Key Developments: Steven Madden Ltd (SHOO.O)
46.97USD
24 May 2013
$-0.24 (-0.51%)
$47.21
$47.16
$47.20
$46.43
170,120
448,295
$49.76
$31.25
Latest Key Developments (Source: Significant Developments)
Steven Madden Ltd Reaffirms FY 2013 Guidance
Steven Madden Ltd announced that for fiscal 2013, it expects net sales to increase 6%-8% from fiscal 2012. Diluted earnings per share (EPS) is expected to be in the range of $2.95-$3.05. The Company reported revenue of $1.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.32 billion and EPS of $3.00 for fiscal 2013. Full Article
BasicNet SpA's Basic Properties America, Inc. Renews Collaboration with Steven Madden Ltd for the Superga Brand
BasicNet SpA announced that its subsidiary Basic Properties America, Inc. has renewed in New York the licensing agreement for the brand Superga, for the United States and Canadian markets, with Steven Madden Ltd. The agreement has a duration of ten years, renewable for a longer term and also includes collaboration in the field of sourcing. Within the agreement there will be enhanced marketing initiatives and creative collaboration. Full Article
Steven Madden Ltd Issues FY 2013 Guidance Below Analysts' Estimates
Steven Madden Ltd announced that for fiscal 2013, it expects net sales to increase 6%-8% from fiscal 2012. Diluted earnings per share (EPS) is expected to be in the range of $2.95-$3.05. The Company reported revenue of $1.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.36 billion and EPS of $3.07 for fiscal 2013. Full Article
Steven Madden Ltd Updates FY 2012 Revenue Guidance To A Range Below Analysts' Estimates; Lowers FY 2012 EPS Guidance
Steven Madden Ltd announced that for fiscal 2012, it now expects that net sales will increase 25%-26% from fiscal 2011. Diluted EPS is now expected to be in the range of $2.64-$2.69. The current EPS guidance includes the aforementioned charges for impairment and bad debt related to the bankruptcy of Bakers Footwear Group, which were not included in the previous EPS guidance of $2.67-$2.77 and negatively impacted EPS by $0.08. The Company reported revenue of $968.55 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.224 billion and EPS of $2.71 for fiscal 2012. Full Article
Steven Madden Ltd Reaffirms FY 2012 EPS Guidance-Conference Call
Steven Madden Ltd announced that its current guidance for fiscal 2012 is for EPS to be in the range of $2.67 to $2.77. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.72 for fiscal 2012. Full Article
Steven Madden Ltd. Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance
Steven Madden Ltd. announced that for fiscal 2012, it continues to expect that net sales will increase 24%-26% from fiscal 2011 and diluted EPS to be in the range of $2.67-$2.77, compared to previous guidance of $2.62-$2.72. The current EPS guidance includes an expected tax benefit related to foreign operations in the second half of approximately $0.08 that was not included in the previous EPS guidance. 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 $1.219 billion and EPS of $2.67 for fiscal 2012. Full Article
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. Full Article
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. Full Article
Bakers Footwear Group Enters into Trademark Sale and License Agreement With Steven Madden Ltd.
Bakers Footwear Group announced that it had entered into a Trademark Sale and License Agreement for its Wild Pair trademark, and related trademarks, with Steven Madden, Ltd. The arrangement calls for Steve Madden to purchase the Wild Pair trademark for up to $4 million and enter into a non-exclusive, non-transferable, royalty free perpetual license for the marks with Bakers Footwear Group to allow Bakers to continue to offer Wild Pair footwear in its stores, e-commerce and Wild Pair retail stores. Net proceeds to Bakers are estimated to be between $3.3 million and $3.9 million. Full Article
Steven Madden Ltd. Raises FY 2011 Guidance
Steven Madden Ltd. raised fiscal 2011 guidance and expects revenue to be in the range of 49%-50% compared to fiscal 2010. Diluted earnings per share (EPS) is expected to be in the range of $2.20-$2.25. This compares to previous guidance of diluted EPS in the range of $2.15-$2.20. The Company reported revenue of $635 million in fiscal 2010. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $942 million and EPS of $2.20 for fiscal 2011. Full Article
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