| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 649.66 | 17.8% |
| Total Income | 649.66 | 17.8% |
| Expenditure | 550.92 | 10.7% |
| PBT | 95.14 | 75.1% |
| Net Profit | 71.82 | 74.1% |
| OPM | 15.20% | 5.50pp |
| NPM | 11.05% | 3.57pp |
| EPS | 1.01 | 77.2% |
Steve Madden Reports Q1 2026: Revenue Up 18% to $653.1 Million
06 May 2026 · 6 May, 4:37 pm
Summary
Steven Madden, Ltd. announced financial results for the first quarter ended March 31, 2026. Revenue increased 18.0% to $653.1 million compared to the same period in 2025. 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 the same period of 2025. The Company is raising its fiscal 2026 revenue guidance and introducing fiscal 2026 diluted earnings per share guidance. The Company now expects fiscal 2026 revenue will increase 10% to 12% compared to fiscal 2025 and diluted EPS will be in the range of $2.55 to $2.65.
Key Highlights
- 1
Revenue increased by 18.0% to $653.1 million in the first quarter of 2026, compared to $553.5 million in the same period of 2025.
- 2
Gross profit as a percentage of revenue was 54.7% in Q1 2026, compared to 40.9% in the same period of 2025.
- 3
Income from operations totaled $98.7 million, or 15.1% of revenue, compared to $53.5 million, or 9.7% of revenue, in the same period of 2025.
- 4
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 the same period of 2025.
- 5
The Company is raising its fiscal 2026 revenue guidance and introducing fiscal 2026 diluted earnings per share guidance.
- 6
The Company expects fiscal 2026 revenue will increase 10% to 12% compared to fiscal 2025.
- 7
The Company expects fiscal 2026 diluted EPS will be in the range of $2.55 to $2.65.
Management Comments
Edward Rosenfeld
“We got off to a solid start to the year in the first quarter, with healthy underlying demand across our brands driven by compelling product assortments and strong marketing execution. The Steve Madden brand continued to gain momentum, as consumers responded favorably to our on-trend assortments, resulting in strong comps in our direct-to-consumer business and robust sell-through performance in wholesale. The Kurt Geiger London brand also delivered another strong quarter, with continued momentum across channels. While earnings declined in the first quarter, we expect to return to earnings growth in the second quarter and deliver strong top- and bottom-line growth for the full year. Looking out further, we are confident that our powerful brands, proven business model and talented team position us to deliver sustainable growth for years to come.”
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