quarter, an adjusted EPS report of $0.44 came in-line with expectations while $470.6M in revenue edged out consensus estimates. Gross pr...

Steven Madden press release ( NASDAQ: SHOO ): Q4 Non-GAAP EPS of $0.44 in-line. Revenue of $470.6M (-18.6% Y/Y) beats by $13.72M . For 2023, the Company expects revenue will decrease 6.5% to 8.0% compared to 2022. The Company expects diluted EPS will be in the range o...

~ Provides 2023 Outlook ~ LONG ISLAND CITY, N.Y., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced financial results for the fourth quarter and f...

Summary To date, 103 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q4 2022, representing 51% of the index. All eyes are on Walmart and Home Depot as they kick off Q4 retail earnings season. Walmart’s e-commerce is expected to grow a r...

Summary Crocs has successfully executed an aggressive turnaround plan. CROX presents a compelling upside over the next 3-5 years. We find this to be a surprisingly defensible upside scenario for shares to approach the $500 level. The following segment was excerpted from ...

Summary The most important thing to understand about this business is that it now has little or nothing to do with the company’s skills in designing fashionable shoes. Madden only has maybe six weeks of cash tied up in inventory in its supply chain, rather than 6-9 months. Ma...

Summary Gildan Activewear detracted from performance during the quarter. Gildan built a very successful business over time, with excellent growth rates and healthy levels of profitability. Gildan has vacuumed share of this market for a long time. We expect the market to reward G...

Summary Wedgewood Partners is a money manager founded in 1988 with the goal of providing investors with a superior approach to managing investment portfolios. The results for the typical investor in 2022 were likely worse still as many investors (including Wedgewood) had a meaningful we...

LONG ISLAND CITY, N.Y., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Steven Madden, Ltd. (NASDAQ: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced that the Company plans to release its fourth quarter and fiscal year end ...