SHOO Earnings Prediction
The chart below shows how SHOO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SHOO sees a -2.06% change in stock price 10 days leading up to the earnings, and a -1.20% change 10 days following the report. On the earnings day itself, the stock moves by +0.70%. This data can give you a slight idea of what to expect for the next quarter's release.
SHOO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
624.67M
13.02%
19.31%
Gross Margin
41.37%
-1.50%
0.29%
Operating Margin
14.18%
-5.28%
61.69%
Net Margin
9.06%
-23.09%
28.33%
EPS
0.77
-11.49%
57.14%
No Data Available
SHOO Earnings Analysis
Steven Madden Ltd Corporation (SHOO.O) Earnings Conference Call
Positive
Revenue Increase Analysis: 1. Strong Revenue Growth: Consolidated revenue reached $624.7 million, marking a 13% increase compared to Q3 2023, with a 5.5% growth excluding Almost Famous.
Handbag Revenue Surge: 2. Impressive Handbag Performance: The Steve Madden handbag business saw a revenue increase of 27% in Q3, building on a remarkable 52% growth in the same period last year.
International Revenue Growth: 3. International Market Expansion: International revenue grew by 11% year-over-year in Q3, with expectations for EMEA revenue to increase by over 20% in 2024.
E-Commerce Revenue Surge: 4. Direct-to-Consumer Growth: DTC revenue increased by 8% in Q3, with e-commerce revenue growing by 10%, indicating strong consumer engagement in digital channels.
Shareholder Returns Overview: 5. Shareholder Returns: The company repurchased $20.2 million of its common stock in Q3, bringing the year-to-date total to $95.8 million, alongside a quarterly cash dividend of $0.21 per share.
Negative
Wholesale Footwear Revenue Decline: 1. Decline in Wholesale Footwear Revenue: Wholesale footwear revenue decreased by 2.2% in Q3 2024 compared to the same period in 2023, indicating ongoing challenges in the branded business segment.
Rising Operating Expenses: 2. Increased Operating Expenses: Operating expenses as a percentage of revenue rose to 27.9% in Q3 2024, up from 27% in Q3 2023, driven by higher marketing investments and increased incentive compensation.
Declining Gross Margin: 3. Lower Gross Margin: Consolidated gross margin fell to 41.6% in Q3 2024 from 42.1% in the same quarter last year, primarily due to the impact of the Almost Famous acquisition.
Cautious Wholesale Ordering Trends: 4. Cautious Wholesale Customer Orders: The company noted that many wholesale customers took a cautious approach to orders, which negatively impacted the branded business and delayed boot deliveries.
Rising Inventory Levels: 5. Increased Inventory Levels: Inventory at the end of Q3 2024 rose to $268.7 million, up from $205.7 million in the prior year, attributed to increased transit times and potential overstock issues.
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SHOO Earning Call Sentiment
Steven Madden, Ltd. (SHOO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SHOO.O
-1.45%Positive
The earnings call indicates strong financial performance with a 13% revenue increase and raised revenue guidance, particularly in wholesale accessories. Despite a slight decline in gross margin, the company is expanding its sourcing base to mitigate tariff risks. The share repurchase program and dividend maintain shareholder value. Positive trends in the handbag and footwear segments, alongside successful marketing efforts, bolster the outlook. Given the company's $3.1 billion market cap, the stock is likely to experience a positive movement of 2% to 8% over the next two weeks.
