옵션 체인은 다양한 행사가격과 만기일에 대한 Steven Madden의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Steven Madden에 대한 시장 심리를 평가합니다..

Steven Madden (NASDAQ:SHOO) 주식, 옵션 체인

Steven Madden

Steven Madden Ltd designs and sells brand-name and private-label footwear and accessories. Its products are geared toward fashion-conscious adults and children. The company sells its products through department stores and other retailers as well as its own stores and websites. The company's revenue comes from its operating segments: Wholesale Footwear, Wholesale Accessories or Apparel, Direct-to-Consumer, and Licensing. The wholesale footwear segment accounts for the majority of revenue.

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도널드 트럼프 대통령 당선인이 제안한 관세는 이미 여러 산업의 기업들을 뒤흔들기 시작했으며, 많은 기업이 이익을 보호하기 위한 조치를 취하고 있다. 모든 수입품에 10~20%의 세금을 부과하고 중국산 제품에 60~100%의 관세를 부과하는 관세는 상당한 우려를 불러일으키고 있으며, 그 비용은 소비자의 지갑으로 바로 전가될 가능성이 높다.

오토존 CEO &#34;관세 비용 소비자에게 전가할 것&#34;, 가격 인상하는 또 다른 기업은?

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중국은 미국 대통령 당선인 도널드 트럼프의 백악관 복귀를 단기적인 경제적 도전에도 불구하고 전략적 우위를 점할 기회로 볼 수 있다고, 한 중국 전문가가 전했다.

트럼프의 재집권은 중국에 단기적인 고통이지만 장기적인 전략적 이득일 수도: 中 전문가

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30억 달러 규모의 신발 산업의 주요 기업인 스티븐 매든(NASDAQ:SHOO)은 중국 내 제조 운영을 대폭 축소할 계획을 발표했다. 이러한 전략적 변화는 도널드 트럼프 대통령 당선인이 제안한 중국산 수입품에 대한 관세에 대한 대응이다.

스티븐 매든이 트럼프 관세를 피하기 위해 생산 이전 계획을 발표, 그러나 문제가

Steven Madden Ltd

Analysts' ratings for Steven Madden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $48.75, with a high estimate of $50.00 and a low estimate of $45.00. This upward trend is evident, with the current average reflecting a 1.04% increase from the previous average price target of $48.25.
<img src="https://www.benzinga.com/files/images/story/2024/1732276827_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Steven Madden. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$50.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$50.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$50.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Steven Madden. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Steven Madden compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Steven Madden's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Steven Madden's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SHOO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Steven Madden analyst ratings.</a>
<h2>Get to Know Steven Madden Better</h2>
Steven Madden Ltd designs and sells brand-name and private-label footwear and accessories. Its products are geared toward fashion-conscious adults and children. The company sells its products through department stores and other retailers as well as its own stores and websites. The company's revenue comes from its operating segments: Wholesale Footwear, Wholesale Accessories or Apparel, Direct-to-Consumer, and Licensing. The wholesale footwear segment accounts for the majority of revenue.
<h3>Steven Madden: Delving into Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining Steven Madden's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.02% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Steven Madden's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.85%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Steven Madden's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.73% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Steven Madden's ROA excels beyond industry benchmarks, reaching 3.9%. This signifies efficient management of assets and strong financial health.
Debt Management: Steven Madden's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.19.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Forecasting The Future: 4 Analyst Projections For Steven Madden

Needham analyst Tom Nikic initiates coverage on Steven Madden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) with a Hold rating.

Initiation

Needham Initiates Coverage On Steven Madden with Hold Rating

President-elect Donald Trump&#8217;s proposed tariffs have already <a href="https://www.benzinga.com/news/24/11/41871407/trumps-tariffs-deportations-and-tax-cuts-may-push-prices-higher-experts-say-its-pretty-clear">begun to upend businesses</a> in several industries and many are taking action to safeguard their profits. The tariffs, which include a 10-20% tax on all imports and a potential <a href="https://www.benzinga.com/news/global/24/11/41870809/china-may-benefit-from-trumps-return-to-white-house-despite-his-tariff-plans-says-expert-short-term-pain-but-potentially-long-term-strategic-gain">60-100% on goods from China</a>, are causing significant concern – and the costs are likely coming right to consumers' wallets.
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Philip Daniele, the CEO of AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>), has stated unequivocally that if these tariffs are imposed, consumers will bear the expense. On a recent earnings call, Daniele said, &#8220;If we get tariffs, we will pass those tariff costs back to the consumer.&#8221; The company expects to raise prices even before the tariffs take effect, anticipating how these new policies will impact its margins.
<h2 class="wp-block-heading">Who Else Is Raising Prices?</h2>
Many other businesses, particularly those that depend significantly on foreign suppliers, are also preparing for possible price increases, so AutoZone is not the only company preparing for these changes.&nbsp;
Steve Madden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) is one of the first companies to make a move. The shoe retailer, which sources 70% of its products from China, <a href="https://www.benzinga.com/24/11/41862692/steve-madden-announces-plans-to-move-production-to-avoid-trump-tariffs-but-theres-a-catch">announced that it will cut its reliance</a> on Chinese production by half, moving to places like Vietnam, Cambodia and Mexico. Even with these changes, customers should anticipate price increases as Steve Madden manages the higher expenses related to the effects of tariffs and changing supply chains.
Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a>
Columbia Sportswear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLM#NASDAQ">COLM</a>) also raised concerns about how tariffs would make it more difficult to maintain the affordability of its products. According to CEO Tim Boyle, the company may be forced to raise prices to cover the additional tariff charges.&nbsp;
The <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">National Retail Federation</a> expressed similar views, describing the tariffs as &#8220;a tax on American families&#8221; and warning that the cost of daily goods like furniture, shoes and clothes might rise sharply.
According to their research, a $90 pair of sneakers might cost $106-116 and a $100 coat could cost up to $21 more. Footwear companies, in particular, are worried – since nearly 99% of all shoes sold in the U.S. are made abroad, it will be tough to move production to the U.S. anytime soon.
See Also: With over 7.8K investors including Meta, Google and Amazon Execs – this AI start-up's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today before the offer closes in 2 weeks.</a>
<a href="https://www.benzinga.com/news/earnings/24/10/41599361/stanley-black-decker-q3-earnings-revenue-misses-cost-savings-drive-margin-gains-narrows-2024-eps-gu">Stanley Black &amp; Decker</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) is another company planning to deal with the potential impact of tariffs. According to CEO Donald Allan Jr., the company has been considering several options, but manufacturing their goods in the United States isn&#8217;t considered practical because of financial difficulties. Rather, they will probably pass on any higher expenses to customers. &#8220;And obviously, coming out of the gate, there would be price increases associated with tariffs that we put into the market,&#8221; Allan stated.
Even dollar stores aren&#8217;t immune. <a href="https://www.benzinga.com/insights/analyst-ratings/24/10/41451898/what-analysts-are-saying-about-dollar-tree-stock">Dollar Tree</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), which imports many of its items from China, might have to rethink its fixed-price-point model of $1.25 per item if tariffs increase costs too much. Like other importers, the company faces a difficult choice – absorb higher costs, which would hit profits or raise prices, which could challenge its value-focused business model.
For now, many companies are waiting to see what will actually happen with the proposed tariffs, but one thing is clear – if they do go into effect, the cost of imports will rise and those increases will most likely reach consumers.
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"We Will Pass Those Tariff Costs Back To The Consumer," Says CEO Of AutoZone. Here's A Look At Other Companies Raising Prices

Telsey Advisory Group analyst Dana Telsey maintains Steven Madden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) with a Market Perform and maintains $50 price target.

Price Target

Telsey Advisory Group Maintains Market Perform on Steven Madden, Maintains $50 Price Target

China may view President-elect Donald Trump&#8217;s return to the White House as an opportunity for strategic advantage despite immediate economic challenges, according to a leading China expert.
What Happened: Elizabeth Economy, a senior fellow at the Hoover Institution, <a href="https://x.com/BloombergTV/status/1855626514500333605">told</a> Bloomberg TV that while Trump&#8217;s proposed 60% tariffs would significantly impact China&#8217;s economy, the longer-term implications could favor Beijing&#8217;s global ambitions.
&#8220;China is probably looking at the return of Donald Trump as short-term pain, but potentially long-term strategic gain,&#8221; Economy said. She estimated that China would need to find new markets for approximately $200 billion in exports if Trump&#8217;s tariff plans materialize.
The trade restrictions would hit China particularly hard given its current economic struggles, Economy noted. However, she suggested that Trump&#8217;s potential impact on America&#8217;s global leadership role could ultimately benefit China&#8217;s strategic interests.
Economy emphasized that Trump&#8217;s presidency could weaken the United States&#8217; traditional position as a major security guarantor, free trade advocate, and democracy supporter on the world stage – areas where China seeks to expand its influence.&#8221;It opens up an opportunity for [Chinese Prsident] Xi Jinping to fill the gap to step into the bridge,&#8221; Economy said. 
See Also: <a href="https://www.benzinga.com/news/large-cap/24/11/41826586/wall-street-closes-at-record-highs-after-reassurance-from-powell-magnificent-7-hit-17-trillion-tre?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Wall Street Hits Record Highs After Powell&#8217;s Speech, Lifts Magnificent 7 Stocks To $17 Trillion In Historic Trading</a>
Why It Matters: Trump&#8217;s return has already <a href="https://www.benzinga.com/24/11/41867397/xi-jinping-courts-us-allies-to-counter-trumps-trade-threats-report">prompted reactions from China</a>, as seen in recent moves by Chinese leadership. China is actively engaging U.S. allies in Europe and Asia to mitigate the impact of Trump&#8217;s proposed tariffs, which could be as high as 60% on Chinese imports. This strategy includes offering tariff cuts and visa exemptions to these allies.
Additionally, the U.S. has taken steps to curb China&#8217;s technological advancements. A report reveals that the U.S. has asked Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to halt shipments of advanced chips to China, further <a href="https://www.benzinga.com/24/11/41867470/us-asks-tsmc-to-stop-shipment-of-chips-used-in-ai-applications-to-customers-from-china-after-its-chip-was-found-in-huawei-ai-processor">complicating China&#8217;s economic landscape</a>.
Furthermore, companies like Steve Madden Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) are <a href="https://www.benzinga.com/24/11/41862692/steve-madden-announces-plans-to-move-production-to-avoid-trump-tariffs-but-theres-a-catch">already adjusting their strategies</a> to avoid potential tariffs by reducing manufacturing in China and shifting production to other countries.
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

China May Benefit From Trump's Return To White House Despite His Tariff Plans, Says Expert: 'Short-Term pain, But Potentially Long-Term Strategic Gain'

Steve Madden Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>), a major player in the footwear industry valued at $3 billion, has announced plans to significantly reduce its manufacturing operations in China. This strategic shift is in response to President-elect Donald Trump&#8217;s <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">proposed tariffs on Chinese imports</a>.
What Happened: CEO Edward Rosenfeld revealed that the company intends to cut its production in China by half, as reported by<a href="https://edition.cnn.com/2024/11/08/economy/steve-madden-china-trump-tariffs/index.html"> CNN</a>. Currently, 70% of Steve Madden&#8217;s imports come from China.
The company plans to decrease this to between 40% and 45% over the next year by shifting production to countries like Cambodia, Vietnam, Mexico, and Brazil. This strategy aims to circumvent the potential tariffs, which could reach up to 60% on Chinese goods.
See Also:<a href="https://www.benzinga.com/markets/equities/24/11/41767332/trumps-potential-return-to-white-house-sends-ex-president-linked-phunware-stock-upwards-during-p?itm_source=parsely-api"> Trump&#8217;s Potential Return To White House Sends Ex-President Linked Phunware Stock Upwards During Pre-Market Hours</a>
Why It Matters: The decision by Steve Madden to move production is part of a broader response to President-elect Trump&#8217;s aggressive tariff proposals.
Trump has <a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">suggested imposing a 20% tariff</a> on all imports and even higher rates on Chinese goods. This has raised concerns among companies heavily reliant on Chinese manufacturing, such as Apple Inc. and others, about potential cost increases that might be passed on to consumers.
Furthermore, a<a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study"> study by the National Retail Federation</a> warns that these tariffs could lead to a significant reduction in consumer spending, potentially costing Americans $78 billion annually. The study highlights the impact on essential items like apparel and appliances, which could see price hikes, disproportionately affecting low-income families.
Economist <a href="https://www.benzinga.com/news/24/11/41795320/trumps-20-tariff-plans-could-unleash-wave-of-spending-on-big-ticket-buys-in-holiday-quarter-says-eco">Justin Wolfers</a> thinks that the anticipation of these tariffs might drive a surge in consumer spending on big-ticket items in the short term as people rush to make purchases before the tariffs take effect.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia Commons

Steve Madden Announces Plans To Move Production To Avoid Trump Tariffs, But There's A Catch

Citigroup analyst Paul Lejuez maintains Steven Madden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) with a Neutral and raises the price target from $43 to $45.

Citigroup Maintains Neutral on Steven Madden, Raises Price Target to $45

Steven Madden, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) shares are trading lower on Thursday. The company reported third-quarter adjusted EPS of 91 cents, <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beating the Wall Street View of 89 cents.</a>
Quarterly revenues of&nbsp;$624.7 million&nbsp;surpassed the analyst consensus of&nbsp;$607.9 million. Revenue <a href="https://www.benzinga.com/earnings">increased&nbsp;13.0%&nbsp;year over year</a>.
Direct-to-consumer revenue was&nbsp;$125.5&nbsp;million, a&nbsp;7.8%&nbsp;increase year over year. Revenue for the wholesale business was&nbsp;$495.7&nbsp;million, a&nbsp;14.4%&nbsp;increase year over year.
Gross profit as a percentage of revenue was&nbsp;41.5%&nbsp;compared to&nbsp;42.1%&nbsp;in the same period of 2022. Adjusted operating expenses as a percentage of revenue were&nbsp;27.9%&nbsp;compared to&nbsp;27.0%&nbsp;in the same period of 2022.
The company ended the quarter with 282&nbsp;company-operated brick-and-mortar retail stores and five e-commerce websites, as well as 67 company-operated concessions in international markets.
As of Sept. 30, cash and equivalents and short-term investments totaled $150.5 million. Inventory totaled $268.7 million as of the same date.
Dividend: The company approved a quarterly cash dividend of 21 cents per share. The dividend is payable on Dec. 27, to stockholders of record on Dec. 13.
Buyback: The company repurchased shares worth $20.2 million, which includes shares acquired through the net settlement of employees&#8217; stock awards.
Outlook:&nbsp;Steve Madden raised its FY24 revenue guidance to a 13%-14% increase (up from 11%-13%) and now expects adjusted EPS to be in the range of $2.62-$2.67, up from the prior range of $2.55-$2.65. The consensus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">estimate for adjusted EPS is $2.64</a>.
Edward Rosenfeld, chairman and chief executive officer, said, &#8220;This performance was driven by outstanding growth in the accessories and apparel categories – including another quarter of exceptional performance in Steve Madden handbags and a strong contribution from newly acquired Almost Famous – and robust top line gains in international markets and direct-to-consumer channels, demonstrating our team&#8217;s strong execution of our key strategic initiatives.&#8221;
Price Action: SHOO shares are up 1.1% at $44.75 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com//node/41803738" target="_blank" rel="noreferrer noopener">Invesco Launches New ETFs Targeting AI, Cybersecurity, And Defense. Here&#8217;s How Some Of Their Peers Have Performed In The Past Year</a></li>
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Photo via Wikimedia Commons

Earnings

Mid Cap

Guidance

Steve Madden Q3 Earnings Top Estimates As Revenue Jumps 13%, Lifts 2024 Outlook

Updated 2024 Outlook
For fiscal 2024, the Company now expects revenue will increase 13% to 14% compared to 2023. The Company now expects diluted EPS will be in the range of $2.36 to $2.41. The Company now expects Adjusted diluted EPS will be in the range of $2.62 to $2.67.

Steve Madden Continues To Expect FY24 Revenue To Increase 13%-14% (Prior 11%-13%), Adjusted EPS Of $2.62-$2.67 (Prior $2.55-$2.65), Est $2.64

Earnings Beats

Steven Madden Q3 2024 Adj. EPS $0.91 Beats $0.89 Estimate, Sales $624.675M Beat $607.858M Estimate

Burlington Stores, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/burl#NYSE">BURL</a>) strong sales growth in the second quarter of 2024, driven by an aggressive store expansion strategy, robust comparable sales performance and operational efficiencies, positions the company for sustained success.
Enhanced inventory management and operational efficiencies have boosted profitability. The company&#39;s revised guidance for fiscal 2024 reflects confidence in its continued strong performance, with expectations for improved margins and earnings.
Investments in supply-chain upgrades and automation position Burlington for sustained long-term growth. The company remains well-positioned to provide continued value to both consumers and investors, solidifying its market presence and competitive advantage.
<h2>BURL Achieves Growth on Store Expansion &amp; Improved Margins</h2>
Burlington achieved a remarkable 13% growth in total sales in the second quarter due to rapid store expansion. The company added 36 stores, raising its total store count to 1,057. This expansion is expected to continue, with plans to open 100 stores and relocate 30 by the end of 2024.
Sales at these new locations exceeded expectations, typically generating about $7 million in their first full year of operation. Burlington&#39;s continued focus on growing its store footprint underscores its ability to scale revenues and enhance its market presence across the United States.
Burlington&#39;s comparable store sales (comp sales) grew 5% year over year, surpassing its guidance of flat to 2%. A key driver of this success has been the company&#39;s emphasis on full-price selling, which rose 7%, enabling Burlington to reduce markdowns and increase margins. By reducing clearance sales and focusing on full-price goods, the company improved profitability and showcased its ability to deliver value to consumers.
BURL also made significant strides in improving its margins. The company&#39;s gross margin rose by 110 basis points, reaching 42.8% in the second quarter primarily due to faster inventory turnover and fewer markdowns. Operational efficiencies in distribution centers helped offset inflationary pressures, while supply-chain improvements contributed to a 160-basis-point expansion in the operating margin.
<h2>Burlington&#39;s Strong Outlook for FY24</h2>
BURL, which shares space with Skechers (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>), Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>) and Abercrombie (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>), updated its fiscal 2024 guidance, signaling a stronger outlook. Total sales are expected to rise 9-10%, up from the previously mentioned 8-10%. Comparable store sales are projected to grow 2-3%, an improvement from the earlier stated 0-2%.
The adjusted operating margin is forecast to increase 50-70 basis points, higher than the prior stated 40-60 basis points. Adjusted earnings per share are expected to be $7.66-$7.96, up from the previously stated $7.35-$7.75.
For the third quarter, Burlington anticipates a total sales increase of 10-12%, with comparable sales growth of 0-2% and an adjusted EBIT margin improvement of 60-80 basis points. In the fourth quarter, comparable sales are forecast to be flat or rise up to 2%, with total sales growth expected to be 5-7%.
<h2>Synopsis of SKX, SHOO &amp; ANF</h2>
Skechers is focused on expanding its direct-to-consumer segment and growing international sales. The company plans to invest in store openings, enhance omnichannel capabilities and build a second distribution center in China. These initiatives align with its long-term strategy to improve operational efficiency and expand customer reach. For fiscal 2024, Skechers expects sales between $8.88 billion and $8.98 billion, suggesting an increase from the $8 billion reported in fiscal 2023. It anticipates earnings per share between $4.08 and $4.18, indicating a rise from the $3.49 recorded in fiscal 2023.
Steven Madden&#39;s recovery in the U.S. wholesale footwear business signals a positive shift toward normalized inventory levels and renewed growth with key retail partners. This recovery underscores the brand&#39;s strength in its primary market and highlights its ability to overcome past challenges. With this improvement, the company is well-positioned for sustainable growth in its core business. Steven Madden&#39;s solid business framework enables it to capitalize on market opportunities and enhance stakeholder value. For 2024, SHOO expects revenue growth of 11-13% from that reported in 2023, with adjusted earnings projected at $2.55-$2.65 per share, implying growth from the $2.30 recorded in 2023.
Abercrombie is on track to achieve its 2024 target of demonstrating sustainable, profitable growth. The company expects to continue benefiting from strength in its brands, driven by its focus on delivering high-quality, on-trend assortments for new and retained customers across regions and brands. It has also been focused on making strategic investments across stores, digital and technology, which are slated to aid the company in the long term. Backed by the strong first-half fiscal 2024 results, Abercrombie raised its sales and operating margin views for the fiscal 2024. It anticipates net sales for fiscal 2024 to increase 12-13% from the $4.3 billion reported in the prior year. It earlier expected net sales growth of 10% for the fiscal 2024.
<a href="https://www.zacks.com/stock/news/2348944/burl-gains-from-robust-comparable-sales-operational-efficiencies?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2348944">To read this article on Zacks.com click here.</a>

Large Cap

Retail Sales

Trading Ideas

BURL

BURL Gains From Robust Comparable Sales & Operational Efficiencies

WIIM

FORD

PLCE

ROST

SCVL

ULTA

Shares of apparel-related stocks are trading lower possibly amid overall market weakness. Also, the sector could be pulling back from Friday's rally after the dockworkers reached a tentative deal to suspend their strike.

Steven Madden And Fast Simon Partner To Bring AI Shopping Optimization To 25 Online Stores

Designer Brands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dbi#NYSE">DBI</a>) released second-quarter fiscal 2024 results, wherein both the bottom and top lines lagged the Zacks Consensus Estimate and declined year over year.
However, during the second quarter, the company continued to advance with its strategic initiatives aimed at business transformation. Despite challenges in categories like dress and seasonal footwear, the expansion of athletic and athleisure brands helped mitigate some of the pressure.
Looking ahead, the focus will be on investments in retail and brand businesses to drive growth. Enhancements in product assortment, marketing and the omnichannel customer experience are intended to ensure the company remains a top destination for footwear. These enhancements will also help it to adapt to changing consumer spending patterns and evolving market trends.
<div class="chart_embed">
<h3>Designer Brands Inc. Price, Consensus and EPS Surprise</h3>
<h2><img alt="Designer Brands Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d8/1726139435.png" style="height:265px; width:570px" title="" /></h2>
Designer Brands Inc. price-consensus-eps-surprise-chart | Designer Brands Inc. Quote
</div>
<h2>More on Designer Brands&#39; Q2 Results</h2>
Designer Brands posted adjusted earnings of 29 cents per share, which missed the Zacks Consensus Estimate of 56 cents. The company recorded earnings of 59 cents per share in the year-ago period.
Net sales were $771.9 million, down 2.6% year over year. The top line missed the Zacks Consensus Estimate of $819 million. Also, comparable sales (comps) decreased 1.4% year over year compared with the Zacks Consensus Estimate of a nearly 3.7% decline.
<h2>Insight Into DBI&#39;s Margins &amp; Expenses</h2>
Gross profit amounted to $252.9 million, down 7.5% from $273.4 million in the year-ago quarter. This was primarily due to lesser revenues. Also, the gross margin decreased 170 bps to 32.8% from the prior-year period&#39;s level.
This decline was mainly due to a lower initial markup on athletic and athleisure products as the company focused on increasing its market share in these categories. Additionally, the need to run promotions to clear seasonal inventory put pressure on the gross margin, leading to reduced profitability.
Adjusted SG&amp;A expenses, as a percentage of net sales, rose to 28.9%, up 200 basis points from 26.9% in the same quarter last year. This increase in the ratio was primarily due to a drop in overall sales, combined with higher fixed costs and greater investment in areas like talent acquisition and IT, particularly for e-commerce and back-to-school marketing. However, this impact was somewhat mitigated by cost reductions implemented at the start of the second quarter.
Adjusted net income amounted to $17.1 million, down 56.7% from $39.4 million in the year-ago quarter.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3a/77463.jpg?v=1059863912" />
Image Source: Zacks Investment Research
<h2>Update on Designer Brands&#39; Segmental Performance</h2>
U.S. Retail: Segment sales decreased 2.6% year over year to $641.7 million compared with the Zacks Consensus Estimate of $652 million.
Canada Retail: Segment sales increased 6.4% year over year to $74.8 million compared with the Zacks Consensus Estimate of $86 million.
Brand Portfolio: Segment sales of $96 million increased 14% year over year. The metric lagged the Zacks Consensus Estimate of $121 million.
<h2>DBI&#39;s Financial Snapshot: Cash, Debt &amp; Equity Overview</h2>
In the second quarter, the company reported cash and cash equivalents totaling $38.8 million compared with $46.2 million at the end of the same period in 2023. It also had $155.1 million available for borrowings under its senior secured asset-based revolving credit facility.
Debt levels also rose significantly, reaching $465.7 million by the end of the second quarter compared with $331 million in the year-ago period. Additionally, the company ended quarter with inventories of $642.8 million, which marked an increase from the $606.8 million recorded at the end of second-quarter 2023.
As part of its efforts to return value to shareholders, the company repurchased 2.7 million Class A common shares during the second quarter, with an aggregate cost of $18 million. As of Aug. 3, 2024, there remained $69.7 million worth of Class A common shares available for repurchase under the share repurchase program.
<h2>Update on DBI&#39;s Stores</h2>
During the fiscal second quarter, the company closed one store in the United States and opened two stores in Canada, resulting in a total of 499 U.S. stores and 177 Canadian stores as of Aug, 3, 2024.
<h2>Designer Brands&#39; FY24 Guidance</h2>
The company has revised its financial outlook for 2024. It now expects sales growth to be flat to low-single digits compared with the initial projection of low-single digits growth.
Additionally, the company has lowered its guidance for adjusted earnings per share. The metric is now expected to be in the range of 50-60 cents compared with the prior guided range of 70-80 cents. This revised outlook reflects more cautious expectations for the remainder of the year.
Shares of this Zacks Rank #3 (Hold) company have lost 29.7% in the past three months compared with the industry&#39;s 12.6% decline.
<h2>Key Picks</h2>
Some better-ranked companies are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 10.3% and 10.7%, respectively, from the fiscal 2023 reported figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Abercrombie is a specialty retailer of premium, high-quality casual apparel. It sports a Zacks Rank of 1 at present. ANF delivered a 16.8% earnings surprise in the last reported quarter.
The consensus estimate for Abercrombie&#39;s fiscal 2025 earnings and sales indicates growth of 61% and 12.6%, respectively, from the fiscal 2024 reported levels. ANF has a trailing four-quarter average earnings surprise of 28%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2335063/designer-brands-q2-earnings-miss-estimates-comps-decline-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2335063">To read this article on Zacks.com click here.</a>

Earnings Misses

Small Cap

BOOT

Designer Brands' Q2 Earnings Miss Estimates, Comps Decline Y/Y

Under Armour, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uaa#NYSE">UAA</a>) has revised its fiscal 2025 restructuring strategy to include additional steps aimed at enhancing supply-chain operations and business efficiency. Originally, the company estimated pre-tax restructuring expenses to be in the range of $70-$90 million.&nbsp;After reevaluation, pre-tax restructuring expenses are anticipated to be in the range of $140-$160 million.
A major driver of this adjustment is the decision to phase out one of its primary distribution centers in Rialto, CA, by March 2026. This restructuring reflects Under Armour&#39;s broader goal of streamlining operations and refining its supply chain. While the updated plan will increase short-term costs, the company aims to emerge more agile and financially stronger in the long run.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/69/77143.jpg?v=261741690" />
Image Source: Zacks Investment Research
<h2>Financial Impact of Restructuring on Under Armour</h2>
The financial impact of Under Armour&#39;s restructuring plan is expected to be significant, involving both cash-related and non-cash expenses. The company projects cash-related charges of up to $75 million, with $30 million allocated for severance and employee benefits and an additional $45 million for various transformation initiatives aimed at improving operational efficiency.&nbsp;
In addition, non-cash charges are anticipated to be almost $85 million. This includes $7 million in severance-related costs and $78 million in impairments tied to assets such as facilities, software and other resources. By the end of the first quarter of fiscal 2025, Under Armour had already incurred $34 million in restructuring costs, consisting of $19 million in cash-related charges and $15 million in non-cash expenses. The company estimates that approximately two-thirds of the total restructuring costs will be recognized by the end of fiscal 2025.
<h2>UAA&#39;s Revised Financial Projections</h2>
As a result of the expanded restructuring efforts, Under Armour has updated its fiscal 2025 financial outlook. The company now forecasts operating loss to be in the range of $220-$240 million, an increase from the previously expected range of $194-$214 million. However, excluding restructuring and litigation-related charges, adjusted operating income is projected to be between $140 million and $160 million.
Additionally, the company has revised its expectations for loss per share, which is now estimated to be between 58 cents and 61 cents, up from the earlier guided range&nbsp; of 53 - 56 cents. On an adjusted basis, excluding the impact of restructuring expenses, Under Armour anticipates earnings per share to be in the range of 19 - 22 cents. These updated projections reflect the financial implications of the restructuring plan.
<h2>Conclusion</h2>
Under Armour&#39;s updated fiscal 2025 restructuring plan marks a significant shift in its efforts to streamline operations and cut costs. The decision to exit a key distribution facility, alongside other transformational initiatives, has led to an increase in anticipated restructuring expenses. Despite the immediate financial impact, including higher projected losses, the company aims to create a more agile and efficient business in the long term.
While the expanded restructuring will result in increased short-term costs, the adjusted earnings outlook, excluding these charges, remains positive. Under Armour aims to be better positioned for sustained profitability and growth in the years to come.
This Zacks Rank #3 (Hold) company&#39;s shares have risen 9.4% in the past three months against the industry&#39;s 10.9% decline.
<h2>Key Picks</h2>
Some better-ranked stocks are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Abercrombie &amp; Fitch Co.&nbsp;and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 8.9% and 10.7%, respectively, from the fiscal 2023 figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Abercrombie is a specialty retailer of premium, high-quality casual apparel. It sports a Zacks Rank of 1 at present. ANF delivered a 16.8% earnings surprise in the last reported quarter.
The consensus estimate for Abercrombie&#39;s fiscal 2025 earnings and sales indicates growth of 61% and 12.6%, respectively, from the fiscal 2024 levels. ANF has a trailing four-quarter average earnings surprise of 28%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2333875/under-armour-s-restructuring-to-improve-supply-chain-long-term-growth?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333875">To read this article on Zacks.com click here.</a>

Under Armour's Restructuring to Improve Supply Chain, Long-Term Growth

Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) has seen a substantial 45.4% surge in its stock price in the past six months, significantly outpacing the Zacks Retail-Apparel and Shoes industry&#39;s 6.5% decline. This impressive growth is driven by the company&#39;s strategic initiatives, such as AI-powered inventory management, pricing optimization, margin expansion, enhanced client engagement and improved cost efficiency.
These efforts have enabled Stitch Fix to outperform both the broader Retail-Wholesale sector and the S&amp;P 500 index, which saw growth of 2.6% and 5.9%, respectively, in the same period. This impressive uptick has left many investors wondering if they missed out on a lucrative opportunity or if there is still potential for growth. Closing at $3.46 as of Sept. 6, the SFIX stock is inching toward its 52-week high of $5.05 attained on July 16, 2024.
Technical indicators are supportive of Stitch Fix&#39;s strong performance. The stock is trading above both its 100-day and 200-day moving averages, indicating robust upward momentum and price stability. This technical strength reflects positive market perception and confidence in SFIX&#39;s financial health and prospects.
From a valuation perspective, the stock presents an attractive opportunity, trading at a discount relative to historical and industry benchmarks. With a forward 12-month price-to-sales ratio of 0.33, below the five-year median of 0.54 and the industry&#39;s average of 1.04, the stock offers compelling value for investors seeking exposure to the sector. The stock currently has a Value Score of A, further validating its appeal.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/17/76991.jpg?v=763422785" />
Image Source: Zacks Investment Research
<h2>Stitch Fix&#39;s Strategic Moves to Drive Growth</h2>
Stitch Fix continues to fuel its growth by leveraging AI and data analytics, which have become central to the company&#39;s operations. A key driver of this success is the implementation of an AI-driven inventory buying tool, now responsible for nearly half of all inventory decisions, significantly boosting efficiency compared to traditional methods. This strategic application of AI highlights Stitch Fix&#39;s commitment to innovating business processes and maintaining a competitive edge.
The introduction of Quick Fixes, a feature that allows clients to schedule an additional fix immediately after checkout, has led to a 25% increase in average order value within three weeks, showcasing the company&#39;s agility in meeting client needs. Additionally, a comprehensive review of pricing architecture has resulted in adjustments expected to generate more than $20 million in annualized contribution profit, aligning prices with the value offered and enhancing profitability.
Stitch Fix has also made significant strides in margin expansion and operational efficiency. In the third quarter of fiscal 2024, the company reported a 280-basis-point year-over-year increase in gross margin, reaching 45.5%. This improvement was driven by strong product margins and better transportation leverage, reflecting the company&#39;s strategic focus on optimizing pricing and inventory management.
Enhancing the client experience remains a top priority for Stitch Fix. The company has introduced more dynamic and personalized interactions, such as increasing the number of items in each fix, refining discount strategies and improving the onboarding process. These initiatives have already delivered promising results, with higher average order values and improved retention metrics, indicating strong client satisfaction and loyalty.
The launch of Stitch Fix Freestyle has created a unique shopping experience, allowing customers to discover and purchase curated items based on their style preferences, fit and size, without the need for a Fix first. This initiative is part of the company&#39;s broader strategy to expand its client base and achieve long-term profitability.
On the marketing front, Stitch Fix is refining its strategy to prioritize liquidity preservation and profitability by focusing on high-lifetime-value clients. The company is also restructuring its operations, including consolidating U.S. warehouse locations from five to three and successfully divesting its U.K. operations, further aligning SFIX&#39;s business for sustained growth.
<h2>Declining Active Client Base: A Major Hurdle of SFIX</h2>
The reduction in the active client base in the past eight quarters has been a major concern and is the primary factor behind the company&#39;s revenue decline. In the third quarter of fiscal 2024, the number of active clients involved in ongoing operations fell to 2,633,000, representing a 20% year-over-year decrease.
Consequently, the company&#39;s revenues dropped 15.8% in the fiscal third quarter. This persistent decline in sales indicates ongoing challenges in client retention and acquisition, possibly indicating deeper issues related to product appeal or increased market competition.
<h2>Conclusion</h2>
Investors may consider SFIX stock due to its strong recovery momentum, bolstered by innovative AI-driven inventory management and pricing strategies, which have significantly improved efficiency, margins and client engagement.
Despite a decline in the active client base, the stock&#39;s value appeal is evident in its low price-to-sales ratio and outperforming industry benchmarks, combined with technical indicators showing robust price stability. This makes SFIX an attractive option for those seeking exposure to a company leveraging advanced analytics for growth. The company&#39;s focus on operational efficiency and profitability further enhances its investment potential. Stitch Fix currently carries a Zacks Rank #3 (Hold).
<h2>Key Picks</h2>
Some better-ranked stocks are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 8.9% and 10.7%, respectively, from the fiscal 2023 figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Abercrombie is a specialty retailer of premium, high-quality casual apparel. It sports a Zacks Rank of 1 at present. ANF delivered a 16.8% earnings surprise in the last reported quarter. The consensus estimates for Abercrombie&#39;s fiscal 2025 earnings and sales indicate growth of 61% and 12.6%, respectively, from the fiscal 2024 levels. ANF has a trailing four-quarter average earnings surprise of 28%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank of 2 (Buy). The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2333466/should-you-invest-in-stitch-fix-stock-after-a-45-rise-in-six-months?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333466">To read this article on Zacks.com click here.</a>

Penny Stocks

Technicals

SFIX

Should You Invest in Stitch Fix Stock After a 45% Rise in Six Months?

Burlington Stores, Inc. has reported impressive second-quarter fiscal 2024 results, wherein sales and earnings beat the Zacks Consensus Estimate. Also, both the bottom and top lines grew year over year. The company raised its fiscal 2024 outlook driven by robust performance.
Burlington Stores has been focusing on strategic initiatives to drive growth and profitability, including a significant expansion of its store footprint. The company is also working on optimizing its merchandise assortment by increasing the mix of better brands, which will help attract more customers and reinforce its value proposition.
Additionally, the company is enhancing its supply chain through productivity initiatives, which include modernizing its distribution centers with more automation. This focus on operational improvements, along with better inventory management resulting in faster turnover and lower markdowns, supports overall profitability.
<div class="chart_embed">
<h3>Burlington Stores, Inc. Price, Consensus and EPS Surprise</h3>
<h2><img alt="Burlington Stores, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6c/1725016595.png" style="height:265px; width:590px" title="" /></h2>
Burlington Stores, Inc. price-consensus-eps-surprise-chart | Burlington Stores, Inc. Quote
</div>
<h2>More on Burlington Stores&#39; Q2 Financial Results</h2>
Burlington Stores reported adjusted earnings of $1.20 per share, which surpassed the Zacks Consensus Estimate of 95 cents. The bottom line rose 100% from 60 cents in the year-ago quarter. Excluding the acquisition of Bed Bath &amp; Beyond leases, earnings were $1.24 per share compared with 63 cents in the year-ago period.
Total revenues of $2,465.5 million increased 13.4% from the prior-year quarter and beat the Zacks Consensus Estimate of $2,421 million. The company&#39;s comparable store sales jumped 5% from the year-ago period. Net sales were $2,461.2 million and other revenues were $4.3 million.
<h2>Insight Into BURL&#39;s Margins</h2>
The gross margin was 42.8%, up 110 basis points (bps) from second-quarter fiscal 2023. We expected the gross margin to increase 60 bps year over year. The merchandise margin expanded 90 bps due to lower markdowns. Freight expenses improved 20 bps year over year driven by lower freight rates and cost savings initiatives.
Adjusted selling, general and administrative (SG&amp;A) expenses rose 13.7% year over year to $667.1 million. Adjusted SG&amp;A expenses, as a rate of sales, was 27.1%, up 10 bps from second-quarter fiscal 2023. We estimated adjusted SG&amp;A expenses to grow 9.6% year over year in the second quarter.
Product sourcing costs were $192 million, up from $183 million in the year-ago quarter. This is due to supply-chain expense leverage from continued progress on the company&#39;s distribution center productivity initiatives.
Adjusted EBITDA increased 43.3% from the second quarter of fiscal 2023 to $201.8 million. The adjusted EBITDA margin increased 170 bps to 8.2%. Adjusted EBIT was $115.2 million, up 70.1% from $67.7 million in the year-ago quarter. The adjusted EBIT margin was 4.7%, up 160 bps from the year-ago quarter.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d6/76056.jpg?v=1270245050" /> 
Image Source: Zacks Investment Research
<h2>An Update on Burlington Stores&#39; Fleet of Stores</h2>
In the fiscal second quarter, Burlington Stores expanded its presence significantly by opening 36 net new stores, bringing the total to 1,057 locations by the end of the quarter. The company also relocated four older, oversized stores as part of its ongoing efforts to optimize its store base.
BURL is on track to open approximately 100 net new stores and relocate around 30 locations in fiscal 2024. Sales of the new stores are exceeding the company&#39;s expectations, which typically target about $7 million in sales for the first full year of operation. This expansion strategy is a central part of Burlington&#39;s growth plan as it continues to build out its store network across the United States.
<h2>BURL&#39;s Financial Snapshot: Cash, Debt and Equity Overview</h2>
The company ended the reported quarter with cash and cash equivalents of $659.9 million, long-term debt of $1.23 billion and stockholders&#39; equity of $1.07 billion. BURL exited the fiscal second quarter with $1.48 billion of liquidity, including $660 million of unrestricted cash and $816 million available under its ABL facility.
Burlington Stores ended the quarter with $1.40 billion of outstanding total debt, comprising $929 million under its term-loan facility, $453 million of convertible notes and no borrowings under its ABL facility.
The company bought back 269,508 shares for $61 million under its share repurchase plan in the fiscal second quarter. As of Aug 3., 2024, BURL had $380 million remaining under its current share repurchase authorization.
<h2>BURL&#39;s Fiscal 2024 Guidance</h2>
For the fiscal third quarter, the company anticipates a 10-12% increase in total sales. This projection is based on an expected 0-2% increase in comparable store sales from the year-ago quarter. The adjusted EBIT margin is expected to improve 60-80 bps year over year in the third quarter.
The company estimates an adjusted effective tax rate of approximately 25%. Additionally, it forecasts adjusted earnings per share to be in the range of $1.45-$1.55, up from adjusted EPS of $1.10 (which excludes $7 million, net of tax, of expenses related to the acquired Bed Bath &amp; Beyond leases) in the year-ago period.
For the fiscal fourth quarter, the outlook indicates comparable store sales to remain flat or grow up to 2%. Total sales are expected to increase between 5% and 7%. EBIT margins are anticipated to decrease in the band of 50-80 bps. EPS is projected to be in the range of $3.55-$3.75. It&#39;s important to note that the shift to a 53rd week in the fiscal year is anticipated to have a significant negative impact on total sales, adjusted EBIT and adjusted EPS for the fourth quarter.
The company&#39;s revised projections for fiscal 2024 indicate a more optimistic outlook compared with previous estimates. Total sales are now expected increase in the band of 9-10%, slightly higher than the earlier estimated 8-10%. Comparable store sales are now expected to grow in the range of 2-3%, an improvement from the previous estimate of 0-2%, indicating stronger expected performance at individual stores. In terms of profitability, the adjusted EBIT margin is projected to increase in the range of 50-70 bps, which is slightly more favorable than the previous estimated range of 40-60 bps.
The forecast for adjusted EPS has also been revised upward and is now expected to be in the range of $7.66-$7.96 compared with the earlier estimate of $7.35-$7.75. This indicates stronger overall profitability. Both projections exclude expenses associated with the acquired Bed Bath &amp; Beyond leases.
In fiscal 2024, management intends a capital expenditure, net of landlord allowances, of $750 million. Net interest expenses are expected to be $40 million whereas the adjusted effective tax rate is likely to be 26%.
Over the past three months, this Zacks Rank #3 (Hold) company has gained 11.3% compared with the industry&#39;s 7.7% growth.
<h2>Stocks to Consider</h2>
Some better-ranked stocks are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Deckers Outdoor Corporation&nbsp;and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 8.9% and 10.7%, respectively, from the fiscal 2023 reported figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It has a Zacks Rank #2 (Buy) at present. DECK delivered a 25.9% earnings surprise in the last reported quarter.
The consensus estimate for Deckers&#39; fiscal 2025 earnings and sales indicates growth of 8.4% and 11.5%, respectively, from the fiscal 2024 reported levels. DECK has a trailing four-quarter average earnings surprise of 47.2%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank of 2.
The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2329635/burlington-stores-q2-earnings-beat-estimates-fiscal-2024-outlook-raised?cid=CS-BENZ-FT-analyst_blog|earnings_article-2329635">To read this article on Zacks.com click here.</a>

Burlington Stores' Q2 Earnings Beat Estimates, Fiscal 2024 Outlook Raised

Guess? Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ges#NYSE">GES</a>) posted mixed second-quarter fiscal 2025 results, with the top line increasing year over year. The bottom line declined from the year-ago quarter&#39;s reported figure and missed the consensus mark.
The company is lowering its fiscal 2025 revenue and earnings outlook to reflect the current weaker consumer environment. That said, it is effectively managing its costs and inventories while still supporting business growth through investments in marketing, new stores and infrastructure. The acquisition of rag &amp; bone is likely to have contributed to the positive performance.
<h2>GES&#39;s Quarterly Performance: Key Metrics &amp; Insights</h2>
GES reported adjusted earnings of 42 cents per share that missed the Zacks Consensus Estimate of 44 cents. However, the bottom line declined 42% from earnings of 72 cents in the year-ago quarter. The company&#39;s bottom-line performance reflects its decision to substantially boost marketing investments compared with last year&#39;s levels. This increased spending was aimed at supporting the international expansion of its brands, including the core Guess brand and the new additions to the portfolio, such as Guess Jeans and rag &amp; bone.
Net revenues amounted to $732.6 million, up 10% year over year. On a constant-currency (cc) basis, net revenues rose 13%. The strong performance was driven by the Rag &amp; Bone acquisition and robust wholesale results in Europe and Americas regions. All segments, except Asia, registered top-line growth. The consensus mark for quarterly revenues was pegged at $732 million.
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<h3>Guess?, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Guess?, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/be/1724936439.png" style="height:268px; width:577px" title="" />
Guess?, Inc. price-consensus-eps-surprise-chart | Guess?, Inc. Quote
Gross margin contracted to 43.7% from 44.3% reported in the year-ago quarter. As a percentage of sales, SG&amp;A expenses increased to 38.7% from 34.6% in the prior-year quarter&#39;s level.
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Adjusted earnings from operations were $37.9 million, down 41.6% from $65 million reported in the year-ago quarter. The adjusted operating margin came in at 5.2%, down from 9.8% reported in the same quarter last year. The downtick was mainly caused by increased expenses, the impact of newly-acquired businesses and higher promotions. However, it was partially offset by initial markups and the positive impact of higher revenues.
<h2>Guess? Provides Q2 Revenue &amp; Margin Insights by Segment</h2>
Revenues in the Americas Retail segment rose 8% in U.S. dollars and 9% at constant currency or cc. However, retail comparable sales, including e-commerce, declined 10% in both U.S. dollars and at cc. The segment&#39;s operating margin fell 7.6% to 1.5% in the quarter.
Americas Wholesale revenues soared 93% on a reported basis and 94% at cc. The segment&#39;s operating margin declined 6.4% to 18.9% due to the impact of newly-acquired businesses.
The Europe segment&#39;s revenues increased 5% and 8% on a reported basis and at cc, respectively. Retail comp sales (including e-commerce) moved up 1% on a reported basis and 4% at cc. The segmental operating margin was 9.8%, down 3.1% year over year.
Asia revenues declined 8% on a reported basis and 4% at cc. Retail comp sales (including e-commerce) fell 14% and 10% on a reported basis and at cc, respectively. The operating margin in the segment stood at negative 2.3%, down 1.4% year over year. The downside was primarily due to lower revenues and increased expenses.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a2/75931.jpg?v=656106988" />
Image Source: Zacks Investment Research
Licensing revenues rose 4% on a reported basis and at cc. Segmental operating margin was 93.3% compared with 94.1% in the year-ago quarter. The reduction in the operating margin was primarily due to increased expenses.
<h2>GES&#39;s Financial Health Snapshot &amp; Shareholder Friendly Move</h2>
The Zacks Rank #3 (Hold) company exited the quarter with cash and cash equivalents of $218.9 million and long-term debt and finance lease obligations of nearly $187.8 million. Stockholders&#39; equity was around $491.2 million.
Net cash from operating activities for the six months ended Aug. 3, 2024, was $21.7 million. Free cash flow for the same period amounted to negative almost $23 million. For the fiscal 2025, free cash flow is envisioned to be $100 million.
GES announced a quarterly dividend of 30 cents per share on the company&#39;s common stock, payable on Sep. 27, 2024, to shareholders on record as of Sep. 11.
In the fiscal second quarter, management repurchased nearly 2.3 million shares for $50 million. Following this transaction, the company had a remaining capacity of $139.8 million in its share repurchase program.
<h2>What to Expect From GES in the Future?</h2>
For the fiscal 2025, Guess? projects revenue growth to be between 9.5% and 11%, down from the previous range of 10.7-12.7%.
The adjusted operating margin is expected to be between 7.3% and 7.8%, revised from the earlier forecast of 7.7% to 8.5% for the fiscal 2025. The GAAP operating margin is anticipated to range from 7.2-7.7% compared with the previous estimate of 7.3-8.1%.
Management forecasts fiscal 2025 adjusted earnings per share to be between $2.42 and $2.70, down from the earlier range of $2.62 to $3.00 and compared with $3.14 reported in the fiscal 2024. On a GAAP basis, EPS are expected to fall between $1.92 and $2.14 compared with the previous projection of $2.59 to $2.89 and $3.09 in the fiscal 2024.
For third-quarter fiscal 2025, management expects revenue growth in the 14.5-16.5% band. Adjusted operating margin is likely to be between 4.7% and 5.8%. On an adjusted basis, EPS are forecast in the range of 33-45 cents. On a GAAP basis, EPS are anticipated in the range of 28-38 cents.
Shares of this Zacks Rank #3 (Hold) company have declined 13.5% in the past three months compared with the industry&#39;s 2.8% decline.
<h2>3 Promising Stocks</h2>
A few better-ranked stocks are Wolverine World Wide (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/www#NYSE">WWW</a>), Kontoor Brands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ktb#NYSE">KTB</a>) and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Wolverine World Wide designs, manufactures and distributes of a wide variety of casual and active apparel and footwear. WWW sports a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for WWW&#39;s current financial-year sales indicates a decline of almost 23% from the year-ago reported figures.
Kontoor Brands is an apparel company. The stock currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for KTB&#39;s 2024 earnings and sales indicates growth of 12.7% and 0.1%, respectively, from the 2023 reported figures. KTB has a trailing four-quarter average earnings surprise of 12.3%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank of 2.
The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago reported actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2329117/guess-lags-on-q2-earnings-cuts-fy25-view-on-consumer-slowdown?cid=CS-BENZ-FT-analyst_blog|earnings_article-2329117">To read this article on Zacks.com click here.</a>

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Steven Madden, Ltd. (SHOO) Q3 2024 Earnings Call Transcript

Steve Madden Stock: Fairly Valued Despite China Headwinds, But Not An Opportunity

The luxury market shows promise due to sustained high-income consumer spending, robust growth in emerging markets, digital engagement, and expansion in high-demand categories and retail channels. Therefore, investors may want to consider watching strong luxury stocks: Steven Madden (SHOO), Ralph Lauren (RL), and Hugo Boss (BOSSY) as global demand continues to soar. Read more... Despite slowing demand in mature markets and geopolitical tensions, high-income consumers continue prioritizing luxury spending amid economic uncertainties. Emerging markets, particularly in Asia, are driving strong growth due to rising demand.
With global luxury demand soaring, it may be prudent to watch fundamentally strong stocks like Steven Madden, Ltd. (<a href="https://stocknews.com/stock/SHOO/">SHOO</a>), Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>), and Hugo Boss AG (<a href="https://stocknews.com/stock/BOSSY/">BOSSY</a>).
As Gen Z and Millennials drive increasing interest in luxury, digital engagement and exclusive collections attract both new and loyal customers. E-commerce and omnichannel strategies enhance accessibility and customer experience, fueling luxury sales growth. This year, the luxury goods market is expected to generate <a href="https://www.statista.com/outlook/cmo/luxury-goods/worldwide">$473.90 billion in revenue</a>, with a projected CAGR of 4%.
Similarly, with strong growth in high-demand categories like cosmetics, jewelry, and apparel, the global luxury fashion market is projected to reach $410.6 billion by 2032, growing at a <a href="https://straitsresearch.com/report/luxury-fashion-market#:~:text=The%20global%20luxury%20fashion%20market,period%20(2024%2D2032).">CAGR of 5.8%</a> from 2024 to 2032. Notably, increased tourism and expanded retail channels are driving sector recovery.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry stocks, beginning with the third choice.
Stock #3: Steven Madden, Ltd. (<a href="https://stocknews.com/stock/SHOO/">SHOO</a>)
SHOO designs, sources, and markets fashion-forward branded and private-label footwear, accessories, and apparel in the United States and internationally. It operates through the Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to-Consumer, and Licensing segments.
In terms of the trailing-12-month gross profit margin, SHOO's 41.27% is 9.5% higher than the 37.69% industry average. Its 20.40% trailing-12-month <a href="https://www.investopedia.com/terms/r/returnonequity.asp">Return on Common Equity</a> is 91.5% higher than the 10.66% industry average. On the other hand, the stock's 1% trailing-12-month Capex / Sales is 65.5% lower than the 2.90% industry average.
SHOO's net sales for the third quarter ended September 30, 2024, increased 13% year-over-year to $621.17 million. Its adjusted gross profit grew 11.6% year-over-year to $259.60 million. Additionally, the company's adjusted net income attributable to SHOO decreased slightly year-over-year to $64.81 million, while adjusted net income per share rose 3.4% to $0.91 compared to the prior-year quarter.
Street expects SHOO's revenue for the quarter ending December 31, 2024, to increase 6.5% year-over-year to $553.65 million, while its EPS for the same quarter is expected to decline 10.8% year-over-year to $0.54. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 12.8% to close the last trading session at $41.59.
SHOO's mixed prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of C, equating to a Neutral in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a C grade for Growth, Value, Momentum, Stability, Sentiment, and Quality. It is ranked #20 out of 61 stocks in the B-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry. <a href="https://stocknews.com/stock/SHOO/">Click here</a> to access all of SHOO's POWR Ratings.
Stock #2: Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>)
RL designs, markets, and distributes lifestyle products in North America, Europe, Asia, and other international markets. The company offers apparel, including a range of men's, women's, and children's clothing, as well as footwear, accessories, leather goods, home products, and fragrances.
In terms of the trailing-12-month levered FCF margin, RL's 11.78% is 149.3% higher than the 4.72% industry average. Its 12.42% trailing-12-month EBIT margin is 53.9% higher than the 8.07% industry average. Also, the stock's 10.06% trailing-12-month Return on Total Assets is 159.1% higher than the 3.88% industry average.
For the fiscal second quarter that ended September 28, 2024, RL's revenues increased 5.7% year-over-year to $1.73 billion. Its gross profit rose 8% from the year-ago value to $1.16 billion. In addition, the company's non-GAAP net income and non-GAAP net income per common share grew 15% and 21% from the prior year's period to $162.10 million and $2.54, respectively.
For the quarter ending December 31, 2024, RL's EPS and revenue are expected to increase 7.9% and 3.9% year-over-year to $4.50 and $2.01 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 64.9% to close the last trading session at $202.15.
It's no surprise that RL has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
It has a B grade for Quality and a B for Sentiment. It is ranked #17 in the same industry. Beyond what we stated above, we also have given RL grades for Growth, Momentum, Stability, and Sentiment. Get all the RL ratings <a href="https://stocknews.com/stock/RL/">here</a>.
Stock #1: Hugo Boss AG (<a href="https://stocknews.com/stock/BOSSY/">BOSSY</a>)
Headquartered in Metzingen, Germany, BOSSY and its subsidiaries provide apparel, shoes, and accessories for men and women worldwide. It also offers licensed products, including fragrances, eyewear, watches, children's fashion, equestrian items, and cycling gear.
On November 13, 2024, BOSSY launched its Ski capsule collection, featuring high-performance skiwear and luxurious après-ski pieces in signature colors. The collection combines technical functionality with modern sophistication, available at selected BOSSY stores and online.
On October 23, 2024, BOSSY announced its collaboration with Laurastar to launch the "Laurastar by BOSS" high-end steamers, blending cutting-edge technology and minimalist design for premium garment care. The collection includes the versatile IZZI steamer and portable IGGI steamer, available globally online.
In terms of the trailing-12-month Return on Common Equity, BOSSY's 16.93% is 58.8% higher than the 10.66% industry average. Its 61.49% trailing-12-month gross profit margin is 63.2% higher than the 37.7% industry average. Likewise, the stock's 1.23x trailing-12-month asset turnover ratio is 22.5% higher than the 1x industry average.
During the third quarter ended September 30, 2024, BOSSY's net sales increased marginally year-over-year to €1.03 billion ($1.09 billion). Its gross profit amounted to €619 million ($653.65 million). For the same period, its net income and EPS stood at €56 million ($59.13 million) and €0.79, respectively.
Analysts expect BOSSY's revenue for fiscal 2025 to increase 4.1% year-over-year to $4.68 billion. It surpassed the Street revenue estimates in three of the trailing four quarters. Over the past three months, BOSSY's stock has gained 1.9% to close the last trading session at $8.93.
BOSSY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Value and a B for Growth, Stability, and Quality. Within the Fashion &amp; Luxury industry, it is ranked first. To see BOSSY's Momentum and Sentiment ratings, <a href="https://stocknews.com/stock/BOSSY/">click here</a>.
What To Do Next?
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RL shares rose $3.37 (+1.67%) in premarket trading Thursday. Year-to-date, RL has gained 44.39%, versus a 25.98% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/rl-bossy-shoo-3-luxury-brand-stocks-to-watch-as-global-demand-soars/>3 Luxury Brand Stocks to Watch as Global Demand Soars</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Luxury Brand Stocks to Watch as Global Demand Soars

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President-...

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