NEW YORK — Strong sales in each of its divisions combined with reduced expenses paved the way for Steven Madden Ltd. to report a 19 percent increase in its second-quarter profits and raise its outlook for the year.

For the quarter ended June 30, the Long Island City, N.Y.-based maker of shoes and accessories yielded net income of $5.3 million, or 38 cents a diluted share, beating Wall Street’s consensus estimates by 3 cents. Last year, the company reported income of $4.4 million, or 34 cents a diluted share. Sales skyrocketed to $88.1 million, registering 47.9 percent higher than year-ago sales of $59.6 million.

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