Overview

* Steven Madden Q3 revenue rose 6.9% yr/yr but missed analyst expectations

* Adjusted EPS for Q3 missed analyst expectations

* Company faced challenges from new tariffs, impacting wholesale business

Outlook

* Company expects Q4 revenue to increase 27% to 30% compared to Q4 2024

* Steven Madden projects Q4 diluted EPS between $0.30 and $0.35

* Company anticipates Q4 adjusted diluted EPS between $0.41 and $0.46

Result Drivers

* TARIFF IMPACT - New tariffs on U.S. imports negatively affected wholesale revenue and gross profit margins

* BRAND DEMAND - Strong consumer response to Fall assortments in the Steve Madden brand

* KURT GEIGER CONTRIBUTION - Acquisition of Kurt Geiger boosted direct-to-consumer revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $664.20 $696.19

mln mln (9

Analysts

)

Q3 Miss $0.43 $0.43 (9

Adjusted Analysts

EPS )

Q3 Net $21.81

Income mln

Q3 EBIT $31.35

mln

Q3 Gross $277.37

Profit mln

Q3 $246.01

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the footwear peer group is "buy"

* Wall Street's median 12-month price target for Steven Madden Ltd ( SHOO ) is $35.00, about 6.2% above its November 4 closing price of $32.84

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)