Steve Madden Posts Strong Sales, Adds New Quarterly Dividend

Steven Madden ( (SHOO) ) has shared an update.

On February 25, 2026, Steve Madden reported fourth-quarter and full-year 2025 results showing strong top-line growth but weaker profitability, alongside a new quarterly dividend. Fourth-quarter revenue rose 29.4% year-on-year to $753.7 million and full-year revenue increased 11.0% to $2.53 billion, driven in part by the Kurt Geiger acquisition, yet operating margins and net income declined as higher operating expenses, incentive compensation normalization and tariffs weighed on earnings.

Fourth-quarter net income fell to $23.2 million from $34.8 million a year earlier, while full-year net income dropped to $44.7 million from $169.4 million, though adjusted metrics also showed margin compression. The board declared a $0.21 per-share dividend payable March 20, 2026, and management projected 2026 revenue growth of 9% to 11% but withheld earnings guidance due to U.S. tariff uncertainty, underscoring both the growth momentum in its core Steve Madden brand and Kurt Geiger and the pressure on private-label operations and profitability.

At year-end 2025, the company operated 399 brick-and-mortar stores, seven e-commerce sites and 133 international concessions, with net debt of $121.7 million and no open-market share repurchases during the year. Channel results highlighted modest organic growth and margin impact from tariffs in wholesale and direct-to-consumer segments, as well as a significant reported revenue lift from the integration of Kurt Geiger’s wholesale and concessions businesses, signaling a strategic shift toward branded growth despite near-term cost headwinds.

The most recent analyst rating on (SHOO) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Steven Madden stock, see the SHOO Stock Forecast page.

Spark’s Take on SHOO Stock

According to Spark, TipRanks’ AI Analyst, SHOO is a Neutral.

Overall score reflects moderate financial performance (solid balance sheet and improving free cash flow, but pressured margins and cash conversion) and supportive technical momentum. These are offset by expensive valuation (high P/E) and a mixed earnings outlook where tariff impacts and weaker wholesale results remain key risks despite optimistic Q4 guidance and DTC/Kurt Geiger strength.

To see Spark’s full report on SHOO stock, click here.

More about Steven Madden

Steve Madden, Ltd. is a leading designer, sourcer and marketer of fashion-forward footwear, accessories and apparel, sold under brands including Steve Madden, Kurt Geiger London, Dolce Vita, Betsey Johnson, Carvela, Blondo and ATM. The company also produces private-label products for major retailers, distributes through wholesale channels worldwide, and operates its own brick-and-mortar stores, e-commerce sites and international concessions, while licensing certain brands for apparel, accessory and home categories.

Average Trading Volume: 1,319,924

Technical Sentiment Signal: Buy

Current Market Cap: $2.71B

See more insights into SHOO stock on TipRanks’ Stock Analysis page.