Steven Madden's Q4 Outlook Boosts Shares
Update: 2025-11-05
Description
Steven Madden's shares surged in morning trading on November 5th following a positive fourth-quarter financial outlook, despite slightly lower-than-expected third-quarter results. The company's third-quarter revenue grew by nearly 7% to $667.9 million, but sales and adjusted earnings per share fell short of analyst predictions. Investors, however, focused on the company's projected fourth-quarter revenue of $748.3 million and adjusted earnings per share of $0.44, both significantly higher than expected. This positive outlook comes amidst broader market volatility and a challenging leisure industry, suggesting a potential turnaround for Steven Madden as it heads into the holiday season.
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