Steve Madden's Q4 revenues decline

For the fourth quarter revenue at Steve Madden decreased 15.9 percent to 353 million dollars. Gross margin for the quarter was 38.3 percent compared to 37.7 percent in the same period of 2019, while adjusted gross margin increased 40 basis points to 38.2 percent compared to 37.8 percent in the same period of 2019. Net income attributable to Steven Madden, Ltd. was 22.6 million dollars or 28 cents per diluted share compared to 17.8 million dollars or 21 cents per diluted share, in the same period of 2019, while adjusted net income was 21.8 million dollars or 27 cents per diluted share, compared to 32.2 million dollars or 39 cents per diluted share.