Steve Madden Reports Q$ EPS of $0.62 vs. $0.55

Steve Madden SHOO today announced financial results for the fourth quarter and year ended December 31, 2010.

• Fourth quarter net sales increased 15.4% to $161.0 million.
• Wholesale sales increased 17.7% while retail sales rose 10.1%, with comparable store sales up 14.1% for the fourth quarter.
• Operating margin was 17.0% of sales in the fourth quarter of 2010, compared with operating margin of 15.0% in the same period of 2009.
• Fourth quarter net income increased 30.0% to $17.6 million, or $0.62 per diluted share, compared to $13.6 million, or $0.49 per diluted share, in the prior year's fourth quarter.