Steve Madden revenues decline by 13.6 percent in the first quarter

Revenue at Steve Madden decreased 13.6 percent to 359.2 million dollars compared to the same period of 2019. The company said in a statement that gross margin for the quarter was 37.2 percent compared to 38.9 percent in the same period last year. The company added that net loss attributable to Steven Madden, Ltd. was 17.5 million dollars or 22 cents per diluted share, compared to net income of 34.5 million dollars or 41 cents per diluted share, in the prior year’s first quarter, while adjusted net income was 13 million dollars or 16 cents per diluted share compared to 35.1 million dollars or 42 cents per diluted share, in the prior year’s first quarter.