For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 52-16 Barnett Avenue, Long Island City, New York 11104 (Address of principal executive offices) (Zip Code) (718) 446-1800 For the transition period from ____________________ to _____________________ C ...

While Steven Madden Ltd SHOO reported a "significant" earnings beat on Wednesday, Telsey Advisory Group reported that the company withdrew its full-year guidance due to tariff-related uncertainty.The Steven Madden Analyst: Analyst Dana Telsey maintained a Market Perform rating and price of $24.The Steven Madden Thesis: The company completed the acquisition of Kurt Geiger, which nicely complements the existing business as "it skews higher end and more towards handbags," Telsey said in the note.Check out othe ...

Steven Madden, Ltd. (SHOO) reported first-quarter 2025 results, wherein the top line lagged the Zacks Consensus Estimate, while the bottom line surpassed the same. Total revenues increased and earnings decreased from the year-ago period.SHOO’s first-quarter results were driven by strong execution of strategic initiatives despite challenges from new tariffs on U.S. imports. Focused on adapting to market changes, the company aims to mitigate near-term impacts while positioning for long-term growth. The recent ...

Steven Madden (SHOO) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Q1 twenty twenty five Steve Madden Limited Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your que ...

Steven Madden (SHOO) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30.43%. A quarter ago, it was expected that this footwear and accessories retailer would post earnings of $0.54 per share when it actually produced earnings of $0.55, delivering a surprise of 1.85%.Over the last four ...

Exhibit 10.1 EXECUTION AMENDED AND RESTATED CREDIT AGREEMENT dated as of May 6, 2025 among STEVEN MADDEN, LTD., as Lead Borrower, THE OTHER BORROWERS PARTY HERETO, THE LENDERS PARTY HERETO, and CITIZENS BANK, N.A., as Administrative Agent CITIZENS BANK, N.A., as Joint Lead Arranger and Bookrunner, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Joint Lead Arranger and Bookrunner CITIBANK, N.A., as Joint Lead Arranger and Bookrunner and BANK OF AMERICA, N.A., as Joint Lead Arranger and Bookrunner | TABLE OF CO ...

Announces Completion of Acquisition of Kurt GeigerLONG ISLAND CITY, N.Y., May 07, 2025 (GLOBE NEWSWIRE) -- Steven Madden, Ltd. (Nasdaq: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel, today announced financial results for the first quarter ended March 31, 2025. Amounts referred to as “Adjusted” are non-GAAP measures that exclude the items defined as “Non-GAAP Adjustments” in the “Non-GAAP Reconciliation” section. First Quarter 2025 Results Revenue increased 0.2% ...

Company Overview - Steven Madden, Ltd. is a leading designer and marketer of fashion-forward footwear, accessories, and apparel [4] - The company markets products under its own brands including Steve Madden®, Dolce Vita®, Betsey Johnson®, Blondo®, and ATM® [4] - Additionally, Steven Madden licenses products for the Anne Klein® brand and designs private label products for various retailers [4] Upcoming Earnings Release - The company plans to release its first quarter 2025 earnings results on May 7, 2025 [1] - A conference call will be hosted by management at 8:30 a.m. Eastern Time to review the results [1] Conference Call Details - The conference call will be webcast live on the company's investor relations website [2] - Participants can register for the call to receive dial-in information and a unique PIN [3] - It is recommended to join the call 10 minutes prior to the start time [3]

Steven Madden ((SHOO) was down over 34% after their Q4 earnings report on February 26 compelled analysts to lower EPS estimates nearly 8%.The Zacks Consensus fell from $2.53 to $2.33 for 2025. But this drop was on the heels of a 14% cut to EPS projections the month before from $2.95.While revenue estimates remain robust, with the 2025 consensus calling for 18% growth to $2.7 billion, the earnings outlook could result in a -12.7% annual slump.Tariff Tornado TouchdownThe above data points were as of Wednesday ...

Financial Performance - Total revenue for 2024 was $2,282,927, an increase of 15.2% compared to 2023[146] - Net income attributable to Steven Madden, Ltd. was $169,390 in 2024, down from $171,554 in 2023[146] - Diluted earnings per share in 2024 was $2.35 on 71,963 diluted weighted average shares outstanding, compared to $2.30 on 74,565 shares in 2023[146] - Gross profit in 2024 was $936,932, or 41.0% of total revenue, down from $832,414, or 42.0% in 2023, due to the acquisition of Almost Famous and a greater mix of private label footwear[155] - Operating expenses in 2024 were $698,936, or 30.6% of total revenue, compared to $612,672, or 30.9% in 2023, primarily due to expense leverage on a higher revenue base[156] - Income from operations in 2024 was $224,939, or 9.9% of total revenue, compared to $213,222, or 10.8% in 2023[157] - The effective tax rate for 2024 was 23.7%, up from 21.1% in 2023, primarily due to a lower tax benefit related to equity-based awards[157] Revenue Segmentation - Total revenue for 2024 increased by 15.2% to $2,282,927 compared to $1,981,582 in 2023, driven by growth in the Wholesale Accessories/Apparel, Direct-to-Consumer, and Wholesale Footwear segments[154] - Revenue from the Wholesale Footwear segment for 2024 was $1,059,440, or 46.4% of total revenue, a slight increase of 1.0% from $1,048,448 in 2023[158] - Revenue from the Wholesale Accessories/Apparel segment increased by 59.1% to $662,673, or 29.0% of total revenue, primarily due to the acquisition of Almost Famous[162] - Revenue from the Direct-to-Consumer segment for 2024 was $550,153, or 24.1% of total revenue, an increase of 8.6% from $506,494 in 2023[166] Store Operations - As of December 31, 2024, the company had 291 brick-and-mortar retail stores, an increase from 255 stores in 2023[147] - The company opened 54 new brick-and-mortar stores in 2024, primarily in international markets[147] - The company opened 54 brick-and-mortar stores and closed 18 in 2024, resulting in a total of 291 stores compared to 255 at the end of 2023[166] Cash and Investments - Cash, cash equivalents, and short-term investments totaled $203,408 as of December 31, 2024, with no debt[148] - Cash provided by operating activities was $198,096 in 2024, down from $229,237 in the prior year, primarily due to unfavorable changes in inventories and receivables[178] - Cash used in investing activities totaled $39,493 in 2024, mainly for capital expenditures of $25,911 and acquisitions of $13,976[179] - Cash used in financing activities was $167,906 in 2024, primarily for share repurchases and dividends paid totaling $61,039[180] - As of December 31, 2024, working capital was $480,974, with cash and cash equivalents of $189,924 and no cash borrowing[174] Dividends and Shareholder Returns - A quarterly cash dividend of $0.21 per share was approved, with total cash dividends paid for the twelve months ended December 31, 2024, amounting to $61,039[145] - The company declared a quarterly cash dividend of $0.21 per share in February, May, July, and November 2024, totaling $15,416, $15,292, $15,172, and $15,159 respectively[185][186][187][188] Acquisitions and Joint Ventures - The company formed a joint venture with Luxury Ventures Pte. Ltd., acquiring a 51.0% interest in SM Distribution Singapore Pte. Ltd. for $1,020[134] - The company acquired the ATM Collection for approximately $9,783, enhancing its presence in the high-end fashion market[133] - The GREATS business was sold during the third quarter of 2024, leading to the write-off of remaining intangible assets[205] - The acquisition of Kurt Geiger is subject to closing conditions, and any delays could adversely affect the company's business and stock price[97] Impairments and Fair Value - The estimated fair value of the GREATS trademark was written down from $6,150 to $4,450, resulting in a pre-tax non-cash impairment charge of $1,700[204] - The Almost Famous trademark was impaired with an impairment charge of $8,635, representing the remaining carrying amount of the asset[206] - A hypothetical 5% increase to inventory reserves as of December 31, 2024, would have decreased gross profit by approximately $500[198] - The annual impairment tests concluded that the fair values of reporting units exceeded their carrying values, with no impairment charges recorded during the years presented[203] - The company reassessed the carrying amount of its Almost Famous trademark for impairment, resulting in an impairment charge due to lower estimated future cash flows[206] Risks and Challenges - The company is exposed to foreign exchange rate fluctuations, which may materially affect business and financial condition[89] - Economic conditions may negatively impact consumer confidence and discretionary spending, which could affect the company's financial condition and liquidity[98] - Ongoing litigation and legal proceedings could divert management resources and adversely impact operating results[99] - The company is subject to complex tax laws and audits, which could result in additional tax liabilities and affect operating results[100] - Changes in tax laws could increase tax liabilities and adversely affect after-tax profitability[101] - Foreign tax authorities may introduce new tax laws or adjust existing regulations, impacting tax liabilities and after-tax income[102] - Failure to maintain effective internal control over financial reporting could undermine investor confidence and negatively impact stock price[103] Corporate Expenses - Corporate operating expenses increased to $96,738 in 2024 from $91,743 in 2023, reflecting higher costs related to corporate functions[171] - Operating expenses in 2024 were $314,003, or 57.1% of Direct-to-Consumer revenue, up from $279,827, or 55.2% in 2023, due to higher marketing and occupancy costs[168] - Royalty income from the Licensing segment for 2024 was $10,661, maintaining 0.5% of total revenue, with operating expenses of $1,600[170]