Steve Madden Announces Sales Results for the Fourth Quarter and Year Ended December 31, 2013; Revises Earnings Guidance for the Full Year of 2013 and Provides Earnings Guidance for the Fiscal Year 2014
January 10, 2014 at 02:55 pm
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Steve Madden announced sales results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net sales of $342.6 million, an 8.6% increase over the same period of 2012.
For fiscal year 2013, the company's net sales were $1.314 billion, a 7.1% increase compared to fiscal year 2012.
The company provided earnings guidance for the full year of 2013 and 2014. For the year 2013, the company expects diluted EPS is to be approximately $1.97, the low end of the previously provided guidance range of $1.97 -- $2.03.
For fiscal year 2014, the company expects that net sales will increase 5% to 7% over net sales in 2013. Diluted EPS is expected to be in the range of $2.05 to $2.15. This guidance range includes the impact of a higher projected tax rate in 2014, which negatively impacts diluted EPS by approximately $0.03.
Steven Madden, Ltd., and its subsidiaries designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. The Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. The Direct-to-Consumer segment consists of Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores. Its Licensing segment is engaged in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.
Steve Madden Announces Sales Results for the Fourth Quarter and Year Ended December 31, 2013; Revises Earnings Guidance for the Full Year of 2013 and Provides Earnings Guidance for the Fiscal Year 2014
STEVEN MADDEN, LTD. 
