Sales increases at Steven Madden in Q3
06/11/2006
Net sales for the third quarter increased 23.2% to $123.2 million from $100.1 million last year. Gross margin increased significantly to 41.4% from 35.2% in the comparable period last year, reflecting margin improvement in both the wholesale and retail divisions. Net income increased to $12.6 million versus $5.5 million in the third quarter of 2005.