Steven Madden Lifts Revenue Guidance as Consumer Demand Rises

Steven Madden Ltd. raised its revenue outlook for the year, showing demand for the company’s shoes and accessories continued despite uncertain economic conditions.

The retailer now sees revenue expanding 10% to 12%, up from its previous guidance for 9% to 11%, according to a statement Wednesday. Analysts had projected a roughly 10% jump. The company also introduced adjusted profit guidance in a range of $2.00 to $2.10 per share this year compared with analysts estimates for $2.11 per share.

The fresh outlook comes about three months after the company withheld offering a profit outlook due to changes in President Donald ...