Steven Madden reports Q2 adjusted EPS 20c, consensus 24c

Reports Q2 revenue $559.0M, consensus $576.64M. Edward Rosenfeld, Chairman and CEO, commented, “As anticipated, the second quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United States. Our team continues to act with agility to mitigate near-term impacts while remaining focused on positioning the company for long-term growth by executing our strategy to deepen consumer connections through the combination of compelling product and effective marketing. The integration of Kurt Geiger is proceeding smoothly, and we are more confident than ever in its potential to be a significant driver of growth for the company in the years ahead. While tariffs have created near-term pressure and added uncertainty, we believe our key strengths – powerful brands, a robust balance sheet and a proven business model – position us well to navigate the current environment and deliver sustainable growth over time.”