Steven Madden rises after quarterly earnings beat

Steven Madden

07/05/2025 15:05

Updates

** Shares of shoe maker Steven Madden SHOO.O rise as much as 14% to $22.69 in early trading

** Stock set for its best day in over five years, if gains hold

** Co reports Q1 adjusted EPS of 60 cents vs estimates of 45 cents - data compiled by LSEG

** SHOO also announces completion of its acquisition of Kurt Greiger

** However, co withdraws its 2025 financial guidance

** "We face meaningful near-term headwinds and heightened uncertainty due to the impact of new tariffs on goods imported into the United States," says CEO Edward Rosenfeld

** Brokerage Telsey Advisory Group notes co's ~58% production exposure to China and mid-single-digit exposure to Mexico is resulting in cost pressure as co reassesses how it can adapt its supply chain

** Stock has fallen 53% YTD, as of last close

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))