Steven Madden Ltd. raised its revenue outlook for the year, showing demand for the company’s shoes and accessories continued despite uncertain economic conditions.
The retailer now sees revenue expanding 10% to 12%, up from its previous guidance for 9% to 11%, according to a statement Wednesday. Analysts had projected a roughly 10% jump. The company also introduced adjusted profit guidance in a range of $2.00 to $2.10 per share this year compared with analysts estimates for $2.11 per share.
The fresh outlook comes about three months after the company withheld offering a profit outlook due to changes in President Donald ...
