Weak Sales Hurt Skechers 3Q
09.02.12
, Stated that comprehensive net sales for the quarter dropped 25.7% to $412.2 million from the whilom before-year quarter, reflecting lower sales of on a trip priced toning shoes and sluggish performances across other footwear lines. The reported yield also came below the Zacks Consensus Estimate of $465 million.
During the clemency, Skechers maintained its aggressive inventory offloading stance in apt to right-size its inventory. Consequently, total inventories at the end of the chambers under review were $238.4 million, reflecting a decrease of 40.2% from December 31, 2010.
Overall profit plunged 30.7% to $175.2 million, whereas the pre-tax profit margin contracted 310 basis points to 42.5% compared with 45.6% in the year-ago district. The decline reflected sluggish sales coupled with cut average selling price.
Source: Daily Markets
Steven Madden Ltd. Earnings Cheat Sheet: Profits Climb By Double Figures Again
09.02.12
Here’s Why Chipotle’s Ancestor Keeps Winning.
Steven Madden Earnings Mountebank Sheet for the Third Quarter
Results: Net income for Steven Bedevil, Ltd. rose to $31.9 million (74 cents per equity) vs. $22.9 million (54 cents per share) in the same leniency a year earlier. This marks a rise of 39.3% from the year earlier locality.
Revenue: Rose 70.5% to $313.9 million from the year earlier post.
Actual vs. Wall St. Expectations: SHOO beat the plan analyst estimate of 70 cents per share. Analysts were preggers revenue of $307.9 million.
Quoting Management: Edward Rosenfeld, Chairman and Chief Official Officer, commented,”Our third quarter results uncover broad-based strength across our business. In addition to the pregnant sales contributions in the quarter from Topline and Cejon, which we acquired in May 2011, we delivered insincere-digit organic sales growth in each of our wholesale footwear, wholesale accessories and retail segments. Our flagship Steve Excite someone to a frenzy brand was particularly strong, as the on-trend merchandise category created by Steve and his design team drove athletic gains with Steve Madden women’s footwear and handbags in both wholesale and retail. The continual momentum in our core business, combined with the opportunities for cultivation in our new brands, categories and geographies, gives us confidence that we are well-positioned to persist in to deliver strong sales and earnings growth as we move onwards.”
Source: Wall St. Cheat Sheet
