Steven Madden, Ltd. (NASDAQ:SHOO) Q2 2024 Earnings Call July 31, 2024 8:30 AM ET

Company Participants

Danielle McCoy - Vice President, Corporate Development and Investor Relations
Ed Rosenfeld - Chairman and Chief Executive Officer
Zine Mazouzi - Chief Financial Officer

Conference Call Participants

Aubrey Tianello - BNP Paribas
Sam Poser - Williams Trading
Tom Nikic - Wedbush Securities
Janine Stichter - BTIG
Paul Lejuez - Citi
Laura Champine - Loop
Corey Tarlowe - Jefferies
Jay Sole - UBS

Operator

Good day and thank you for standing by. Welcome to the Q2 2024 Steven Madden Limited Earnings Conference Call. [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, Vice President of Corporate Development and Investor Relations. Please go ahead.

Danielle McCoy

Thanks, Tanya and good morning everyone. Thank you for joining our second quarter 2024 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; and Zine Mazouzi, Chief Financial Officer. With that, I’ll turn the call over to Ed. Ed?

Ed Rosenfeld

Alright. Well thanks, Danielle, and good morning, everyone, and thank you for joining us to review Steve Madden’s second quarter 2024 earnings. We delivered strong results in the second quarter with revenue increasing 18% and adjusted diluted EPS rising 23% compared to the same period in 2023. This performance was driven by exceptional growth in the accessories and apparel categories and robust gains in international markets and direct-to-consumer channels, demonstrating our team’s ongoing execution of our strategy for long-term growth and value creation. The foundation of that strategy is creating deeper connections with our consumers through the combination of outstanding product and effective marketing, thereby enabling our success with our 4 key business drivers.