Steve Madden posts Q1 net sales growth of 5.6 percent

Net sales at Steve Madden increased 5.6 percent to 410.9 million dollars for the first quarter to March 31, 2019. The company said, gross margin was 38.2 percent compared to 36.2 percent in the same period last year, an increase of 200 basis points, while net income attributable to Steven Madden, Ltd. was 34.5 million dollars or 41 cents per diluted share compared to 28.7 million dollars or 33 cents per diluted share, in the prior year’s first quarter. Adjusted net income was 35.1 million dollars or 42 cents per diluted share compared to 31 million dollars or 36 cents per diluted share, in the prior year’s first quarter.