Steve Madden reports fall in Q3 net sales

REPORT_ Steve Madden in financial results for the third quarter ended September 30, 2014 said that company’s net sales were 392 million dollars compared to 394.8 million dollars in the same period of 2013. Gross margin was 34.7 percent compared to 35.4 percent in the same period last year.

Operating expenses as a percentage of sales were 20.9 percent compared to 19.4 percent of sales in the same period of 2013. Operating income totaled 59.3 million dollars, or 15.1 percent of net sales, compared with operating income of 68.1 million dollars, or 17.2 percent of net sales, in the same period of 2013.