Steven Madden Q2 revenue beats on brand momentum, higher selling prices

Steven Madden

30/07/2026 12:11

Overview
US footwear and accessories designer's Q2 revenue rose 19%, beating analyst expectations
Adjusted diluted EPS for Q2 beat analyst expectations
Company raised fiscal 2026 revenue and adjusted EPS guidance

Outlook
Steven Madden raises fiscal 2026 revenue growth guidance to 11%-13% from 10%-12%
Company increases fiscal 2026 adjusted diluted EPS guidance to $2.05-$2.15 from $2.00-$2.10
Steven Madden maintains fiscal 2026 GAAP diluted EPS guidance at $2.55-$2.65

Result Drivers
BRAND MOMENTUM - Co said the Steve Madden brand continued to gain momentum as consumers responded to trend-right assortments, per CEO Edward Rosenfeld
HIGHER SELLING PRICES - Co said higher average selling prices and reduced promotional activity drove improved gross margins in both wholesale and direct-to-consumer channels
CHANNEL GROWTH - Co said both wholesale and direct-to-consumer channels delivered strong revenue growth in Q2

Company press release: ID:nBwkpTHFa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$662.91 mln
$636.06 mln (9 Analysts)
Q2 Adjusted EPS
Beat
$0.44
$0.32 (9 Analysts)
Q2 EPS
 
$0.38
 
Q2 Net Income
 
$27.93 mln
 
Q2 Gross Profit
 
$309.66 mln
 
Q2 Operating Expenses
 
$270.34 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 $49.00, about 12.9% above its July 29 closing price of $43.40
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 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.)