Steven Madden Ltd. (SHOO) experienced a significant 5.30% plummet in its stock price during Wednesday's intraday trading session, despite reporting better-than-expected fourth-quarter earnings.
The footwear and accessories retailer reported adjusted earnings of $0.55 per diluted share for the fourth quarter, surpassing analysts' estimates of $0.53. Additionally, the company's revenue of $582.3 million exceeded Wall Street's expectations of $547.3 million.
However, investors seemed to focus on Steven Madden's full-year 2025 earnings guidance, which fell short of analyst projections. The company forecasted diluted earnings per share in the range of $2.30 to $2.40, while analysts surveyed by FactSet anticipated an average of $2.53 per share.
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