Steven Madden, Ltd. (SHOO) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the Steve Madden Earnings Conference for 2023. I will now turn the call over to Danielle McCoy. Thanks Savannah and good morning everyone. Thank you for joining our second quarter 2023 earnings call and webcast. Before we begin, I'd like to remind you that our remarks that follow, including answers to your questions, contain statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risk that could cause actual results to materially differ from those expressed or implied by such forward-looking statements. These risks include, among others, matters that we have described in our press release issued earlier today and filings we make with the SEC. We disclaim any obligation to update these forward-looking statements, which may not be updated until our next quarterly earnings conference call, if at all. The financial results discussed on today's call are on an adjusted basis unless otherwise noted. A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release. Joining me on the call today is Ed Rosenfeld, Chairman and Chief Executive Officer, and Zine Mazzuzzi, Chief Financial Officer. With that, I'll turn the call over to Ed. Ed? Well, thanks, Danielle, and good morning, everyone, and thank you for joining us to review Steve Madden's second quarter 2023 results. As expected, we face a challenging operating environment in the second quarter. In light of the difficult market conditions, in particular the cautious approach to orders by many of our wholesale customers in the United States, we were pleased to deliver earnings results in line w...