- Net sales increased 73.7% to $279.8 million.
- Retail comparable store sales increased 15.9%.
- Net income increased 34.9% to $23.8 million, or $0.55 per diluted share, compared to $17.6 million, or $0.41 per diluted share in the prior year’s fourth quarter, adjusted for a three-for-two stock split issued to shareholders of record on May 20, 2011.
- Net income for fiscal 2011 increased 28.5% to $97.3 million, or $2.25 per diluted share, compared to $75.7 million, or $1.78 per diluted share in fiscal 2010, adjusted for a three-for-two stock split issued to shareholders of record on May 20, 2011.
Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion footwear and accessories for women, men and children, today announced financial results for the fourth quarter and year ended December 31, 2011. For the fourth quarter of fiscal 2011: