=Steven Madden (SHOO) reported earnings on Tue 1 Nov 2016 (b/o)

Steven Madden beats by $0.04, reports revs in-line; reaffirms FY16 EPS guidance, revs guidance  :

• Reports Q3 (Sep) earnings of $0.74 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.70; revenues fell 1.2% year/year to $408.4 mln vs the $404.58 mln Capital IQ Consensus.
• Co reaffirms guidance for FY16, sees EPS of $1.93-2.03 vs. $1.99 Capital IQ Consensus Estimate; sees FY16 revs of +0-1% to ~$1.40-1.414 bln vs. $1.41 bln Capital IQ Consensus Estimate.
• Gross margin expanded 180 basis points to 37.8% as compared to 36.0% in the same period last year.