NASDAQ$SHOO

Steven Madden Ltd. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Delivered revenue and earnings that significantly exceeded expectations.

Steve Madden announced third quarter results, exceeding expectations despite the negative impact of the COVID-19 pandemic. Actions taken to address the changing marketplace, such as adjusting the merchandise mix and accelerating digital commerce initiatives, have positioned the company to navigate the crisis and capitalize on market share opportunities.

  • Third quarter revenue and earnings significantly exceeded expectations.
  • Wholesale business revenue decreased by 32.7% to $283.8 million.
  • Retail revenue decreased by 22.1% to $59.0 million, with brick-and-mortar decline partially offset by e-commerce growth.
  • Ended the quarter with 221 company-operated retail stores.

Headline financials

Total Revenue

$347M

Previous: $497M-30.3%
EPS (adj)

$0.39

Previous: $0.67-41.8%
Capital Expenditures

-$1.18M

Previous: -$3M+60.8%
Free Cash Flow

-$8.13M

Previous: $49.5M-116.4%
Net Income

-$6.95M

Previous: $52.5M-113.2%
Operating Income

-$3M

Previous: $68M-104.4%
Gross Profit

$140M

Previous: $191M-26.8%
Cash & Equivalents

$257M

Previous: $167M+53.6%
Total Assets

$1.1B

Previous: $1.28B-13.9%
Stock-Based Comp

$5.73M

Previous: $6.03M-4.9%

Revenue & EPS history

Steve Madden · Revenue · Quarterly

$347M

Q3 2020-30.3%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Steve Madden · $59M total across 1 segment · Q3 2020

  • Direct-to-Consumer
    $59M

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 Q3 2020

Historical avgQ3 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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