Quarterly ResultMay 6, 2026, 07:02 AM
Steven Madden Raises FY26 Revenue Guidance, Introduces EPS Outlook
AI Summary
Steven Madden reported a strong start to fiscal 2026, with first-quarter revenue increasing 18.0% to $653.1 million and diluted EPS rising 75.4% to $1.00. The company raised its fiscal 2026 revenue guidance to an increase of 10% to 12% and introduced fiscal 2026 diluted EPS guidance in the range of $2.55 to $2.65. CEO Edward Rosenfeld highlighted healthy underlying demand, strong performance from the Steve Madden and Kurt Geiger London brands, and an expectation to return to earnings growth in Q2 and for the full year.
Key Highlights
- Fiscal 2026 revenue guidance raised to increase 10% to 12% YoY.
- Fiscal 2026 diluted EPS guidance introduced at $2.55 to $2.65.
- Q1 2026 revenue increased 18.0% to $653.1 million.
- Q1 2026 diluted EPS rose 75.4% to $1.00.
- Wholesale revenue increased 1.0% to $443.6 million in Q1 2026.
- Direct-to-consumer revenue surged 83.8% to $206.0 million in Q1 2026.
- Board approved a quarterly cash dividend of $0.21 per share.