Steve Madden Expects Continued Tariff Pressure in Fiscal 2026 as Situation Remains ‘Uncertain’

Core Insights - Steve Madden experienced a strong revenue growth of 29.4% in Q4 fiscal 2025, reaching $753.7 million compared to $582.3 million in Q4 fiscal 2024 [1] - However, net income for Q4 fell by 33.3% to $23.2 million, or 32 cents per diluted share, down from $34.8 million, or 49 cents per share in the same quarter last year [2] - The company faced challenges with tariffs that may impact future performance [1] Revenue Breakdown - Wholesale revenue in Q4 was $433.3 million, a 7.5% increase from Q4 2024, but declined by 2.6% when excluding the recently acquired Kurt Geiger [3] - Direct-to-consumer revenue surged by 79.9% to $316.6 million compared to Q4 2024, with a 1.6% increase when excluding Kurt Geiger [4] Full Year Performance - For the full fiscal year 2025, total revenue rose by 11.0% to $2.53 billion from $2.28 billion in 2024 [5] - Net income for the year was $44.7 million, or 63 cents per diluted share, a significant drop from $169.4 million, or $2.35 per diluted share in 2024 [5] - Adjusted diluted earnings per share for the year was reported at $1.70 [5] Management Commentary - Edward Rosenfeld, CEO, expressed satisfaction with the above-guidance earnings results for Q4, attributing the success to improved performance in the core footwear business and contributions from Kurt Geiger [6]