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Steven Madden (SHOO) Q3 FY2023 earnings: revenue $553 million, down 0.7% on the year

Steven Madden, Ltd. (SHOO) reported revenue of $553 million for Q3 FY2023, the quarter ended 30 September 2023, down 0.7% on the same quarter a year earlier. Net income was $65 million, up 5.4% on the year, and diluted earnings per share $0.87. The figures are the company's own, from the 10-Q it filed with the SEC on 9 November 2023.

Revenue$553 milliondown 0.7%
Net income$65 millionup 5.4%
Diluted EPS$0.87
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue553n/an/an/a
Cost of revenue320n/an/an/a
Gross profit233n/an/an/a
Gross margin42.1%n/an/a
Operating income82.7n/an/an/a
Operating margin15.0%n/an/a
Pre-tax income84.7n/an/an/a
Income tax19.6n/an/an/a
Effective tax rate23.1%n/an/a
Net income65.1n/an/an/a
Net margin11.8%n/an/a
Diluted EPS$0.87n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow-4.5n/an/an/a
Capital expenditure6.1n/an/an/a
Free cash flow-10.6n/an/an/a
Free cash flow margin-1.9%n/an/a
Cash from investing-4.8n/an/an/a
Cash from financing-56.5n/an/an/a
Depreciation and amortisation3.9n/an/an/a
Share-based compensation5.9n/an/an/a
Buybacks40.0n/an/an/a
Dividends paid15.7n/an/an/a
Dividend per share$0.21n/an/an/a
Diluted shares, weighted74mn/an/an/a
Shares outstanding at period end75mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity837n/an/an/a
Non-controlling interest16.7n/an/an/a
Debt0.0n/an/an/a
Operating lease liabilities91.9n/an/an/a
Other liabilities347n/an/an/a
Total liabilities and equity1,292n/an/an/a
Fixed assets44.9n/an/an/a
Goodwill169n/an/an/a
Intangible assets99.8n/an/an/a
Investments14.6n/an/an/a
Cash and equivalents192n/an/an/a
Receivables4.5n/an/an/a
Inventory206n/an/an/a
Other assets562n/an/an/a
Total assets1,292n/an/an/a

Questions

What was Steven Madden's revenue in Q3 FY2023?

Steven Madden (SHOO) reported revenue of $553 million for Q3 FY2023, the quarter ended 30 September 2023, down 0.7% on the same quarter a year earlier.

How much did Steven Madden earn in Q3 FY2023?

Net income for Q3 FY2023 was $65 million, up 5.4% on the year, and diluted earnings per share $0.87.

When did Steven Madden report Q3 FY2023 results?

Steven Madden filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 9 November 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue553520552524625582554559668754653666
Cost of revenue320305328306365347327333390434296356
Gross profit233215225217260235226226277320357310
Gross margin42%41%41%41%42%40%41%40%42%42%55%47%
Operating income82.739.956.746.974.646.753.5-40.331.436.298.739.3
Operating margin15%8%10%9%12%8%10%-7%5%5%15%6%
Pre-tax income84.741.458.348.276.048.054.3-34.826.431.795.138.1
Tax rate23%11%24%23%26%21%24%n/a17%22%25%27%
Net income65.137.044.636.955.337.840.4-39.520.524.771.827.7
Net margin12%7%8%7%9%6%7%-7%3%3%11%4%
Diluted EPS$0.87$0.49$0.60$0.49$0.77$0.49$0.57-$0.56$0.29$0.32$1.00$0.38
Operating cash flow-4.5151-15.71100.4104-18.866.523.491.1-55.3205
Capital expenditure6.15.64.05.37.49.39.87.714.810.35.98.5
Free cash flow-10.6146-19.7104-6.994.6-28.758.88.680.8-61.2196
Buybacks40.038.137.338.220.22.67.80.40.25.27.41.0
Dividends paid15.715.615.415.315.215.215.215.215.315.315.315.4
Shares outstanding75m74m73m73m72m72m73m73m73m73m73m73m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 9 November 2023, accession 0001628280-23-038128: the filing on EDGAR. All of Steven Madden, Ltd.'s filings: EDGAR company page.

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