Steve Madden raises 2024 outlook as Q3 revenue rises 13% to $624.7 million
Steven Madden reported third-quarter 2024 revenue up 13.0% to $624.7 million, but GAAP diluted EPS fell to $0.77 from $0.87 as operating income declined. The company raised its 2024 revenue growth and EPS outlook and declared a $0.21 quarterly dividend, so shareholders get higher guidance alongside lower reported profit.
Key points
- Q3 revenue rose 13.0% to $624.7 million from $552.7 million; GAAP net income attributable to the company was $55.3 million, or $0.77 per diluted share, versus $0.87 a year earlier
- Adjusted diluted EPS was $0.91 versus $0.88; the GAAP decline reflects an $8.6 million pre-tax trademark impairment in the quarter
- 2024 guidance now calls for revenue growth of 13% to 14% and GAAP diluted EPS of $2.36 to $2.41 (Adjusted $2.62 to $2.67)
- Quarterly dividend of $0.21 per share is payable December 27, 2024, to holders of record on December 13, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.