10-K · March 2, 2026
Steven Madden, Ltd. reported total revenue of $2.534 billion for 2025, marking an 11.0% increase from 2024, driven primarily by the acquisition of Kurt Geiger. However, net income fell sharply to $44.661 million due to…
Earnings analysis · 10-Q
SHOO earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Steven Madden, Ltd. reported revenue of $653.1 million for Q1 2026, reflecting an 18.0% year-over-year increase and surpassing estimates by approximately $4.9 million. EPS came in at $0.45, exceeding expectations of…
Read full summary
Steven Madden, Ltd. reported revenue of $653.1 million for Q1 2026, reflecting an 18.0% year-over-year increase and surpassing estimates by approximately $4.9 million. EPS came in at $0.45, exceeding expectations of $0.39. The company raised its fiscal 2026 revenue growth outlook to 10-12% while cautioning over potential headwinds from inflation and high operating costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.45
What stood out
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Strong Revenue Growth
Q1 2026 revenue increased 18.0% year-over-year to $653.1 million, surpassing estimates.
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Positive EPS Surprise
Reported diluted EPS of $0.45 exceeded the consensus estimate of $0.39 by 15.4%.
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Improved Gross Margin
Gross margin for Q1 2026 improved to 41.6%, up from 40.9% in Q1 2025.
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Debt Management
Total borrowings under senior secured term loan were $240 million, indicating financial stability.
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Cash Flow Recovery
Free cash flow improved markedly to $95 million in Q4 2025, indicating better cash management.
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Raised Revenue Guidance
Management anticipates revenue growth of 10-12% for fiscal 2026, higher than previous guidance.
What to watch
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High Operating Costs
Operating costs remain elevated, impacting profitability metrics with operating margin at 9.7%.
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Inflationary Pressures
Ongoing inflation could affect consumer spending and margin stability going forward.
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Foreign Currency Exposure
Acquisition of Kurt Geiger increases exposure to currency risks, particularly GBP fluctuations.
Management's outlook
Company anticipates revenue growth of 10-12% and has introduced EPS guidance for fiscal 2026.
Earlier filings 4
10-Q · November 10, 2025
Steven Madden, Ltd. reported Q3 2025 results with revenue of $668 million and an EPS of $0.29, both lower than the previous quarter, while gross margin held steady at 41.5%. The company faced headwinds from declining…
10-Q · August 5, 2025
In Q2 2025, Steven Madden, Ltd. reported revenues of $559 million, falling short of expectations by $31 million, alongside a loss per share of $0.56. The company's gross margin slightly declined to 40.4%, and operating…
10-Q · May 9, 2025
Steven Madden, Ltd. reported its Q1 2025 earnings with revenue of $554 million and EPS of $0.57, both reflecting slight misses versus estimates but showing resilience compared to prior periods. The company continues to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.