Steven Madden Q1 revenue rises 18%, slightly beats estimates

Steven Madden

06/05/2026 12:07

Overview

US footwear and apparel firm's Q1 revenue rose 18%, slightly beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised fiscal 2026 revenue guidance and introduced new EPS guidance

Outlook

Steven Madden raises fiscal 2026 revenue guidance to up 10%-12% from prior year

Company expects fiscal 2026 diluted EPS of $2.55-$2.65

Company sees fiscal 2026 adjusted diluted EPS of $2.00-$2.10

Result Drivers

KURT GEIGER ACQUISITION - Addition of Kurt Geiger brand drove revenue growth, especially in direct-to-consumer and wholesale channels

PRODUCT ASSORTMENT & MARKETING - Co said healthy demand was driven by compelling product assortments and strong marketing execution, per CEO Edward Rosenfeld

HIGHER OPERATING EXPENSES - Adjusted operating expenses rose as a percentage of revenue, weighing on adjusted income from operations

Company press release: ID:nGNX6w2lxj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
$649.66 mln
$647.51 mln (9 Analysts)
Q1 Adjusted EPS
Beat
$0.45
$0.39 (9 Analysts)
Q1 Net Income
$71.64 mln
Q1 EBIT
$98.74 mln
Q1 Gross Profit
$357.42 mln
Q1 Operating Expenses
$258.29 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "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 $45.00, about 19.4% above its May 5 closing price of $37.69

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

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.)