steven madden ltd (SHOO:NASDAQ GS)
steven madden ltd (SHOO) Key Developments
Steven Madden, Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported net sales of $278,916,000 against $265,970,000 a year ago. Income from operations was $36,439,000 against $35,359,000 a year ago. Income before provision for income taxes was $37,352,000 against $35,829,000 a year ago. Net income attributable to company was $23,400,000 or $0.52 per diluted share against $21,868,000 or $0.50 per diluted share a year ago. Net cash provided by operating activities was $26,350,000 against $13,725,000 a year ago. Capital expenditures were $4,226,000 against $3,270,000 a year ago. Same store sales increased 3.0% following an 11.9% increase in the prior year's first quarter. The company reaffirmed earnings guidance for the fiscal year 2013. For the year, the company continues to expect net sales to increase 6% to 8% compared to fiscal 2012. Diluted EPS is expected to be in the range of $2.95 to $3.05. In second quarreler, the company expects top and bottom line growth to be similar to slightly better than first quarter.
Steven Madden, Ltd., Q1 2013 Earnings Call, May 07, 2013
Steven Madden, Ltd. Presents at 33rd Annual Piper Jaffray Consumer Conference, Jun-12-2013 02:00 PM. Venue: The New York Palace, 455 Madison Avenue, New York, NY 1002, United States. Speakers: Edward R. Rosenfeld, Chairman and Chief Executive Officer.
Steven Madden, Ltd. proposed to approve an amendment to the company’s certificate of incorporation to increase the total number of authorized shares of the company’s common stock, $0.0001 par value, from 60,000,000 shares to 135,000,000 shares at the annual general meeting to be held on May 24, 2013.
Steven Madden, Ltd., Annual General Meeting, May 24, 2013., at 10:00 Eastern Daylight. Location: Company’s Showroom. Agenda: To approve the amendments to the company’s certificate of incorporation to increase the total number of authorized shares of the company’s common stock, $0.0001 par value, from 60,000,000 shares to 135,000,000 shares; to ratify the appointment of Eisneramper LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2013; and to approve, by non-binding advisory vote, the executive compensation described in the steven madden, ltd proxy statement.

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Industry Analysis
SHOO
Industry Average
| Valuation | SHOO | Industry Range |
| Price/Earnings | 17.5x |
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| Price/Sales | 1.7x |
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| Price/Book | 3.4x |
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| Price/Cash Flow | 18.2x |
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| TEV/Sales | 1.6x |
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