SHOO earnings analysis
What we found in SHOO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Q1 2026 revenue increased 18.0% year-over-year to $653.1 million, surpassing estimates.
- Positive EPS Surprise
- Reported diluted EPS of $0.45 exceeded the consensus estimate of $0.39 by 15.4%.
- Improved Gross Margin
- Gross margin for Q1 2026 improved to 41.6%, up from 40.9% in Q1 2025.
- Debt Management
- Total borrowings under senior secured term loan were $240 million, indicating financial stability.
- Cash Flow Recovery
- Free cash flow improved markedly to $95 million in Q4 2025, indicating better cash management.
- Raised Revenue Guidance
- Management anticipates revenue growth of 10-12% for fiscal 2026, higher than previous guidance.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Operating Costs
- Operating costs remain elevated, impacting profitability metrics with operating margin at 9.7%.
- Inflationary Pressures
- Ongoing inflation could affect consumer spending and margin stability going forward.
- Foreign Currency Exposure
- Acquisition of Kurt Geiger increases exposure to currency risks, particularly GBP fluctuations.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.45
- Gross margin
- 41.6%
- Operating margin
- 9.7%
What they said about what is next.
Company anticipates revenue growth of 10-12% and has introduced EPS guidance for fiscal 2026.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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