Steve Madden reports increase in Q4 sales and profit

Steve Madden’s fourth quarter revenue increased 0.7 percent to 419.6 million dollars. The company said in a statement, gross margin was 37.7 percent compared to 38.1 percent in the same period last year, while adjusted gross margin was 37.8 percent in 2019. Net income attributable to Steven Madden, Ltd. was 17.8 million dollars or 21 cents per diluted share compared to 12.5 million dollars or 15 cents per diluted share, in the prior year’s fourth quarter. The company added, adjusted net income attributable to Steven Madden, Ltd. was 32.2 million dollars or 39 cents per diluted share, compared to 35.7 million dollars or 42 cents per diluted share, in the prior year’s fourth quarter.