Retailer Steven Madden misses Q3 revenue estimates on tariff impact

Steven Madden

05/11/2025 12:05

Overview

Steven Madden Q3 revenue rose 6.9% yr/yr but missed analyst expectations

Adjusted EPS for Q3 missed analyst expectations

Company faced challenges from new tariffs, impacting wholesale business

Outlook

Company expects Q4 revenue to increase 27% to 30% compared to Q4 2024

Steven Madden projects Q4 diluted EPS between $0.30 and $0.35

Company anticipates Q4 adjusted diluted EPS between $0.41 and $0.46

Result Drivers

TARIFF IMPACT - New tariffs on U.S. imports negatively affected wholesale revenue and gross profit margins

BRAND DEMAND - Strong consumer response to Fall assortments in the Steve Madden brand

KURT GEIGER CONTRIBUTION - Acquisition of Kurt Geiger boosted direct-to-consumer revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$664.20 mln
$696.19 mln (9 Analysts)
Q3 Adjusted EPS
Miss
$0.43
$0.43 (9 Analysts)
Q3 Net Income
$21.81 mln
Q3 EBIT
$31.35 mln
Q3 Gross Profit
$277.37 mln
Q3 Operating Expenses
$246.01 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the footwear peer group is "buy"

Wall Street's median 12-month price target for Steven Madden Ltd is $35.00, about 6.2% above its November 4 closing price of $32.84

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX9YFkbG

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)