Steven Madden(US:SHOO) Cai Jing Wang·2025-11-12 08:33Core Insights - Steve Madden reported a revenue increase of 6.9% year-over-year to $667.9 million for Q3 2025 [1] - The gross margin remained stable at 41.5%, while the adjusted gross margin improved to 43.4% from 41.6% in the same period of 2024 [1] - Net income attributable to Steven Madden, Ltd. was $20.5 million, or $0.29 per diluted share, down from $55.3 million, or $0.77 per diluted share in Q3 2024 [1] Financial Performance - Revenue: $667.9 million, a 6.9% increase year-over-year [1] - Gross Margin: 41.5% (unchanged from 2024); Adjusted Gross Margin: 43.4% (up from 41.6% in 2024) [1] - Operating Expenses: 36.8% of revenue, compared to 28.6% in 2024; Adjusted Operating Expenses: 36.4% of revenue, up from 27.9% in 2024 [1] - Operating Income: $31.4 million, representing 4.7% of revenue; Adjusted Operating Income: $46.3 million, or 6.9% of revenue, down from $85.4 million, or 13.7% in 2024 [1] Profitability Metrics - Net Income: $20.5 million, down from $55.3 million in Q3 2024 [1] - Adjusted Net Income: $30.4 million, or $0.43 per diluted share, compared to $64.8 million, or $0.91 per diluted share in 2024 [1]