Steve Madden Ltd. reported fourth-quarter revenue increased by 10.4 percent to $519.7 million, exceeding expectations. However, for the full year 2023, the company’s adjusted diluted EPS of $2.45 per share missed its updated forecast of approximately $2.40. Looking ahead to 2024, the company predicts an 11 to 13 percent revenue increase and diluted EPS in the range of $2.55 to $2.65.
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Steve Madden Ltd. Misses Lowered EPS Forecast for 2023
Steve Madden Ltd. reported fourth-quarter revenue increased by 10.4 percent to $519.7 million, exceeding expectations. However, for the full year 2023, the company’s adjusted diluted EPS of $2.45 per share missed its updated forecast of approximately $2.40. Looking ahead to 2024, the company predicts an 11 to 13 percent revenue increase and diluted EPS in the range of $2.55 to $2.65.