Steven Madden, Ltd. (NASDAQ:SHOO) Q1 2024 Earnings Call Transcript

Edward Rosenfeld: Well, look, we have been significantly increasing the marketing investment over the last several years. If you go back a handful of years, we were down below 2% of revenue in marketing and you’ve seen that number rise consistently year-after-year and now we’re around 4.5% of revenue. And we’ve indicated we think that will continue to go north. What or whether that entails much bigger splashier marketing campaigns or whether we deploy those dollars differently is something that we’re continually looking at. But we are committed to investing in the brands and investing in enhanced marketing for our brands.

Sam Poser: Thanks very much.

Edward Rosenfeld: Thanks, Sam.

Operator: Thank you. I’m showing no further questions at this time. I’d like to turn it back to Ed Rosenfeld for closing remarks.

Edward Rosenfeld: Great. Well, thanks so much for joining us today. Have a great day, and we look forward to speaking with you on the second quarter call.

Operator: This concludes today’s conference call. Thank you for participating and you may now disconnect.