Jamieson Karson, Chairman and CEO, stated, "The first quarter of 2006 marked a very strong start to the year and reflect strong momentum in many areas of our business. Steve and the design team once again delivered an exceptional performance, which led to strong demand for our existing brands.”
"In addition to growing our top and bottom lines, we also continue to maintain one of the strongest balance sheets in our industry," commented Arvind Dharia, CFO.
The company now anticipates fiscal 2006 net sales will increase approx. 15 percent to 18 percent over fiscal 2005. With respect to the bottom line, the company currently expects that earnings per diluted share will range between $2.40 and $2.50.
"We are very pleased with our progress thus far in 2006 and will strive to leverage this momentum throughout the year. Our main focus remains on expanding and diversifying our business and making further progress towards becoming a global lifestyle branded company, and we believe this will enable us to enhance shareholder value over the long-term," Karson concluded.
Steven Madden Ltd designs and markets fashion-forward footwear and accessories for women, men and children. The shoes and accessories are sold through company-owned retail stores, department stores, apparel and footwear specialty stores.
marketing@alchempro.com
