Steven Madden Announces Record Second Quarter Results
Total Sales Increase 103%, Same-Store Sales Increase 30%
Fully-Diluted Earnings per Share Increase 138%
LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--July 27, 1999--Steven Madden Ltd. (NASDAQ: SHOO - news), a leading designer, wholesaler and marketer of fashion footwear for women today announced record financial results for the second quarter and six months ended June 30, 1999.
Revenues for the second quarter of fiscal 1999 increased 103% to $38,056,000 compared to $18,733,000 for the second quarter of fiscal 1998. Net income for the second quarter rose 168% to $2,364,000 versus net income of $881,000 last year. Diluted earnings per share increased 138% to $0.19 on 12,193,638 diluted weighted average shares outstanding versus diluted earnings per share of $0.08 on 10,913,538 diluted weighted average shares outstanding in 1998.
For
|
