Overview
- Steve Madden, which reported results Wednesday, posted revenue of $653.1 million up 18% and adjusted EPS of $0.45 that topped forecasts.
- Management raised 2026 revenue growth to 10% to 12% and issued its first full-year EPS outlook at $2.55 to $2.65 with adjusted EPS at $2.00 to $2.10.
- Direct-to-consumer sales jumped 83.8% to $206.0 million as Kurt Geiger lifted mix and margins across the business.
- Wholesale revenue rose 1% to $443.6 million but fell 8.2% excluding Kurt Geiger, with wholesale footwear down 12% on the same basis.
- Executives flagged near-term pressure from a planned 15% tariff assumption starting in August 2026 and Middle East disruptions that cut Gulf sales by roughly 40% and add shipping surcharges.