-=Steven Madden (SHOO) reported earnings on Tue 30 Oct 2018 (b/o)

Steven Madden beats by $0.03, misses on revs, comps +5.5%; guides FY18 EPS to high end of previous range, guides FY18 revs in-line, increases dividend 5%

Reports Q3 (Sep) earnings of $0.65 per share, excluding non-recurring items, $0.03 better thanthe S&P Capital IQ Consensus of $0.62; revenues rose 3.9% year/year to $458.48 mln vs the $472.8 mln S&P Capital IQ Consensus.

• Same store sales increased +5.5% in the quarter, including a solid gain in bricks and mortar locations and a strong increase in its e-commerce business.
• Co issues guidancefor FY18, sees EPS of $1.76-1.78, excluding non-recurring items, vs. $1.80 S&P Capital IQ Consensus but at high end of prior guidance of $1.73-1.78; sees FY18 revs of $1.64-1.65 bln vs. $1.65 bln S&P Capital IQ Consensus.
• Co increases quarterly dividend by 5% to $0.14 per share.