Steven Madden posts Q2 net loss of $39.5 mln on tariff impact

Steven Madden

30/07/2025 12:10

Overview

Steven Madden Q2 revenue rises 6.8% to $559 mln, missing analyst expectations

Adjusted EPS for Q2 meets analyst expectations, per LSEG data

Co reports net loss of $39.5 mln due to new tariffs on imports

Outlook

Company not providing 2025 financial guidance due to tariff uncertainty

Steven Madden cites tariffs as creating near-term pressure

Company confident in navigating current environment despite tariff impacts

Integration of Kurt Geiger seen as significant growth driver

Result Drivers

TARIFF IMPACT - New tariffs on imported goods significantly affected gross profit margins and led to a net loss, per CEO Edward Rosenfeld

KURT GEIGER INTEGRATION - Integration of Kurt Geiger is progressing well and is expected to be a significant growth driver, according to CEO Edward Rosenfeld

WHOLESALE DECLINE - Wholesale revenue decreased 6.4%, with footwear and accessories/apparel both declining, excluding Kurt Geiger

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$556.09 mln
$580 mln (9 Analysts)
Q2 Adjusted EPS
Meet
$0.2
$0.2 (9 Analysts)
Q2 Net Income
-$38.71 mln
Q2 EBIT
-$40.26 mln
Q2 Gross Profit
$226.03 mln
Q2 Operating Expenses
$263.86 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "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 $28.00, about 6% above its July 29 closing price of $26.32

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX3Ywkmt

(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.)