NASDAQ$SHOO

Steven Madden Ltd. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Steve Madden's Q2 2020 performance was impacted by the COVID-19 pandemic, but benefited from strong digital commerce growth.

Steve Madden reported a challenging second quarter due to the COVID-19 pandemic, with significant declines in wholesale and retail revenue. However, the company saw strong growth in digital commerce, particularly on stevemadden.com, and maintained a strong balance sheet.

  • Wholesale revenue decreased 72.5% due to order cancellations resulting from the COVID-19 pandemic.
  • Retail revenue decreased 49.2% due to store closures, partially offset by strong e-commerce performance.
  • The company ended the quarter with 225 company-operated retail stores.
  • Cash, cash equivalents, and marketable securities totaled $356.9 million as of June 30, 2020.

Headline financials

Total Revenue

$143M

Previous: $445M-67.9%
EPS (adj)

-$0.19

Previous: $0.47-140.4%
Capital Expenditures

-$1.02M

Previous: -$2.82M+63.8%
Free Cash Flow

-$17.6M

Previous: $33.8M-152.2%
Net Income

-$16.6M

Previous: $36.6M-145.4%
Operating Income

-$23.7M

Previous: $44.6M-153.1%
Gross Profit

$55.9M

Previous: $165M-66.2%
Cash & Equivalents

$357M

Previous: $213M+67.8%
Total Assets

$1.13B

Previous: $1.28B-11.6%
Stock-Based Comp

$5.52M

Previous: $5.94M-7.0%

Revenue & EPS history

Steve Madden · Revenue · Quarterly

$143M

Q2 2020-67.9%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Steve Madden · $41.4M total across 1 segment · Q2 2020

  • Direct-to-Consumer
    $41.4M

Forward guidance

Given the continued disruption and uncertainty related to the COVID-19 pandemic, the Company is not providing guidance at this time.

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 Q2 2020

Historical avgQ2 2020

+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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