Steven Madden, Ltd. (NASDAQ:SHOO) Q2 2022 Earnings Conference Call July 27, 2022 8:30 AM ET

CompanyParticipants

Danielle McCoy - Director of Corporate Development & Investor Relations

Ed Rosenfeld - Chairman & Chief Executive Officer

Conference Call Participants

Camilo Lyon - BTIG

Jay Sole - UBS

Samuel Poser - WTCO

Laura Champine - Loop Capital

Susan Anderson - B. Riley Securities

Paul Lejuez - Citi

Tom Nikic - Wedbush

Steve Marotta - C.L. King & Associates

Dana Telsey - Telsey Advisory Group

Samuel Poser - WTCO

Operator

Good day and thank you for standing by. Welcome to the Q2 2022 Steven Madden Limited Earnings Conference Call. [Operator Instructions]

And I would now like to hand the conference over to your speaker today, Ms. Danielle McCoy, VP of Corporate Development and Investor Relations. Ms. McCoy, please go ahead.

Danielle McCoy

Thanks, Chris and good morning, everyone. Thank you for joining our second quarter 2022 earnings call and webcast.

Before we begin, I'd like to remind you that our remarks that follow, including answers to your questions, contain statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks that could cause actual results to materially differ from those expressed or implied by such forward-looking statements. These risks include, among others, matters that we have described in our press release issued earlier today and filings we make with the SEC. We disclaim any obligation to update these forward-looking statements which may not be updated until our next quarterly earnings conference call, if at all.

The financial results discussed on today's call are on an adjusted basis, unless otherwise noted. A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release. Joining me on the call today is Ed Rosenfeld, Chairman and Chief Executive Officer. Unfortunately, Zine Mazouzi, Chief Financial Officer, is under the weather, recovering from COVID and is unable to join.

With that, I'll turn the call over to Ed.

Ed Rosenfeld

Thanks, Danielle and good morning, everyone and thank you for joining us to review Steve Madden's second quarter 2022 results.

We delivered strong results in the second quarter with revenue increasing 35% and diluted EPS increasing 31% compared to the prior year. While macro pressures intensified during the quarter, our team remains laser-focused on executing our strategy, combining outstanding product and effective marketing to create closer connections with our consumers, thereby enabling our four key business drivers. One, driving our direct-to-consumer business, led by digital. Two, expanding in categories outside of footwear like handbags and apparel. Three, growing in international markets. And four, strengthening our core U.S. wholesale footwear business.