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Steve Madden Is on the Upswing as Company Delivers Strong Q2
['Vicki M. Young']
Footwear News
“The Steve Madden brand was the highlight, continuing to gain momentum as consumers responded enthusiastically to the trend-right assortments.”
Total revenue rose 19.1 percent to $665.9 million from $559.0 million, with net sales up 19.2 percent to $662.9 million from $556.1 million.
Excluding Kurt Geiger, wholesale revenue rose 11.5 percent.
Gross profit as a percentage of wholesale revenue was 35.2 percent, versus 30.0 percent a year ago.
Excluding Kurt Geiger, DTC revenue rose 11.1 percent.