298
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
Nov 1, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Steve Madden Q3 revenues climb 8% on strong wholesale, comps weak

Published
Nov 1, 2017

Steve Madden managed to deliver increased sales and an overall strong performance in the third quarter ended September 30, steering clear of industry-wide challenges.

Steve Madden wholesale and retail businessesclimbed in Q3 - Facebook: Steve Madden

 
The designer and marketer of fashion footwear and accessories saw net sales jump 8 percent to $441.2 million compared to $408.4 million in the same period of 2016. Meanwhile, net income was $44.2 million, or $0.77 per diluted share. Adjusted net income was $44.5 million, or $0.77 per diluted share.
 
“We recorded solid sales and EPS growth in the quarter despite the challenging retail environment, led by strong performance across our Steve Madden wholesale footwear businesses, including Steve Madden Women’s, Men’s and Kids’ as well as Madden Girl,” said Edward Rosenfeld, Chairman and Chief Executive Officer.

Net sales for both the wholesale business and retail business increased.
 
Despite a decline in wholesale accessories, net sales for the wholesale business jumped 8.7 percent to $376.9 million thanks to wholesale footwear businesses.
 
Retail net sales in the third quarter increased 4 percent to $64.3 million compared to $61.8 million. Still, some challenges included a decrease of 3.8 percent in same store sales.
 
For the fiscal year, Steve Madden still expects net sales to increase by 9 to 11 percent, GAAP diluted earnings per share to range from $2.03 to $2.09 and adjusted diluted earnings per share to range from $2.18 to $2.24.
 
However, looking forward, Rosenfeld is still cautious.
 
“As we look ahead, we expect that we will continue to face industry headwinds, and as a result, we are planning our business prudently. That said, we believe that our strong brands, proven business model and on-trend product offerings position us well to meet our financial targets for the year and continue to enhance shareholder value over the long-term.”

Copyright © 2024 FashionNetwork.com All rights reserved.