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Steven Madden Beats Earnings, Expands Footprint

Steven Madden Beats Earnings, Expands Footprint

Published 18 hours ago
Description

Steven Maddens Q1 earnings surpass expectations with an 18% revenue increase and 28% jump in adjusted earnings per share, driven by robust direct-to-consumer growth. The company expands its footprint, but faces challenges in sustaining online sales momentum and managing rising costs. Focus shifts to Kurt Geigers international growth, maintaining direct-to-consumer margins, and improving apparel business margins.

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