Steve Madden’s third-quarter revenue fell 0.7 percent to $552.7 million. This amounts to 517.9 million euros.
The company’s gross profit amounted to 232.6 million dollars (217.9 million euros) and the net profit attributable to Steven Madden, Ltd. rose to 64.4 million dollars (60.3 million euros).
Commenting on the company’s results, Edward Rosenfeld, chairman and CEO of the company, said: “We are pleased that we were able to deliver another year-over-year profit growth in the third quarter, demonstrating the strength and sustainability of our business model in challenging operating environments. demonstrates.”
Wholesale turnover amounted to 433.5 million dollars (406.2 million euros), a decrease of 0.3 percent. Wholesale turnover in the shoe category fell by 7.5 percent and wholesale turnover for accessories/clothing increased by 22.7 percent.
Direct-to-consumer sales amounted to 116.4 million dollars (109 million euros), a decrease of 1.8 percent due to a decline in the e-commerce business. The company ended the quarter with 251 physical stores and five e-commerce websites, as well as 22 company-operated concessions in international markets.