NASDAQ$SHOO

Steven Madden Ltd. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Steve Madden's first quarter results significantly exceeded expectations, driven by strong retail performance and on-trend product assortments.

Steve Madden reported strong first quarter 2021 results, exceeding expectations with revenue growth driven by the retail segment, particularly the digital business. The company remains cautious about the near-term outlook due to COVID-19 and supply chain disruptions but is confident in its long-term growth prospects.

  • First quarter revenue significantly exceeded expectations.
  • Retail segment revenue increased 27.5% compared to the first quarter of 2020, driven by strong e-commerce performance.
  • Wholesale revenue decreased by 3.7% compared to the first quarter of 2020.
  • The Company ended the quarter with 215 company-operated retail stores.

Headline financials

Total Revenue

$361M

Previous: $359M+0.5%
EPS (adj)

$0.33

Previous: $0.16+106.3%
Capital Expenditures

-$1.6M

Previous: -$3.3M+51.6%
Free Cash Flow

$20.7M

Previous: -$20.8M+199.9%
Net Income

$22.3M

Previous: -$17.5M+228.0%
Operating Income

$28M

Previous: -$26.2M+206.8%
Gross Profit

$139M

Previous: $133M+4.2%
Cash & Equivalents

$273M

Previous: $211M+29.3%
Total Assets

$1.17B

Previous: $1.15B+2.0%
Stock-Based Comp

$5.54M

Previous: $5.69M-2.6%

Revenue & EPS history

Steve Madden · Revenue · Quarterly

$361M

Q1 2021+0.5%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Steve Madden · $67.5M total across 1 segment · Q1 2021

  • Direct-to-Consumer
    $67.5M

Forward guidance

For the second quarter of 2021, the Company expects revenue will be in the range of $360 million to $365 million and diluted EPS will be in the range of $0.26 to $0.28.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.7%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.8%

Avg return

30 days after

62%

40 / 65 earnings

Positive

+22.0%

Q2 2012

Best reaction

-10.2%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.4%-2.8%+10.9%
Q4 2025-6.5%-4.7%-11.4%
Q3 2025+13.7%+14.8%+33.6%
Q1 2025+16.4%+31.2%+24.0%
Q4 2024-8.0%-19.6%-29.7%
Q3 2024+0.9%+1.7%+1.2%
Q2 2024-2.1%-6.5%+1.4%
Q1 2024-0.7%+0.2%+10.0%
Q4 2023-1.9%-1.9%-3.1%
Q3 2023-1.5%+0.0%+15.5%
Q2 2023+9.6%+7.0%+6.2%
Q1 2023+0.7%+0.1%+1.7%
Q4 2022+6.4%+8.2%+4.1%
Q3 2022-2.1%+3.5%+17.5%
Q2 2022-3.5%-1.1%-7.6%
Q1 2022+0.9%+0.7%-10.0%
Q4 2021+5.1%+0.5%-2.1%
Q3 2021+11.1%+11.3%+2.7%
Q2 2021+1.2%+0.0%-4.6%
Q1 2021-4.7%-1.1%-2.6%
Q4 2020+2.5%-6.6%+1.6%
Q3 2020+6.3%+3.7%+43.0%
Q2 2020+1.5%-5.3%-4.3%
Q1 2020-8.8%-2.8%-11.4%
Q4 2019-6.2%-7.5%-31.4%
Q3 2019+14.7%+15.2%+19.9%
Q2 2019+2.3%-9.0%-1.6%
Q1 2019+5.4%+6.9%-9.7%
Q4 2018+0.6%+0.9%+3.2%
Q3 2018+7.3%+11.3%+8.1%
Q2 2018+2.6%+4.0%+7.1%
Q1 2018-0.1%+2.3%+9.5%
Q4 2017-0.7%-1.4%-0.7%
Q3 2017-10.2%-10.3%-0.1%
Q2 2017+2.0%+0.4%+3.4%
Q1 2017+2.8%+3.5%+0.3%
Q4 2016+0.8%-1.6%+2.1%
Q3 2016+5.7%+7.8%+13.5%
Q2 2016-5.3%-2.9%-2.3%
Q1 2016-3.3%
Q4 2015+3.7%
Q3 2015+4.2%
Q2 2015-0.1%
Q1 2015+5.4%
Q4 2014+6.5%
Q3 2014+1.8%
Q2 2014-7.6%
Q1 2014-3.4%
Q4 2013+3.6%
Q3 2013+4.8%
Q2 2013+3.7%
Q1 2013+2.6%
Q4 2009-0.7%
Q4 2012-1.5%
Q3 2012+0.0%
Q2 2012+22.0%
Q1 2012-3.8%
Q4 2011+4.1%
Q3 2010-4.8%
Q3 2011-4.8%
Q2 2011+2.7%
Q2 2010+4.2%
Q1 2010+4.2%
Q4 2010+4.2%
Q1 2011+4.2%

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