Steven Madden Ltd (SHOO) revealed a profit for fourth quarter that beat the Street estimates.
The company's earnings came in at $34.801 million, or $0.49 per share. This compares with $35.881 million, or $0.49 per share, last year.
Excluding items, Steven Madden Ltd reported adjusted earnings of $39.343 million or $0.55 per share for the period.
Analysts on average had expected the company to earn $0.53 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.0% to $582.318 million from $519.714 million last year.
Steven Madden Ltd earnings at a glance (GAAP) :
-Earnings: $34.801 Mln. vs. $35.881 Mln. last year.
-EPS: $0.49 vs. $0.49 last year.
-Revenue: $582.318 Mln vs. $519.714 Mln last year.
The Board will pay a quarterly cash dividend of $0.21 per share on March 21, to stockholders of record as of March 10.
Looking ahead, for the full-year 2025, the company expects net income per share of $2.30 to $2.40, below analysts’ forecast of $2.58 per share. Annual revenue growth is expected to be in the range of 17 to 19 percent.
For the full-year 2024, Steven Madden has registered net income per share of $2.35, with revenue of $2.282 billion.
SHOO was up by 5.57 percent at $40 in the pre-market trade on the Nasdaq.
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