Overview

* Steven Madden Q2 revenue rises 6.8% to $559 mln, missing analyst expectations

* Adjusted EPS for Q2 meets analyst expectations, per LSEG data

* Co reports net loss of $39.5 mln due to new tariffs on imports

Outlook

* Company not providing 2025 financial guidance due to tariff uncertainty

* Steven Madden cites tariffs as creating near-term pressure

* Company confident in navigating current environment despite tariff impacts

* Integration of Kurt Geiger seen as significant growth driver

Result Drivers

* TARIFF IMPACT - New tariffs on imported goods significantly affected gross profit margins and led to a net loss, per CEO Edward Rosenfeld

* KURT GEIGER INTEGRATION - Integration of Kurt Geiger is progressing well and is expected to be a significant growth driver, according to CEO Edward Rosenfeld

* WHOLESALE DECLINE - Wholesale revenue decreased 6.4%, with footwear and accessories/apparel both declining, excluding Kurt Geiger

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $556.09 $580 mln

mln (9

Analysts

)

Q2 Meet $0.2 $0.2 (9

Adjusted Analysts

EPS )

Q2 Net -$38.71

Income mln

Q2 EBIT -$40.26

mln

Q2 Gross $226.03

Profit mln

Q2 $263.86

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "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 $28.00, about 6% above its July 29 closing price of $26.32

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(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.)