Steve Madden Q3 profit rises on wholesale strength, lifts 2026 revenue growth outlook

Steven Madden

Yesterday 12:09

Overview
US fashion footwear firm's Q3 revenue rose 16% yr/yr but missed analyst expectations
Adjusted EPS for Q3 rose to $0.79 from $0.43 a year earlier
Company raised full-year revenue and adjusted EPS outlook

Outlook
Steven Madden raises fiscal 2026 revenue growth outlook to 12%-13% from 11%-13%
Company expects fiscal 2026 diluted EPS of $2.58-$2.63, narrowing prior $2.55-$2.65 range
Steven Madden lifts fiscal 2026 adjusted diluted EPS outlook to $2.15-$2.20 from $2.05-$2.15

Result Drivers
STEVE MADDEN BRAND - Co said trend-focused product assortments and marketing for the Steve Madden brand drove strong momentum
WHOLESALE GROWTH - Wholesale footwear and accessories/apparel revenue rose 21% and 17% respectively, supporting overall revenue growth
WHOLESALE MARGIN IMPROVEMENT - Co said higher wholesale gross margin reflected underlying improvement and smaller negative impact from tariffs, partly offset by higher freight costs

Company press release: ID:nBw6qbXBWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$767.89 mln
$777.47 mln (8 Analysts)
Q3 EPS
 
$0.72
 
Q3 Net Income
 
$52.64 mln
 
Q3 EBIT
 
$73.21 mln
 
Q3 Gross Profit
 
$344.25 mln
 
Q3 Operating Expenses
 
$270.03 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 1 "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 $55.00, about 17.1% above its November 4 closing price of $46.98
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

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