Jul. 31 at 4:19 PM
$SHOO drops 9.3% post-Q2 earnings miss 📉
Earnings of 20 cents/share missed the Zacks Consensus Estimate of 24 cents, with wholesale revenues down 6.4% YoY due to new tariffs. Despite this, direct-to-consumer revenues surged 43.3%; however, excluding Kurt Geiger's integration, they declined 3%.
Full breakdown here 👉 https://www.zacks.com/stock/news/2644952/shoo-q2-earnings-lag-estimates-wholesale-revenues-decline-yy?cid=sm-stocktwits-2-2644952-body-5133&ADID=SYND_STOCKTWITS_TWEET_2_2644952_BODY_5133