Steven Madden, Ltd. (NASDAQ:SHOO ) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Danielle McCoy - Vice President, Corporate Development and Investor Relations Edward Rosenfeld - Chairman and Chief Executive Officer Zine Mazouzi - Chief Financial Officer Conference Call Participants Kelly Crago - Citi Aubrey Tianello - BNP Paribas Dana Telsey - Telsey Advisory Group Laura Champine - Loop Capital Janine Stichter - BTIG Operator Good day, and thank you for standing by.
SHOO's strong performance in Q3 is driven by outstanding growth in accessories and apparel prompting management to lift the full-year view.
Executive say they are developing factory bases in other countries such as Cambodia, Vietnam, Mexico and Brazil.
Steven Madden executives said on Thursday the company was working quickly to shift product sourcing out of China to other countries after Donald Trump's U.S. presidential election victory.
Steve Madden's CEO said the company will reduce the goods it imports from China by as much as 45% over the next year. On the campaign trail, President-elect Donald Trump said he would impose a 10% to 20% tariff on all imports, with tariffs as high as 60% to 100% on goods from China.
Although the revenue and EPS for Steven Madden (SHOO) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Steven Madden (SHOO) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.88 per share a year ago.
Get a deeper insight into the potential performance of Steven Madden (SHOO) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
SHOO's Q3 results are likely to reflect DTC growth and new category entries, driven by strategic initiatives and digital efforts.
SHOO is poised for continued growth, driven by strong operational performance and strategic expansions in its DTC and wholesale segments.
Steven Madden offers an attractive investment opportunity due to its undervaluation compared with industry peers and strong operational efficiency.
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