- Steve Madden (NASDAQ:SHOO) reports same-store sales rose 18.5% in Q2.
- Gross margin in the wholesale business fell 150 bps to 29.8%, while the retail gross margin rate was 170 bps higher at 64.5%.
- Operating expense rate +190 bps to 25.5%.
- Store count: 161 company-owned, 117 full price, 36 outlets, four Internet, and four JV locations.
- Guidance: The company sees FY15 revenue growth of 7% to 9% and FY15 EPS of $1.85-$1.95 vs. $1.93 consensus.
- Previously: Steven Madden beats by $0.01, beats on revenue (Jul. 30 2015)