85 727
Fashion Jobs
HENKEL
Senior Automation Tech
Permanent · GENEVA
ESSILORLUXOTTICA GROUP
Customer Service Representative
Permanent · EAST SYRACUSE
ESSILORLUXOTTICA GROUP
Customer Service Representative Classic Optical)
Permanent · YOUNGSTOWN
ESSILORLUXOTTICA GROUP
sr. Manager, Business Growth
Permanent · NEW YORK
ESSILORLUXOTTICA GROUP
Associate Manager, Trade Event Marketing
Permanent · DALLAS
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · PEMBROKE PINES
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · CAMARILLO
ESSILORLUXOTTICA GROUP
Naasc - Material Handler II (Inbound Team Lead)
Permanent · MCDONOUGH
ESSILORLUXOTTICA GROUP
Oakley Store Market Manager- Denver Market
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant (Denver)
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Wholesale - Analyst, Supply Chain (Vendor Compliance)
Permanent · PORT WASHINGTON
ESSILORLUXOTTICA GROUP
Essilorluxottica Wholesale - Sales Representative
Permanent · RALEIGH
ESSILORLUXOTTICA GROUP
Wholesale - Coordinator- Sales Operations (Rep Orders)
Permanent · PORT WASHINGTON
AMRG
Sales Supervisor - Full Time
Permanent · ROSEMONT
WALGREENS
Overnight Call Center Representative - Pharmacy (Onsite)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Part Time)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Full Time)
Permanent · CHANDLER
WALGREENS
Senior Manager, Merchandise Planning
Permanent · DEERFIELD
WALGREENS
Digital Commerce Associate Manager, Merchandising
Permanent · DEERFIELD
WALGREENS
General Warehouse Person Pendergrass Rfc
Permanent · PENDERGRASS
CALERES
Associate Manager - Famous Footwear
Permanent · MANKATO
NORTH CAROLINA STATE
County Extension Director
Permanent · GOLDSBORO
Published
Feb 27, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Steve Madden ends year with 10.5% sales jump

Published
Feb 27, 2018

Steve Madden managed to deliver results that were in line with forecasts in the fourth quarter and full year ended December 31, 2017, driven primarily by its flagship brand.


Steve Madden ends year with 10.5% sales jump - Facebook: Steve Madden


The designer and marketer of fashion footwear and accessories including Blondo, Brian Atwood, and Dolce Vita, to name a few, reported on Tuesday a net sales increase of 10.5 percent reaching $1.55 billion, up from $1.40 billion in the prior year. Net income was $117.9 million, or $2.04 per diluted share.

In the fourth quarter, net sales equally jumped 8.3 percent to $364.4 million, compared to $336.4 million in the same period of 2016. Meanwhile, net income was $24.6 million, or $0.43 per diluted share. Adjusted net income was $27.5 million, or $0.48 per diluted share, compared to $28.7 million, or $0.49 per diluted share, in the prior year's fourth quarter.

“The solid performance in Q4 capped a strong year for the Company, with double-digit percentage growth in both net sales and Adjusted diluted EPS driven by the outstanding performance of our flagship Steve Madden brand in the wholesale channel,” said Edward Rosenfeld, Chairman and CEO, in a news statement.

Net sales for the wholesale business were on the rise, but the company’s retail business saw some shortfalls including a decline in same-store sales.

A decline in wholesale accessories was offset by footwear, resulting in net sales for the wholesale business of $278.2 million, up 10.6 percent in the fourth quarter of 2017, including sales from Schwartz & Benjamin, acquired in January 2017.

Retail net sales in the fourth quarter increased 1.5 percent to $86.2 million compared to $84.9 million in the fourth quarter of the prior year, though same store sales decreased 5.1 percent in the quarter.

For fiscal 2018, the company expects net sales will increase 5 to 7 percent over net sales in 2017. Diluted EPS is expected in the range of $2.60 to $2.67.

Copyright © 2024 FashionNetwork.com All rights reserved.