Steven Madden, Ltd. (NASDAQ:SHOO) Q4 2023 Earnings Conference Call February 28, 2024 8:30 AM ET

Company Participants

Danielle McCoy - Vice President of Corporate Development and Investor Relations

Edward Rosenfeld - Chairman and Chief Executive Officer

Zine Mazouzi - Chief Financial Officer

Conference Call Participants

Paul Lejuez - Citi

Aubrey Tianello - BNP Paribas

Laura Champine - Loop

Samuel Poser - Williams Trading

Jay Sole - UBS

Abbie Zvejnieks - Piper Sandler

Tom Nikic - Wedbush

Corey Tarlowe - Jefferies

Dana Telsey - Telsey Advisory Group

Operator

Good day and thank you for standing by. Welcome to the Steven Madden Fourth Quarter and Full Year 2023 Results Conference Call. At this time, all participants will be in a listen-only mode. [Operator Instructions]. Please be advised that today's conference is being recorded.

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

Danielle McCoy

Thanks, Abigail, and good morning, everyone. Thank you for joining our fourth quarter and full year 2023 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 into 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 today on the call is Ed Rosenfeld, Chairman and Chief Executive Officer; and Zine Mazouzi, Chief Financial Officer.

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

Edward Rosenfeld

Thanks Danielle and good morning, everyone. And thank you for joining us to review Steven Madden's fourth quarter and full year 2023 results. We are pleased to have finished the year on a high note, delivering fourth quarter results that exceeded expectations on both the top and bottom lines. After a tough start to 2023, we saw sequential improvement each quarter throughout the year in both revenue and earnings when compared to the prior year, culminating in the fourth quarter when revenue grew 10% and diluted EPS rose 39% versus the comparable period in 2022.