Steven Madden Misses Q2 Revenue Estimates Amid Tariff Impact

Steven Madden reported second-quarter earnings per share of $0.20, which exceeded some analyst estimates but fell short of others, while revenue rose 6.8% year-over-year to $559 million, missing Wall Street revenue expectations. The company faced significant challenges from new U.S. tariffs on imported goods, which pressured its wholesale business revenue down 6.4% and caused a 12.8% decline in wholesale revenue excluding its Kurt Geiger acquisition. Direct-to-consumer revenue, boosted by Kurt Geiger, increased by 43.3%, but overall operating margins and free cash flow margins declined compared to the previous year. CEO Edward Rosenfeld acknowledged the tariff impact but emphasized the company's focus on mitigating near-term effects and positioning for long-term growth through strategic brand strength and integration of Kurt Geiger. Despite short-term challenges and a stock price decline of over 38% year-to-date, the company maintains confidence in its growth prospects and robust balance sheet to navigate ongoing uncertainties. Due to the unpredictability caused by tariffs, Steven Madden is not providing full-year 2025 financial guidance at this time.