Key Takeaways Steven Madden's Q2 earnings fell 64.9% to $0.20 per share as tariffs hit profitability.Gross margin held at 41.9%, but wholesale and direct-to-consumer margins both declined.Production shifted to Vietnam and Cambodia, with some orders returning to China.Steven Madden, Ltd. (SHOO) reported second-quarter fiscal 2025 results that highlighted the ongoing impact of tariffs on profitability. While consumer demand for the brand remained solid, order cancellations and shipment delays, particularly in ...