| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 664.20 | 19.4% | 6.9% |
| Total Income | 664.20 | 19.4% | 6.9% |
| Expenditure | 632.84 | 6.1% | 15.8% |
| PBT | 26.41 | 175.9% | 65.2% |
| Net Profit | 20.53 | 153.0% | 63.7% |
| OPM | 4.72% | 11.96pp | 7.28pp |
| NPM | 3.09% | 10.05pp | 6.02pp |
| EPS | 0.29 | 151.8% | 62.8% |
Steve Madden Reports Q3 2025 Results: Revenue Up 6.9% to $667.9 Million
04 May 2026 · 4 May, 7:59 am
Summary
Steven Madden, Ltd. announced its financial results for the third quarter ended September 30, 2025. Revenue increased by 6.9% to $667.9 million compared to the same period in 2024. Net income attributable to Steven Madden, Ltd. was $20.5 million, or $0.29 per diluted share, a decrease from $55.3 million, or $0.77 per diluted share, in the prior year. The company expects revenue to increase 27% to 30% for the fourth quarter of 2025. The Board of Directors declared a quarterly cash dividend of $0.21 per share.
Key Highlights
- 1
Revenue increased by 6.9% to $667.9 million compared to $624.7 million in the third quarter of 2024.
- 2
Net income attributable to Steven Madden, Ltd. was $20.5 million, or $0.29 per diluted share, compared to $55.3 million, or $0.77 per diluted share, in the same period of 2024.
- 3
Wholesale revenue decreased 10.7% to $442.7 million compared to the third quarter of 2024.
- 4
Direct-to-consumer revenue increased 76.6% to $221.5 million compared to the third quarter of 2024.
- 5
The company expects revenue will increase 27% to 30% for the fourth quarter of 2025 compared to the same period of 2024.
- 6
The company’s Board of Directors approved a quarterly cash dividend of $0.21 per share.
- 7
Adjusted net income attributable to Steven Madden, Ltd. was $30.4 million, or $0.43 per diluted share, compared to $64.8 million, or $0.91 per diluted share, in the same period of 2024.
Management Comments
Edward Rosenfeld
As anticipated, the third quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United States. That said, we are pleased with underlying demand for our brands and products. Consumers have responded favorably to our Fall assortments, particularly in our flagship Steve Madden brand. The improved trend in Steve Madden, together with our tariff mitigation strategies and the contribution from our recent acquisition Kurt Geiger, position us to deliver stronger financial results beginning in the fourth quarter.
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