NASDAQ$SHOO

Steven Madden Ltd. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported highest quarterly earnings in history, driven by robust consumer demand and strong performance across channels, product categories, and geographies.

Steve Madden announced record-breaking quarterly earnings for Q1 2022, driven by strong consumer demand and effective execution of strategic initiatives. The company's performance was strong across all channels, product categories, and geographies. As a result, the company raised its fiscal year 2022 guidance.

  • Delivered the highest quarterly earnings in the company's history.
  • Wholesale business revenue increased by 54.1% compared to Q1 2021.
  • Direct-to-consumer revenue increased by 60.5% compared to Q1 2021.
  • The company is raising its fiscal 2022 guidance.

Headline financials

Total Revenue

$560M

Previous: $361M+55.0%
EPS (adj)

$0.92

Previous: $0.33+178.8%
Capital Expenditures

-$3.6M

Previous: -$1.6M-125.0%
Free Cash Flow

$71M

Previous: $20.7M+242.4%
Net Income

$74.6M

Previous: $22.3M+234.0%
Operating Income

$97.9M

Previous: $28M+249.1%
Gross Profit

$228M

Previous: $139M+63.8%
Cash & Equivalents

$170M

Previous: $273M-37.6%
Total Assets

$1.28B

Previous: $1.17B+9.4%
Stock-Based Comp

$5.98M

Previous: $5.54M+8.0%

Revenue & EPS history

Steve Madden · Revenue · Quarterly

$560M

Q1 2022+55%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Steve Madden · $108M total across 1 segment · Q1 2022

  • Direct-to-Consumer
    $108M+60.4%

Forward guidance

The Company is raising its fiscal 2022 guidance. For fiscal 2022, the Company now expects revenue will increase 13% to 16% over fiscal 2021. The Company now expects diluted EPS will be in the range of $2.87 to $2.97. The Company now expects Adjusted diluted EPS will be in the range of $2.90 to $3.00.

Tailwinds

  • Revenue will increase 13% to 16% over fiscal 2021.
  • Diluted EPS will be in the range of $2.87 to $2.97.
  • Adjusted diluted EPS will be in the range of $2.90 to $3.00.

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 2022

Historical avgQ1 2022

+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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