Steven Madden reports Q1 adjusted EPS 60c, consensus 46c

Reports Q1 revenue $553.5M, consensus $556.3M. CEO Edward Rosenfeld commented, “We were pleased with our performance in the first quarter, as our team’s strong execution of our strategy enabled us to deliver earnings results that significantly exceeded expectations. Looking ahead, we face meaningful near-term headwinds and heightened uncertainty due to the impact of new tariffs on goods imported into the United States. We are moving swiftly to adapt to the changing landscape, with a focus on mitigating near-term impacts while positioning the company for long-term growth. We believe our agile business model – combined with our fortress balance sheet – gives us a competitive advantage in dynamic environments, and we are optimistic that the current disruption will create opportunities for market share gains over time. We are also thrilled to have completed the acquisition of Kurt Geiger, which adds a powerful new growth engine to our company.”