Strong March Performance
The company experienced a strong improvement in March due to warmer weather and successful spring fashion assortments, leading to earnings significantly exceeding expectations.
Kurt Geiger Acquisition
Steve Madden closed the acquisition of Kurt Geiger London, a brand demonstrating outstanding momentum with revenue of £400 million for the 12 months ending February 1, 2025, and an enterprise value of £289 million.
Reduction in China Sourcing
The company significantly reduced dependence on China for production, expecting to source mid-teens percentage from China for fall 2025 and mid-single digits by spring 2026.
Strong Financial Foundation
As of March 31, 2025, the company had $147.2 million in cash and no debt, maintaining a strong balance sheet.