SHOO News and Press, Steven Madden Ltd. From 06/30/23

2023-06-30 10:59:44 ET The Supreme Court ruled by a 6-3 vote on Friday that the U.S. Education Department does not have the right to forgive student debt under the HEROES Act. The SCOTUS decision could have some ramifications in the consumer sector with high interest rates and other mac...

2023-06-28 12:32:41 ET Summary Steven Madden has grown well in the last decade, positioned well for this to continue, although does face some risks. Its margins are good but when considering its cash flow conversion in conjunction, we believe SHOO is a strong performer. SHOO's...

2023-06-25 11:35:44 ET Some consumer sector stocks face potential headwinds in the back half of the year with the resumption of student loan repayments and a likely trend of food disinflation. The debt ceiling agreement struck in May ensures student loan payments will resume in Septembe...

2023-06-15 11:52:34 ET Summary Deckers Outdoor has had an excellent run over the past year or so, with strong growth fueling share appreciation. Growth should continue this year, but this doesn't mean the company makes for a compelling prospect at this time. Shares look pricey...

2023-06-12 23:54:03 ET Summary Crocs appears undervalued with a forward PE ratio of 10, but investors should consider liquidity, development, and valuation risks. The acquisition of HEYDUDE adds significant debt to Crocs' balance sheet, but the company's expanding cash flow and re...

2023-06-05 19:13:09 ET U.S. President Joe Biden on Saturday signed a bill to suspend the debt ceiling into 2025, averting the country's first ever default. One of the provisions of the legislation was the end of the suspension of federal student loan repayments. In light of this provisi...

2023-05-13 10:38:02 ET Steven Madden, Ltd. (SHOO) Q1 2023 Earnings Call May 9, 2023 8:30 AM ET Company Participants Danielle McCoy - Vice President of Corporate Development and Investor Relations Edward Rosenfeld - Chairman and Chief Executive Officer Zine Mazouz...

2023-05-11 13:28:21 ET Summary Shares of Wolverine World Wide shot up after the company announced financial results for the first quarter of its 2023 fiscal year. Although sales weakened, they did come in higher than anticipated and management announced a strategic review for one ...

2023-05-09 07:18:27 ET Steven Madden press release ( NASDAQ: SHOO ): Q1 Non-GAAP EPS of $0.50 beats by $0.01 . Revenue of $463.83M (-17.1% Y/Y) beats by $14M . 2023 Outlook: For 2023, the Company continues to expect revenue will decrease 6.5% to 8.0% compar...

LONG ISLAND CITY, N.Y., May 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 financial results for the first quarter ended March 31, 2023. ...