09:43 AM EDT, 05/01/2024 (MT Newswires) -- Steven Madden (SHOO) reported Q1 adjusted earnings Wednesday of $0.65 per diluted share, up from $0.50 a year earlier.

Analysts polled by Capital IQ expected $0.55.

Net sales for the quarter ended March 31 were $552.4 million, compared with $463.8 million a year earlier.

Analysts polled by Capital IQ expected $525.2 million.

The company reiterated its 2024 adjusted EPS forecast of $2.55 to $2.65 and sales growth guidance of 11% to 13%. Analysts polled by Capital IQ expect $2.62 in adjusted EPS on revenue of $2.21 billion.

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