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Steven Madden Ltd

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The company designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes; and handbags, apparel, small leather goods, belts, soft accessories, fashion scarves, wraps, gifting, and other accessories. It also engages in the sale of footwear, handbags, apparel, and other accessories. In addition, the company is involved in the licensing of the Steve Madden, Kurt Geiger, and Betsey Johnson trademarks for the sale of select apparel, accessory, home categories, and other non-core products. It sells its products under the Steve Madden, Kurt Geiger London, Dolce Vita, Betsey Johnson, Blondo, Carvela, Anthony Thomas Melillo (ATM), and Anne Klein brands. The company distributes its products in the wholesale channel through department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs, as well as through direct-to-consumer channel, which includes company-operated retail stores and e-commerce websites. It markets its products through email, social media, influencer partnerships, print, experiential events, and public relations. The company was incorporated in 1990 and is headquartered in Long Island City, New York.

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Steven Madden Q2 Revenue Beats Estimates on 19% Growth and Margin Expansion

Steven Madden reported second-quarter revenue of $665.9 million, beating analyst estimates of $635.5 million and growing 19.1% year on year. Adjusted earnings per share came in at $0.44, 34.3% above the consensus estimate of $0.33. The company's operating margin improved to 5.9% from negative 7.2% a year ago, driven by higher average selling prices, reduced promotions, and a shift away from lower-margin private label sales. CEO Edward Rosenfeld attributed the strong performance to momentum in the Steve Madden brand, a rebound in handbags, and growth in the Kurt Geiger and Dolce Vita brands. Looking ahead, management expects continued direct-to-consumer momentum but flagged cost pressures from higher freight and marketing investments in the second half.
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Steven Madden Lifts 2026 Guidance After Strong Share Run

Steven Madden raised its 2026 financial guidance as part of a July 30 update that also included a quarterly dividend affirmation, second quarter results, and board changes. The stock had returned 100.34% over the past year and 22.88% over the prior 90 days, but pulled back 3.66% on the update day to close at $46.08. A widely followed narrative pegs fair value at $33.22, suggesting the stock is overvalued, while a discounted cash flow model arrives at $94.70 per share. The company faces long-term margin pressure from shifting consumer preferences toward sustainability, though successful integration of Kurt Geiger and use of its strong balance sheet could challenge the bearish view.
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Steve Madden Gains Analyst Praise Ahead of Q2 Earnings on Strong Trends and DTC Growth

Steve Madden is seeing strong consumer resonance across its brands and channels as it prepares to report second-quarter earnings on Thursday. Williams Trading analyst Sam Poser rates the stock a buy, citing momentum in Steve Madden, Madden Girl, Dolce Vita, and Kurt Geiger, along with increased fill-in and new orders from large wholesale partners. Poser also noted that the private label business, primarily in the mass channel, is set to improve by early to mid-2027 after some retailer-direct products underperformed. BTIG analyst Janine Stichter expects the company could raise guidance, forecasting earnings per share of 35 cents versus 20 cents a year ago and above the 32-cent consensus, while Telsey Advisory Group’s Dana Telsey projects second-quarter revenue growth of 13.9 percent to $637 million, in line with the $635 million consensus. Analysts highlighted strong full-price demand for trending styles like Calico Tabi-style shoes, jelly shoes, and flip-flops, with U.S. direct-to-consumer comparable sales up 17 percent and TikTok Shop U.S. sales surging 697.4 percent to $4.5 million over the past year.
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Supreme Court Tariff Ruling Creates Market Tailwind Through Refunds

The Supreme Court's decision to strike down President Trump's Liberation Day tariffs is emerging as a market tailwind that few are discussing, with the Treasury Department already refunding $22 billion in May out of an estimated $166 billion owed. Wells Fargo analyst Ohsung Kwon notes that around 40 companies, including Apple, Caterpillar, Dollar Tree, and Tesla, discussed refunds in the first quarter, though only eight such as Ford, General Motors, and Under Armour recognized them as a benefit. Ken Mahoney of Mahoney Asset Management sees the repayments as a legitimate earnings boost that could lead to positive estimate revisions and earnings beats, while others like Bob Lang and Giuseppe Sette view them as a one-time event unlikely to move markets meaningfully. Bloomberg Intelligence highlights an earnings-quality test as companies handle refunds differently, with Capri Holdings lifting gross profit by $40 million while Steven Madden excluded the benefit from adjusted results. Kwon expects the refunds to broaden the market and potentially fund capital expenditures, buybacks, or dividends in the second half of the year.
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Bloomberg·57dRead more ▾
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Genesco and Steven Madden Shares Fall After Fed Signals Possible Rate Hike

Shares of footwear companies Genesco and Steven Madden declined in afternoon trading after the Federal Reserve held its benchmark rate steady at 3.5%–3.75% and signaled through its dot plot that the next move may be upward rather than down. Genesco fell 2.8% and Steven Madden fell 3% as the consumer discretionary sector faced renewed pressure from the prospect of higher rates and a stronger dollar. The FOMC's revised projections dampened hopes that 2025 rate cuts would boost consumer confidence and spending, particularly for deferrable purchases like footwear. Steven Madden shares have been volatile, with 18 moves greater than 5% over the past year, and are trading near their 52-week high of $46.23 from January 2026.
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Steven Madden Outperforms NIKE in Footwear Stock Face-Off

Steven Madden emerges as the stronger investment over NIKE in a Zacks Investment Research analysis, driven by superior growth, valuation, and stock performance. Steven Madden's first-quarter 2026 revenues rose 18% year over year to $653.1 million, with adjusted EPS of 45 cents beating expectations, while management raised full-year revenue guidance to 10-12% growth. In contrast, NIKE's fiscal 2026 sales are expected to grow just 0.1% and EPS to decline 31%, reflecting ongoing turnaround challenges despite early progress in its running segment and North America. Over the past year, Steven Madden shares have rallied 91.9% compared to a 24.3% decline for NIKE, and Steven Madden trades at a forward P/E of 18.5X versus NIKE's 23.9X. Steven Madden currently carries a Zacks Rank #3 (Hold), while NIKE holds a Zacks Rank #5 (Strong Sell).
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