SHOO - Earnings call transcript Q1 2022

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Operator

Good day, and thank you for standing by. Welcome to the first quarter Steven Madden, Ltd Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] I would now like to hand the conference to Danielle McCoy, Vice President of Corporate Development and Investor Relations. Please go ahead.

Danielle McCoy

morning, good and Norma, everyone. Thanks, joining Thank call quarter earnings first webcast. you for and XXXX our

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

Ed. are to and Ed? Financial and Zine Officer. Joining Ed Mazouzi, Rosenfeld, the over Chief call Chief the turn With today Chairman Executive call Officer; that, I'll

Ed Rosenfeld

Steven Madden's XXXX Good and joining quarter everyone, to thank first morning, Danielle. review for Thanks, you results. us

have donations $XXX,XXX from Madden war assistance Ukraine crisis are clothing, region. effort as we the Before relief Steven and We the accessories. footwear, I like humanitarian blankets donations provided well heartbreaking Foundation cash in begin, and seeing the the over would as Steven the acknowledge Madden in of I for through to in devastating at

to to stand immediate ways and We the war. calling community an the for help alongside end for global to look will continue

and highest delivering to outstanding results year. to Now prior got We XXX% quarterly QX history in strategy our execution. off moving reflect diluted an XX% year, first and our to our the to strength earnings the compared quarter. the EPS these the on start our of in increased team's increased Overall, first quarter results. the revenue

great with combination and marketing, product is That, with and Madden driving connections We effective relevance, our brands, supporting and our increasing that and are X Vita. product Steve closer with winning Dolce that particularly for in largest brand second, apparel. turn, revenue is digital. our our each with enabling success of by in like expanding handbags footwear and driving quarter; XX% outside key of business grew business DTC First, led X categories over the drivers: in consumers direct-to-consumer

branded handbag XXX% business QX; more revenue Our than and up in XX% increased than in international markets. was growing apparel third, our more

over business. also in core over the in Our business international QX. XX% revenue XX% quarter; That wholesale fourth, or strengthening increased U.S. footwear our and grew

the on us growth across and are are continued results strategic executing our enable continue the top board, will So focus going and we our bottom confident these we initiatives key on drive forward. seeing line initiatives to and to that

our performance in segment So QX. turning to by

apparel, which year, the had the to XX% In prior momentum continued XX% direct-to-consumer segment, Mexico driven primarily to by Europe. in to brand's compared outstanding, majority as majority well Kids prior year-ago strong Brick-and-mortar and compared than handbags, Steve Overall, quarter doubled segment, consumer Steve DTC XX% strong of increased Girl. our to than which year. and XX% Madden over Steve the to compared the triple-digit year-over-year. is Our Madden Vita period. Madden the this up versus increased demand more Wholesale across Footwear revenue we prior to In and and Canada more strong was Madden Dolce increased increases brand and revenue are as growth year compared revenue the in Steve strong for segment across drove of to Wholesale that Accessories product XX% revenue prior segment another was continues period. Men's in Women's, BB the gains revenue we brands also XX% seeing account And as last XXX% Growth of up e-com year last The Madden for gains E-commerce in and the with to accelerate. year. our increased year. categories in revenue with revenue and increased geographies. percentage robust channels, and international our markets, our Apparel growth performance Dakota

paying that for growth are well positioned initiatives come. confident to strategic we dividends, we years to sustainable are are and Our deliver

financial I an now quarter will to review for first to provide XXXX. detail more results our Zine and turn So it update our in to outlook over

Zine Mazouzi

Thanks, good morning, Ed, and everyone.

XXXX revenue Our the first million, $XXX.X a to a and consolidated increase increase in quarter XX.X% was XX% XXXX. compared versus

XXXX, increase business Dolce a XXXX. XX% versus XXX% XX.X% handbag markets. compared compared strong up some XX% significant $XXX.X primarily performance The compared year, was XX.X% to as Madden We from and segment, and as revenue Johnson wholesale in last as reflecting from to XX% triple benefited in million, some up year. Madden increase XX.X% XX.X% XXXX. Wholesale up These Accessories digital year to in our well to from grew Betsey in results prior growing accelerations increased with XXXX. as a million, XXXX, the was compared Steve XX% compared comp XXXX, quarter a to primarily by the compared XX.X% to performance on our XXXX. QX revenue forward also $XXX deliveries. digits Our a to XXXX also revenue were to up a Madden, customers E-commerce direct-to-consumer revenue increase or handbag, the revenue pull last strength, revenue and of saw in shipments Betsey $XXX.X and a Steve XXX million, load well international which Apparel company-operated to apparel XX.X% results XXXX QX. of last to in strong compared XX $XXX.X to was In due and quarter were to and increased revenue store driven ended websites XX% These strong and XX.X% on elected stores, Comparing Vita Johnson. part wholesale Wholesale front was XX% Vita XX e-commerce X by as to XX.X% last was year orders Brick-and-mortar million, including to retail outlets basis. or driven increase XXXX revenue concessions businesses. year and and footwear Dolce comp brick-and-mortar brick-and-mortar a brand, XX.X% compared basis. up a a from Steve and flagship

Turning to First our Cost Licensing and segments.

and XXXX. $X.X license in the royalty and quarter year million Our in compared income to last $X.X was million $X.X million

compared the expenses to an million improvement footwear. compared income quarter, point wholesale points XX.X% $X.X margin prior were was to and expanding quarter driven to First year, year basis in was compared Cost in year, in Direct-to-consumer million pressure. million the gross XX.X% by year, last XXX margin last basis in year. was increase $XXX.X by $XXX.X $X.X quarter million and to the XX.X%, $X.X in from commission Consolidated gross freight compared XXXX. Operating wholesale million gross the last a driven last XXX primarily was margin XX.X%

$XX.X year, year, operating quarter the or our million expense for increased revenue leverage continued million revenue in XX.X% revenue, XXXX. the XX.X% from XX.X% X.X% income in last $XX.X million or $XX.X of revenue or totaled of up and As of of reflecting Operating in on expense a management. and the revenue, were quarter discipline around XX.X% percentage expenses the last compared to

effective Our was the compared tax in rate XX.X% for to quarter XX.X% XXXX.

for $XX.X Limited per share, quarter to Finally, share was up $XX.X diluted or Madden $X.XX $X.XX per net diluted income and XXXX in or per attributable in $X.XX XXXX. $XX.X share million million million the Steve or from diluted

sheet. Moving balance to the

Our very strong. foundation financial remains

Inventory earlier short-term the our As million we ability continues no of longer than million we XXXX, times. compared to due totaled content historical our inventory supply and meet cash transit be and $XXX.X the and comfortable Inventory and to equivalents March last disruption the of had due $XXX.X levels chain production windows. orders year. cash, need to million customer-ship our and amount XX, to higher with to investments lead to our of But remain debt. $XXX.X place

million. in CapEx quarter $X.X Our was the

the we on a payable quarterly approved $XX.X close includes of employee shares million through company's of of the of stock, business dividend record net on Board XXXX. stockholders repurchased which the common as per During XXXX, Directors settlement will company's cash XX, of acquired share. be the stock of dividend XX, quarter, June to $X.XX of awards. The The June

EPS to outlook. XX% $X.XX to XXXX, we the to start in earnings our to range increase guidance. to the We on raising our to to share Turning expect revenue the are we and diluted strong $X. compared and now expect revenue Based per XX% of be year,

over call questions. I'd the Now the like to operator turn for to Norma?

Operator

Citi. first Our question Paul Instructions] [Operator comes Lejuez with from

Brendon Shea

on Shea you are was This little And expecting front? on I I'm events? recent is a for you could changes world you recent near-term seen supply Have chain bit what supply Brendon any developments. the about talk chain wondering Paul. from if

Ed Rosenfeld

have we're bit I change to quite really experiencing seen supply We freight still the extended not Yes. any experiencing anything, transit chain. material think of and the the If change on were a year. a freight. forecast times, pressure least times lead We're still incrementally impact overall, as of now. gotten call, has we No of the material last time terms worse our on the since at pressure for no. little But in to the

Brendon Shea

think Appreciate second -- about and helpful sounds you deliveries. little pulled like Was from maybe quarter? for it it that. the wholesale talk the can you pulled that And some bit a XQ forward

Ed Rosenfeld

definitely pattern what change was There a the we QX deliveries of compared in -- Yes. versus timing to historically. QX

strong. see XX% will growth in We're QX by little last year. the QX revenue still be a bit, versus although So you decelerate it wholesale up wholesale in will

QX, you more thinking should high think I for XXs. around be

Brendon Shea

for And you for Can And cost side one talk super product? expectations half? on That's are on half price you about for seeing second the and me. the what the second helpful. last one increases

Ed Rosenfeld

some on of based of FOB labor on and freight. course, our factoring Sure. continue pressure both see that bit pressure there's a costs also quite what's on based going Yes, see costs, There's And what's meaning pressure with continue from we on on to then, materials. to costs. we meaning

the pay. increases. products, when by is products And part, of have prices. call be but those may anything seeing prices. news the we've back products, feel that are the what -- So willing not Particularly been have bit customer raising the resistant, we more type we little last the we're to about acceptance for there a seeing pushing good year If the we very LY are we're customers newness, on good customers' price most new,

So pressures most with increases. for the price the part, offsetting those we're

Operator

comes UBS. Sole question from next Jay with And

Jay Sole

guidance the Maybe that full year. QX. given adjusting guidance $X.XX the do my question by for the think is just you in on the you beat How about consensus

of QX midpoint you environment You're raising the guide that is something of of sort Or treat in is everything it. you're your it about was Was that year a previously? as be there undermodeled about but for than little thought by of think the plan strong back makes you half the and it? the year. $X.XX it QX, you sort the just the full won't of -- as think How better sort this do for seeing bit

Ed Rosenfeld

how Yes. aligned -- QX. It's aligned Street good at with not were -- We was looking we question. or we're definitely a not the

was forecast QX. consensus our of ahead internal So for about $X.XX

at how that the $X.XX in talked internal you the forecast. versus I Street about, it of for About beat. half think, just So looking difference a was accounted our

our did a And $X.XX. increase we part we're come as of was so raising that our forward or you forecast the in another from forecast. in little of internal internal So year said, $X.XX Keep bit pull to of mind, ahead full beat or obviously QX.

months what what and into we've not year. that done X the of we back roll essentially, taken is QX and beat change the So forward

Jay Sole

Got just and social of if it. had you with on And business. ask like media talk on Can the of I helped just in then the growth to had marketing. there but some talk year. as rest quarter, maybe in lot seems amplify which forward go of maybe like it was that great see we you And about just the strong the could what trend execution another you right. the All product, that question successes QX a the the into you expect about maybe not quarter. right

Ed Rosenfeld

great it the job goes product I Look, how products and of starts for resonating the that like consumers. a Vita, the done it of about very for our I team it Yes. executing. are goes smaller Betsey And has team Madden, Dolce is brands creating Johnson, for with some us, feel Steve with that good -- for think always goes trend-right

we effective But part our over front only -- that seeing also our as strategy businesses. Madden, also and smaller all particularly drive that's do, our but not where rapidly. in in where an Vita. think work been support we've owned And Dolce the important years, with last is starts. in Steve think that the and owned that's growing e-commerce I you're to and e-commerce of it -- point is a but for that, you to so area we I an results And that's raising in great marketing. I out, the digital And brand particular, of product marketing operated think game operated tremendous instance, Again, Johnson's few Betsey success, the

continue lean that and the those execution about into we're to to going good we So on feel initiatives. front,

Operator

Nikic with from Our next question Wedbush. comes Tom

Tom Nikic

to about ask margin. the wanted I gross

in despite you from when freight pretty being really margin are are a able had that there gross freight? gross really, You out wholesale brands of strong How seeing to most do other the margin a pressures costs lot elevated. increase

Ed Rosenfeld

saw a Wholesale the see nice was business, by was Footwear We it was wholesale -- really some broad-based. really to it nice particularly Yes. in driven improvement, the and

business. were label shift the margin. a business the we much We also we that's obviously up and mix So because than private grew branded business, branded stronger higher up but the the benefit did in private from business, label in were

have pricing So very pushed that some sell-throughs increase. our contributed we've and good. But been definitely look, through increases,

of very limited allowances, amount of limited activity, markdown amount promotional limited very closeouts. So

So good obviously margin of for that's us. selling. driver gross price And biggest full the

Tom Nikic

the revenue All I like said Should I split. about similar think this XX-XX should you you XXXX, this modeling question. quick something XH split that QX, had year? be And think that right. reported year a split still to just XH-XH believe being in when we XH what you the a versus

Ed Rosenfeld

in No, at this QX. by overachieved because point we or $X.XX so

least that think to modeling now than going it front-half at you're more is we're weighted will see that it I the way be XXXX.

Operator

Champine Loop with Our Capital. next Laura comes from question

Laura Champine

quarter. just on So you that. this top see a half, be the reason slowdown your you to that. back comp in Wholesale grow would plus might next follow-up And especially toughest Footwear lap that What able sequential be of I would you the mentioned you if XX% a on think

the would drive big back a in what So half. slowdown

Ed Rosenfeld

than comparisons first of guess in is, a half are things half. the there's first say I Well, in couple I'd the back of all, tougher dramatically our

all So have -- that's customers level some I our of wholesale basically taking back from the have headwinds. approach But is our number there we back half heard somewhat cautious one. think macro some just or the overall. a big on also of macro to headwinds caution all given -- they're of we potential half that the And that

going into we're business, And that we wholesale driving lot cautious know, with in a quite like. heading we've visibility about we year. blowout that to be point, have to pretty look are QX. we sense of last And And modeling we this to is lot don't us the think for our know be back the how performing that of been year. folks I but what instance, a they'll But have sell-throughs QX at our that QX, a less we cautious for well certainly, in we because had them. And of good are last down and a QX half.

Operator

question Our Lyon from next with comes Camilo BTIG.

Camilo Lyon

on well given more the that Is help in-season it -- to market issues of typically into of kind the the Kind is very pulling visibility as of everyone a year. your to said of production that about back us this lot half working the -- orders. the that year. to following of geared to demand more we you appreciate are that and supply your understand and can limiting been how forward So and get you've share. been chain here. meet think and fulfill you've to QX think garner out I in-season -- on And more the ability that of you job space do? you Great Can unfolds lower thought the experiencing been of ability differently, the train how has cadence comments shelf that's the

is a that demand does year, not and cautious there of the continues pattern and unfolds the back ordering if for robust. So to half change be

that have ability demand. meet to We an

Ed Rosenfeld

given have an any But look, that that. when do ability supply the that Well, still lead work pandemic. to goods we don't the to think we we capability prior not the Yes. to shorter it's chain we have don't I disruption, in the have And I in ability we same closest chase season and say to season. times advantage that against ability do. our we to competitors won't had same speed in our our certainly, market had in normally

challenge. create get a with Again, we what in regard the that. in that And do doing does seeing more But lot we of Mexico, particular, a that fall, here of do which So in help season. of we're is upfront. orders out to you're part need to chasing fortunately, does

Camilo Lyon

And last percentage and talked is, your that to year, so increase Mexico both switching you I XX% Brazil. there to Madden to of the intent think follow-up production an to countries? those then that Is about of

Ed Rosenfeld

China to countries long-term to more There's like of out continue move production goal and and definitely a into Mexico. Brazil

get us level past year. see to going not You're that this

Camilo Lyon

Okay.

many you to facilities you've you Got seeing I Have And Okay. talked are manufacturing already Chinese sort -- today. COVID your any -- addressed of it. about so impact shutdowns? then this the apologize issues or if from

Ed Rosenfeld

have material any impact. seen So not far, we

Camilo Lyon

on great congrats and luck execution. Good the

Operator

from question Retail The Tracker. Shapiro next Our with Marni comes

Marni Shapiro

hear Marni. is This Can guys you me?

Ed Rosenfeld

can. we Yes.

Marni Shapiro

Congratulations.

it? I you you good business people about about response getting talk could label launch? early, there? marketing Could Your then questions. Are And core it's been talk out a about couple bit the it very REBOOTED? has so but how little to have a seen it? very And are private a strong. your quick So you know little learning also you business? of Is bit

products key Your in are the of positions department stores. prime all in

private again, you of increased from things are people do other label, interest that? seeing to retailers So their like

Ed Rosenfeld

Sure. Yes.

Okay.

So for that's Madden. folks call, Steve the our about first the resale on just on was one marketplace REBOOTED. And the

Dolce a also yes, exciting. it's I off there. And start good re:vita. we're X think Vita, mean I have to on We called

our help and their the to to customers or do fashion -- our the important term where long is that think the efforts want landfill right think first extend I first if towards of responding it's an it's our and really we to to folks products needs life. And I step here which environmental planet circularity, move impact. obviously help our out lessen to are industry by to keep

think good I So it. about that feel we

-- customers I think to it's think I -- employees, important the too. like our are

it's Do we important this week. want drive every there we're So that's driver I another here here. leaving building. -- that But near-term? more No. revenue getting going is to it. I up in And feel fact to in factor the placed It's about products a good be big think and the continue to we're think

You the asked about marketing.

a our that forward. new that But I of market core we of taken the accounts. accounts it label we terms early And -- aggressively part fairly it? label we marketed we've about say is success, then additional will private have given look think strategy. at private think a more in I private couple adding yes, to Sent it? label, haven't posted we are I But wouldn't But meaningfully about looking it of Yes. a going really yet. e-mails Sure.

the think about to is that label going of vast a our merchants. then adding driving selective to makes business, If private with we're on revenue accounts mass look focus at we continue done couple the private where sense. still it big business other you and be of majority label And

Marni Shapiro

clients? Do does What Can that back? do REBOOTED. makes you that one I sense. just like? quick your That it ownership you does you the What do look like? take of follow-up buy back do on from transaction look merchandise Like

Ed Rosenfeld

No.

Marni Shapiro

Okay, you don't.

Ed Rosenfeld

do No. not. We

Marni Shapiro

flop, you something, somebody you secure somebody when who a vet sell the Or Madden say, have it? host it for sells know I and to does I it's And big that platform that safe through Steve buying flip them you. I for do want post people so How shoe you? the a are so then

Ed Rosenfeld

they're to back Hosting that. on managing the team to how I'd our get platform, had I talk to to have about you that.

Marni Shapiro

luck for of summer Best outstanding. the looks assortment season. The

Operator

with Our Trading. question Sam Poser Williams from next comes

Sam Poser

I've you quite Ed, didn't the first that in got mentioned a numbers match quarter. few. the consensus yours

make least for I'm to at match So could yours going going a we yours ask sure close so little help, to get or forward. we

the does margin low-double-digits, all, number growth high-single-digits on can with at of we to all first you we would to And can be idea to double-digit What be in in at? called and flat give the call, So up look us should out you prior growth. you? looking like SG&A. us increase DTC looking mid- total, wholesale that flat gross so QX What to some of be some kind e-commerce sort again now? help aligned we're of just get out of that

Ed Rosenfeld

Sure.

the of terms in segment. So growth revenue by annual

we've Wholesale, expectations you DTC the up Wholesale for both taken to compared last that and quoted our numbers time. So

of would 'XX. midpoint, did SG&A say still the then I more at looking let's end And the say, Wholesale looking now at getting versus our margins singles mid- you at, well? at high guidance. about to XX% as ask So to Gross And high DTC flat. maybe high-teens we're

Sam Poser

Yes.

Ed Rosenfeld

the a XX as of end were then at help sort on revenue, revenue I now high flat percentage terms QX, you DTC, or obviously, modest And we're of maybe gave the growth, SG&A to higher bps of before, something XXs. at comparisons maybe flat tough guidance. very leverage, of already we there. Wholesale in very

and the pop business. we ago in the stimulus a against big of up saw from Going that impact that year

we'd So 'XX to for flat QX. to versus be happy get DTC, in

Sam Poser

XX. it say, like on of that think look now? and within issues? and talked you with And the with, Got the orders were in get that What having said What you -- water, there out are factories What the about stuff component increases. you you China I before once of you. price the -- to and And factories production, then of does timing every XX materials normal like other issues other are also days kind at all you flow your let's just good. is that then having are all China

outset does product the making is Is of lockdown how the any look worse a all making of of through of -- transportation. that So this Or it that from this better? sort is now? part getting

Ed Rosenfeld

Yes.

still the I'll asked that's and transit like So take we're that is Yes, you transit what first. times. days XX-day XX on experiencing, basis. about actually up from more normalized a

So still time us the than amount of product. double that it's to the get more taking

factory factory policy going material so carefully In have a there? in always had haven't forward. there with And but here issues have China, there forward. but zero-Covid any terms we delays, of issues watch been obviously it's we'll going something of far, some to obviously, in terms impact or some really there that there's Yes, the is delays risk

Operator

Telsey with Group. Dana Advisory question from comes Telsey next Our

Dana Telsey

great on performance. Congratulation the

[Indiscernible] can the things, are is on category categories [Indiscernible] international how GSP? talk did magnitude price of the there? the about going you category see update of increases, forward. in outlook couple in any The and it a perform, does and What Just increases. different looking saw And what you forward what you did by performance? at there you price going And

Ed Rosenfeld

right. All Okay.

category was about I one first the So within assume footwear. you're talking performance.

Dana Telsey

Exactly.

Ed Rosenfeld

Yes.

really goes I -- really lot trend, and working, that across YXK with 'XXs category. what's So of of terms thematically, if think try seeing and a in we're it at this to success there's you look

block So with bottom that success fits with heels we're all loafers this and YXK platforms seeing sneakers with trend. big really and stuff with into the and and 'XXs

vary the you question magnitude also think was the -- on to, increases. points. price as the category and the -- the alluded price it really distribution does And about price of second of I depending the

next on sticking So Steve international. instance. range of And branded, excited then private and Overall, star -- you we're about being outside strong The X% has there, about XX% still international of momentum. Europe, just for to take course, continue sort shining label, think been was has over But last our various I momentum very that to higher Madden with obviously. this about have is the Zine, should we're versus region XXXX. that. what every that business obviously, U.S. towards seeing products, end we less one the in than Really the very XX% year again and And our strong one. be up of the

Zine Mazouzi

GSP, bill time that of spoke update negotiators split representatives work evenly that the on XXXX. Republicans. house on and them since competition innovation the consist versions these only Dana, the Sure. is will conference the the and XX announced reconciling the last leadership the on April of we senators, will conference the And with committee, are XX and XX X, of was Democrats incentive XX

they're about expected come week be work to science, parties, their America work, So talking back the is And state to they'll on subcommittees to they when commerce, assigned from state the that top Act. the based leaders this back priority. affairs, which be foreign on USICA energy, work [Indiscernible] from tariffs. this and that COMPETES the from both we That's and hope

committed we haven't it seen it seems like a but So -- looking well, looked as time. positive, they're and movement, of lot this before it's positive we're but

XX Just a forecast an on margin. is year. last of over reminder, our just about XXXX, the same impact basis built into about that annual there's as is roughly. Over it's still gross points not impact But the XXXX, much

Operator

question comes with next Our Anderson from Riley. B. Susan

Susan Anderson

quarter. still on about the could mess lean. has promotions. talk the the wondering was pretty just Great if Obviously, been maybe job you I

last layered about those year? was then versus if thinking how the you're levels of And anything on it lean curious Just back rest year? for the

Ed Rosenfeld

Yes.

very activity. We promotional controlled right. So have in did QX, you're

market As saw year. in do to very than in we low it out recognized the that out, an saw think market activity we levels more overall, and year uptick It's the last promotional all back But look pre-pandemic. seen certainly was I we last some have not we see we the we there.

lot So of bit to anticipate will little our than and just it was We for promotional do brands a our the we've a little think but activity, forecast, into built our we our consumer in bit be it having a resort XXXX. products. for of higher don't given to demand that

Susan Anderson

on that Great. kind Maybe the strong you're guess just thinking just fashionable And about and if some longer about it could to more give then now I were maybe in and looks the was apparel where quarter. term? thinking of like it that some you're that apparel COVID front, on everything. you and how pretty color business we're returning past

Ed Rosenfeld

excited Yes. opportunity the in have about we We're apparel.

to talked versus last And label. that Steve to also I the are business fall about be we we that XXXX. year, expect think this time just close going this Madden how year of XX% discussed I for up to

we're optimistic some see change we're addresses to -- the label, and we've line and good to well be the Dakota as you consumer the for doing been we're for to Steve nice brand we've BB category to us, to just Madden. and also to very Madden sell-throughs lengths this that And response going co-branded with there. Steve particularly spring, So operating going fall, know, Continue strong gotten very with about many business. maxi

very range on lot of prints line doing of got well. we very the the Our are that's some color doing silhouettes, well across a color,

So there. we're just about opportunity excited the

Operator

Rosenfeld time. questions this Ed at I'd further hand comments. And Mr. in the to I'm no call currently, closing to the back showing like queue for

Ed Rosenfeld

great Have everybody. Great. us, Well, with speaking thanks so much you joining on the for a to look next day. forward call. We

Operator

in you conference. Ladies thank your for and participation today's gentlemen,

have Everyone, wonderful disconnect. may a day. You now

Steven Madden (SHOO) 27 Apr 222022 Q1 Earnings call transcript