Steven Madden Earnings Call Transcripts
Fiscal Year 2026
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The meeting covered board elections, auditor ratification, and executive compensation approval. Despite tariff challenges in 2025, brand momentum and the Kurt Geiger acquisition drove growth, with strategic focus on brand strength and agility for 2026.
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Revenue grew 18% to $653.1M, driven by strong brand performance and the Kurt Geiger acquisition, though organic revenue declined. Gross margin improved 540 bps, and 2026 guidance was raised to 10%-12% revenue growth and $2.00-$2.10 EPS.
Fiscal Year 2025
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Q4 and full-year 2025 saw strong branded growth and a major boost from the Kurt Geiger acquisition, offsetting tariff-driven declines in private label. 2026 revenue is forecast to rise 9%-11%, but earnings guidance is withheld due to tariff uncertainty.
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Q3 2025 saw revenue growth driven by the Kurt Geiger acquisition, but core business declined due to tariffs and supply chain disruptions. Gross margin improved from higher DTC mix, and Q4 guidance anticipates strong revenue growth, with continued margin pressure from tariffs.
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Q2 2025 saw revenue growth from the Kurt Geiger acquisition but organic declines due to tariff-related disruptions, order cancellations, and margin pressure. DTC e-commerce outperformed stores, and boots and apparel categories showed strength. No guidance was issued amid ongoing tariff uncertainty.
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Q1 2025 revenue and earnings slightly exceeded expectations, with gross margin up despite tariff headwinds. The company rapidly shifted production out of China, completed the Kurt Geiger acquisition, and withdrew 2025 guidance due to ongoing uncertainty.
Fiscal Year 2024
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Q4 and full-year 2024 saw strong revenue and EPS growth, driven by international expansion, DTC, and accessories. 2025 guidance is cautious due to tariffs and inventory headwinds, but the Kurt Geiger acquisition is expected to be a major growth driver.
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Q3 2024 saw double-digit revenue growth, led by accessories, apparel, and international markets, with strong DTC and e-commerce gains. Guidance for 2024 was raised, but wholesale footwear remains challenged by cautious ordering and sourcing shifts from China are underway.
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Q2 2024 saw revenue up 18% and Adjusted EPS up 23% year-over-year, led by strong international, accessories, and DTC growth. Guidance for 2024 is maintained, with freight and tax headwinds expected in the back half, and continued focus on diversification and margin improvement.