What Happened?

Shares of shoe and apparel company Steven Madden (NASDAQ:SHOO) fell 8.4% in the afternoon session after the company reported weak fourth quarter 2024 results. Its EPS and full-year EPS guidance fell short. On the other hand, Steven Madden blew past analysts' revenue and EBITDA expectations this quarter. Looking ahead, management remains cautious about macroeconomic headwinds, particularly the impact of new tariffs, but expects its pending acquisition of Kurt Geiger to be a meaningful growth driver​. Overall, this quarter was mixed.

The shares closed the day at $34.85, down 8.1% from previous close.

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What The Market Is Telling Us

Steven Madden’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Steven Madden is down 17% since the beginning of the year, and at $34.84 per share, it is trading 29.9% below its 52-week high of $49.70 from September 2024. Investors who bought $1,000 worth of Steven Madden’s shares 5 years ago would now be looking at an investment worth $999.71.

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