Quarterly ResultMay 6, 2026, 07:07 AM
Steven Madden Q1 Revenue +18% to $653.1M; Raises FY26 Revenue Guidance
AI Summary
Steven Madden, Ltd. announced its first quarter 2026 financial results, reporting an 18.0% increase in revenue to $653.1 million. GAAP net income attributable to the company rose to $71.8 million, or $1.00 per diluted share, from $40.4 million, or $0.57 per diluted share, in the prior year, though Adjusted net income declined to $32.1 million, or $0.45 per diluted share. The company's Board of Directors also declared a quarterly cash dividend of $0.21 per share. Furthermore, Steven Madden raised its fiscal 2026 revenue guidance to an increase of 10% to 12% and introduced fiscal 2026 diluted EPS guidance of $2.55 to $2.65.
Key Highlights
- Q1 2026 revenue increased 18.0% to $653.1 million, up from $553.5 million in Q1 2025.
- Q1 2026 GAAP net income attributable to Steven Madden, Ltd. was $71.8 million, or $1.00 per diluted share, compared to $40.4 million, or $0.57 per diluted share, in Q1 2025.
- Q1 2026 Adjusted net income attributable to Steven Madden, Ltd. was $32.1 million, or $0.45 per diluted share, compared to $42.4 million, or $0.60 per diluted share, in Q1 2025.
- Wholesale revenue increased 1.0% to $443.6 million, while direct-to-consumer revenue surged 83.8% to $206.0 million.
- The Board of Directors declared a quarterly cash dividend of $0.21 per share, payable on June 19, 2026.
- Fiscal 2026 revenue guidance was raised to an increase of 10% to 12% compared to fiscal 2025.
- Fiscal 2026 diluted EPS guidance was introduced in the range of $2.55 to $2.65, with Adjusted diluted EPS expected between $2.00 and $2.10.