| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 662.91 | 2.0% | 19.2% |
| Total Income | 662.91 | 2.0% | 19.2% |
| Expenditure | 623.60 | 13.2% | 4.6% |
| PBT | 38.06 | 60.0% | 209.4% |
| Net Profit | 27.73 | 61.4% | 171.6% |
| OPM | 5.93% | 9.27pp | 13.17pp |
| NPM | 4.18% | 6.87pp | 11.14pp |
| EPS | 0.39 | 61.4% | 169.6% |
Steve Madden Announces Q2 2026 Results, Raises Guidance
30 Jul 2026 · 30 Jul, 4:32 pm
Summary
Steven Madden, Ltd. reported a strong second quarter of 2026 with revenue increasing 19.1% year-over-year to $665.9 million. The company saw significant improvements in profitability, with gross profit margin rising to 46.5% and adjusted income from operations reaching $44.5 million. Net income attributable to the company was $27.7 million, a substantial turnaround from a loss in the prior year's second quarter. Based on these results and current momentum, Steven Madden is raising its fiscal 2026 revenue and Adjusted diluted EPS guidance.
Key Highlights
- 1
Revenue increased by 19.1% to $665.9 million in the second quarter of 2026 compared to $559.0 million in the same period of 2025.
- 2
Gross profit as a percentage of revenue was 46.5% in Q2 2026, up from 40.4% in Q2 2025.
- 3
Adjusted income from operations totaled $44.5 million, or 6.7% of revenue, compared to $22.6 million, or 4.0% of revenue, in the same period of 2025.
- 4
Net income attributable to Steven Madden, Ltd. was $27.7 million, or $0.38 per diluted share, a significant improvement from a loss of $39.5 million, or ($0.56) per diluted share, in Q2 2025.
- 5
Adjusted net income attributable to Steven Madden, Ltd. was $31.7 million, or $0.44 per diluted share, compared to $13.9 million, or $0.20 per diluted share, in the same period of 2025.
- 6
The Company is raising its fiscal 2026 revenue and Adjusted diluted EPS outlook.
- 7
A quarterly cash dividend of $0.21 per share was declared, payable on September 24, 2026.
Management Comments
Edward R. Rosenfeld
We delivered robust top- and bottom-line growth in the second quarter, reflecting the strength of our brands and disciplined execution across the organization. The Steve Madden brand was the highlight, continuing to gain momentum as consumers responded enthusiastically to the trend-right assortments created by Steve and his design team. Combined with strong marketing execution, our compelling product offering generated increased brand heat and fueled strong performance across both direct-to-consumer and wholesale channels. Based on the strong results in the second quarter and the momentum we see across our brands, we are raising our revenue and Adjusted diluted earnings per share outlook for 2026. Looking further ahead, we remain confident that our powerful brands, proven business model and talented team provide a strong foundation to deliver sustainable growth and long-term value creation for our shareholders. We are pleased to welcome Ken to our Board of Directors. His decades of experience building brands and driving growth, together with his deep understanding of digital innovation and emerging technologies, will be invaluable as we continue to execute our long-term growth strategy. We look forward to benefiting from his insights and perspective.
Informational and educational content only. Not investment advice.