Steven Madden ( (SHOO) ) has released its Q2 earnings. Here is a breakdown of the information Steven Madden presented to its investors.
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Steven Madden, Ltd. is a prominent designer and marketer of fashion-forward footwear, accessories, and apparel, operating in the fashion industry with a diverse range of brands and retail channels.
In the second quarter of 2025, Steven Madden reported a revenue increase of 6.8% to $559 million compared to the same period in 2024. However, the company faced challenges due to new tariffs on imported goods, resulting in a net loss of $39.5 million, or $0.56 per diluted share, compared to a net income of $35.4 million in the previous year.
Key financial highlights include a decrease in wholesale revenue by 6.4%, while direct-to-consumer revenue saw a significant increase of 43.3%, largely driven by the acquisition of Kurt Geiger. The company’s gross profit margin decreased slightly, and operating expenses rose significantly as a percentage of revenue. Despite these challenges, the integration of Kurt Geiger is progressing well, and the company remains confident in its long-term growth strategy.
Looking ahead, Steven Madden is focused on leveraging its strong brand portfolio and robust balance sheet to navigate the current economic environment and achieve sustainable growth. The company has not provided financial guidance for 2025 due to ongoing macroeconomic uncertainties related to tariffs.