Business Model and Competitive Positioning SHOO's revenue has grown at a CAGR of 4%, with relatively consistent growth until Covid-19, with subsequent gains being slightly more erratic based on pandemic-related disruption. Presented above is Steven Madden's financial performance for the last decade. SHOO's share price has underperformed in the last decade, as the business has struggled to generate significant financial progression while facing increased competition. The company has achieved remarkable success in the footwear industry by consistently delivering fashionable and affordable shoes to a diverse consumer base. Steven Madden ( NASDAQ: SHOO) is a prominent fashion footwear brand known for its trendy designs, high-quality products, and strong brand presence. SHOO is trading at an attractive discount to its historical average trading multiple but we believe patience is warranted, as near-term weaknesses unwind.SHOO has good margins, decent growth, and a resilient supply chain supporting its financials.SHOO is an attractively positioned business, exploiting trendy designs to provide affordable products to the masses (who are increasingly influenced by a homogenized view of fashion).Liudmila Chernetska/iStock via Getty Images Investment thesis
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