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Steven Madden ( (SHOO) ) just unveiled an update.
On May 6, 2026, Steven Madden reported first-quarter 2026 results showing revenue up 18% year-on-year to $653.1 million, with gross margin expanding sharply but adjusted operating income and adjusted net income declining versus 2025. The quarter highlighted strong direct-to-consumer growth, continued momentum from the Kurt Geiger acquisition and higher wholesale margins, while net income benefited from non-GAAP adjustments.
Channel results underscored contrasting trends, as wholesale revenue was essentially flat overall and down excluding Kurt Geiger, while direct-to-consumer revenue surged 83.8% and rose 8% organically, supported by strong comps and sell-through. The company ended the quarter with 387 brick-and-mortar stores, eight e-commerce sites and 162 concessions, carried net debt of $209.3 million, declared a $0.21 quarterly dividend payable June 19, 2026, and raised its 2026 revenue guidance while issuing new earnings-per-share targets, signaling confidence in sustained growth despite near-term earnings pressure.
The most recent analyst rating on (SHOO) stock is a Buy with a $42.00 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.
The score is held back primarily by sharp 2025 profit compression and a step-up in leverage, reinforced by bearish technical signals (price below key moving averages and negative MACD). Offsetting factors include still-positive cash generation and a 2026 revenue growth outlook driven by Kurt Geiger and branded momentum, though tariff-driven uncertainty and private-label declines limit confidence, and the high P/E keeps valuation support modest.
To see Spark’s full report on SHOO stock, click here.
More about Steven Madden
Steven Madden, Ltd., based in Long Island City, N.Y., is a leading designer, sourcer and marketer of fashion-forward footwear, accessories and apparel. The company sells under brands including Steve Madden, Kurt Geiger London, Dolce Vita, Betsey Johnson and others, through wholesale channels, owned retail stores, e-commerce sites and international concessions.
It also designs products under private label brands for various retailers and licenses the Anne Klein brand for footwear, handbags and accessories. In addition, Steve Madden licenses certain of its own brands to third parties for apparel, accessory and home categories, providing a diversified revenue base across product lines and distribution channels.
Average Trading Volume: 1,337,551
Technical Sentiment Signal: Buy
Current Market Cap: $2.66B
See more insights into SHOO stock on TipRanks’ Stock Analysis page.