Steven Madden Slides On Tariff Uncertainty Despite EPS Beat

Earnings Performance - The apparel company reported adjusted earnings per share of 48 cents, exceeding the analyst consensus estimate of 47 cents [1] - Quarterly sales reached $753.7 million, reflecting a year-over-year increase of 29.4%, but fell short of the expected $753.9 million [1] - Adjusted income from operations decreased to $50.9 million from $52.6 million in the same quarter last year [1] Company Operations - The company operated 399 brick-and-mortar retail stores, including 98 outlets, along with seven e-commerce websites and 133 international concessions [2] - As of December 31, total debt outstanding was $234.2 million, while cash and cash equivalents amounted to $112.4 million [2] - A quarterly cash dividend of 21 cents per share was approved, payable on March 20 to stockholders of record as of March 11, 2026 [2] - No common shares were repurchased in 2025 [2] Future Outlook - For FY26, the company projects revenue growth of 9% to 11% [3] - The company is not providing earnings guidance due to uncertainty related to U.S. tariff policy [3] Management Commentary - The chairman and CEO expressed optimism about the momentum in the flagship Steve Madden brand and growth opportunities in Kurt Geiger London [4] - There are expectations of pressure on the private label business and increased SG&A costs due to the normalization of incentive compensation and restoration of senior executive salaries [4] - Despite facing tariff-related uncertainties, the company believes the fundamentals of the business remain strong [4] Stock Performance - Steve Madden shares were trading lower by 6.56% at $34.91 at the time of publication [4]