• Q3 net income up 28.5% to US$22.9m
  • Q3 sales up 31.4% to $184.1m
  • New brands helping to drive growth

Footwear and accessories company Steve Madden posted a 28.5% increase in third quarter net profit, boosted by a surge in sales from newer brands.

“Our results for the third quarter of 2010 were driven by the ongoing strength of our core business, continued momentum in our international segment and meaningful contributions from a number of our newer brands including Big Buddha and Madden,” said Edward Rosenfeld, chairman and CEO.

“In addition, our recently acquired Betsey Johnson brand offers tremendous growth potential and is a great complement to our current brand portfolio.”