Steven Madden: Riding The Apparel PMI Rebound And Marketing Momentum
Steven Madden is showing strong growth momentum driven by robust manufacturing PMI data and strategic brand expansion, with the Kurt Geiger acquisition accelerating international growth and comparable store sales up 12% in the US. Enhanced marketing initiatives have driven a 71% year-over-year surge in global online searches, supporting management's raised guidance for 11-13% EPS growth.
Why it matters — SHOO watchers would care because the company's growth momentum, international expansion via Kurt Geiger, and raised EPS guidance signal strengthening brand performance and market position.