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Steve Madden Is Hitting All the Right Summer Trends Ahead of Its Q2 Earnings Report
['Vicki M. Young']
Footwear News
He said the Steve Madden brand, Madden Girl, Dolce Vita and Kurt Geiger are making headway and that the firm’s large retail partners — the wholesale accounts — are stepping up with their fill-in and new orders.
She sees the potential for the company to raise guidance when it posts second quarter results on Thursday.
Stichter is expecting second quarter earnings per share at 35 cents versus 20 cents a year ago, which is also ahead of consensus estimates of 32 cents.
Telsey said the Steve Madden brand’s U.S. DTC comps rose 17 percent, as it benefited from strength in full-price channels.
“Strength in the DTC channel should continue and return the company back to earnings growth in the second quarter,” she said.