Steven Madden ( (SHOO) ) has released its Q4 earnings. Here is a breakdown of the information Steven Madden presented to its investors.
Steve Madden is a prominent designer and marketer in the fashion industry, specializing in footwear, accessories, and apparel, with a diverse portfolio of brands and a strong presence in both wholesale and direct-to-consumer channels.
The company recently announced its financial results for the fourth quarter and full year of 2024, highlighting a significant increase in revenue and providing an optimistic outlook for 2025 despite potential challenges.
In 2024, Steve Madden’s revenue grew by 15.2% to $2.28 billion, with adjusted net income rising to $192.4 million. The fourth quarter saw a 12% revenue increase to $582.3 million. The company’s strategic focus on international markets, non-footwear categories, and direct-to-consumer channels contributed to these gains. Additionally, the wholesale business experienced a notable 35.4% increase in accessories and apparel revenue.
Looking forward, Steve Madden anticipates a revenue increase of 17% to 19% in 2025, driven by the pending acquisition of Kurt Geiger, which is expected to enhance the company’s growth in international markets and accessories categories. Despite facing tariff-related headwinds, the company remains confident in its ability to adapt and thrive in challenging market conditions.