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Steven Madden Ltd. Raises FY 2012 Guidance
Steven Madden Ltd. announced that fiscal 2012, it expects net sales to increase 24%-26% from fiscal 2011, compared to previous guidance of a 21%-23% increase and diluted EPS is now expected to be in the range of $2.62-$2.72, compared to previous guidance of $2.60-$2.70. The Company reported net sales of $968.5 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.194 billion and EPS of $2.67 for fiscal 2012.
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