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Steven Madden Ltd. Issues FY 2012 Guidance; EPS Guidance In Line With Analysts' Estimates
Steven Madden Ltd. announced that for fiscal 2012, it expects net sales to increase 21%-23% compared to fiscal 2011 and diluted EPS to be in the range 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 $1.198 billion and EPS of $2.69 for fiscal 2012.
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