LONG ISLAND CITY, N.Y.—Steven Madden Ltd., a footwear and accessories retailer, reaffirmed its adjusted fiscal full-year earnings forecast Thursday at a level above analysts' estimates.
The company still expects net income between $1.55 and $1.65 per share, which excludes a charge related to the resignation of former Chief Executive Jamieson Karson.
Revenue is anticipated to be flat to up 2 percent from 2007 sales of $475.2 million, which would put sales in a range of approximately $475.2 million to $482.5 million.
Analysts polled by Thomson Financial predict a full-year profit of $1.51 per share on revenue of $430.6 million. Estimates typically exclude one-time items.
The company announced Karson's resignation last month and named Edward Rosenfeld, executive vice president of strategic planning and finance, as interim CEO.
Karson had also served as chairman and was succeeded in that role by independent director Walter Yetnikoff.
