Steven Madden, Ltd. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Steven Madden, Ltd. has filed its annual report for the fiscal year ending December 31, 2023.</b>

AI Summary

STEVEN MADDEN, LTD. (SHOO) filed a Annual Report (10-K) with the SEC on March 4, 2024. Steven Madden, Ltd. filed its 2023 Form 10-K on March 4, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is footwear manufacturing. The company is incorporated in Delaware. The filing includes financial data for fiscal years 2023, 2022, and 2021.

Why It Matters

For investors and stakeholders tracking STEVEN MADDEN, LTD., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Steven Madden's financial performance, operational strategies, and risk factors for the 2023 fiscal year, crucial for investors assessing the company's health and future prospects. The detailed financial statements and disclosures within this report are essential for investors and analysts to understand the company's revenue streams, profitability, debt levels, and overall market position within the footwear industry.

Risk Assessment

Risk Level: medium — STEVEN MADDEN, LTD. shows moderate risk based on this filing. The company's financial performance and future outlook are subject to various market and operational risks inherent in the retail and footwear industries, as detailed in the 10-K filing.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to assess Steven Madden's performance and identify potential investment opportunities or concerns.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-03-04 — Filing Date (Date of submission)
• 119 — Public Document Count (Number of documents in the filing)

Key Players & Entities

• STEVEN MADDEN, LTD. (company) — Filer name
• SHOO (company) — Ticker symbol
• 2023-12-31 (date) — Fiscal year end
• 2024-03-04 (date) — Filing date
• DE (jurisdiction) — State of incorporation
• 3140 (sic_code) — Standard Industrial Classification

FAQ

Industry Context

Steven Madden, Ltd. operates within the footwear industry, a sector characterized by fashion trends, consumer spending, and global supply chain dynamics.

Regulatory Implications

As a publicly traded company, Steven Madden, Ltd. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the annual filing of Form 10-K.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and cash flow.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into business performance and outlook.
3. Examine the Risk Factors section to understand potential challenges and threats to the company's operations and financial results.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-03-04: Filing Date — Date Steven Madden, Ltd. submitted its 10-K filing.

Year-Over-Year Comparison

This filing is the annual 10-K report for the fiscal year 2023, providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share SHOO The NASDAQ Global Select
• $1,464,980 — sses generated revenue of approximately $1,464,980 and $506,494, or 73.9% and 25.6% of our
• $506,494 — revenue of approximately $1,464,980 and $506,494, or 73.9% and 25.6% of our total revenu

Filing Documents

• shoo-20231231.htm (10-K) — 2039KB
• shoo-20231231xex1019.htm (EX-10.19) — 32KB
• shoo-20231231xex1020.htm (EX-10.20) — 126KB
• shoo-20231231xex1025.htm (EX-10.25) — 38KB
• shoo-20231231xex1026.htm (EX-10.26) — 38KB
• shoo-20231231xex1027.htm (EX-10.27) — 38KB
• shoo-20231231xex1028.htm (EX-10.28) — 38KB
• shoo-20231231xex1029.htm (EX-10.29) — 12KB
• shoo-20231231xex1035.htm (EX-10.35) — 46KB
• shoo-20231231xex1401.htm (EX-14.01) — 23KB
• shoo-20231231xex1402.htm (EX-14.02) — 25KB
• shoo-20231231xex2101.htm (EX-21.01) — 22KB
• shoo-20231231xex2301.htm (EX-23.01) — 3KB
• shoo-20231231xex3101.htm (EX-31.01) — 10KB
• shoo-20231231xex3102.htm (EX-31.02) — 10KB
• shoo-20231231xex3201.htm (EX-32.01) — 5KB
• shoo-20231231xex3202.htm (EX-32.02) — 5KB
• shoo-20231231xex97.htm (EX-97) — 28KB
• image_01.jpg (GRAPHIC) — 306KB
• image_02.jpg (GRAPHIC) — 306KB
• image_0d.jpg (GRAPHIC) — 306KB
• image_11.jpg (GRAPHIC) — 61KB
• image_12.jpg (GRAPHIC) — 61KB
• image_1c.jpg (GRAPHIC) — 61KB
• image_3.jpg (GRAPHIC) — 22KB
• image_31a.jpg (GRAPHIC) — 22KB
• shoo-20231231_g1.jpg (GRAPHIC) — 371KB
• 0001628280-24-008331.txt (&nbsp;) — 13435KB
• shoo-20231231.xsd (EX-101.SCH) — 61KB
• shoo-20231231_cal.xml (EX-101.CAL) — 114KB
• shoo-20231231_def.xml (EX-101.DEF) — 395KB
• shoo-20231231_lab.xml (EX-101.LAB) — 917KB
• shoo-20231231_pre.xml (EX-101.PRE) — 642KB
• shoo-20231231_htm.xml (XML) — 1514KB

BUSINESS

BUSINESS 3 ITEM 1A

RISK FACTORS

RISK FACTORS 10 ITEM 1B UNRESOLVED STAFF COMMENTS 18 ITEM 1 C CYBERSECURITY 18 ITEM 2

PROPERTIES

PROPERTIES 20 ITEM 3

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 20 ITEM 4 MINE SAFETY DISCLOSURES 20 PART II ITEM 5 MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 21 ITEM 6 [RESERVED] 22 ITEM 7

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 23 ITEM 7A

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 32 ITEM 8

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 34 ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 34 ITEM 9A

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 34 ITEM 9B OTHER INFORMATION 35 ITEM 9C DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 36 PART III ITEM 10 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 36 ITEM 11

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 36 ITEM 12

SECURITY OWNERSHIP AND OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP AND OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 36 ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 36 ITEM 14 PRINCIPAL ACCOUNTANT FEES AND SERVICES 36 PART IV ITEM 15 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 36 ITEM 16 FORM 10-K SUMMARY 39

SIGNATURES

SIGNATURES 40 SAFE HARBOR STATEMENT UNDER THE U.S. PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This Annual Report on Form 10-K contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include, among others, statements regarding revenue and earnings guidance, plans, strategies, objectives, expectations, and intentions. You can identify forward-looking statements by words such as: "may," "will," "expect," "believe," "should," "anticipate," "project," "predict," "plan," "intend," or "estimate," and similar expressions, or the negative of these expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they represent our current beliefs, expectations, and assumptions regarding anticipated events and trends affecting our business, and industry based on information available as of the time such statements are made. We caution investors that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which may be outside of our control. Our actual results and financial condition may differ materially from those indicated in these forward-looking statements. As such, investors should not rely upon them. Important risk factors include: geopolitical tensions in the regions in which we operate and any related challenging macroeconomic conditions globally may materially and adversely affect our customers, vendors, and partners, and the duration and extent to which these factors may impact our future business and operations, results of operations, and financial condition; our ability to navigate shifting macro-economic environments including but not limited to inflation and the potential for recessionary conditions; our ability to accurately anticipate fashion trends and promptly respond to consumer

BUSINESS

ITEM 1. BUSINESS Steven Madden, Ltd. and its subsidiaries design, source, and market fashion-forward branded and private label footwear, accessories, and apparel. We distribute our products in the wholesale channel through department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs throughout the United States, Canada, Mexico, and Europe, and other international markets through our joint ventures in Israel, South Africa, China, Taiwan, Malaysia, and the Middle East along with special distribution arrangements in certain European countries, North Africa, South and Central America, Australia, and various countries in Asia. In addition, our products are distributed through our direct-to-consumer channel within the United States, Canada, Mexico, and Europe, and our joint ventures in Israel, South Africa, China, Taiwan, and the Middle East. Our product lines include a broad range of contemporary styles designed to establish or capitalize on market trends, complemented by core product offerings. We have established a reputation for design creativity and our ability to offer quality, trend-right products at accessible price points, delivered in an efficient manner and time frame. The following is a description of our business as of December 31, 2023. OUR SEGMENTS Wholesale Footwear Our Wholesale Footwear segment designs, sources, and markets our brands and sells our products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs throughout the United States, Canada, Mexico, and Europe, and through our joint ventures and international distributor network. Our products are designed and marketed for various lifestyles and include dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes. The Wholesale Footwear segment primarily consists of the following brands:

View Full Filing

View this 10-K filing on SEC EDGAR