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Steve Madden Q3 profit rises on wholesale strength, lifts 2026 revenue growth outlook

By Reuters News


Overview

  • US fashion footwear firm's Q3 revenue rose 16% yr/yr but missed analyst expectations

  • Adjusted EPS for Q3 rose to $0.79 from $0.43 a year earlier

  • Company raised full-year revenue and adjusted EPS outlook


Outlook

  • Steven Madden raises fiscal 2026 revenue growth outlook to 12%-13% from 11%-13%

  • Company expects fiscal 2026 diluted EPS of $2.58-$2.63, narrowing prior $2.55-$2.65 range

  • Steven Madden lifts fiscal 2026 adjusted diluted EPS outlook to $2.15-$2.20 from $2.05-$2.15


Result Drivers

  • STEVE MADDEN BRAND - Co said trend-focused product assortments and marketing for the Steve Madden brand drove strong momentum

  • WHOLESALE GROWTH - Wholesale footwear and accessories/apparel revenue rose 21% and 17% respectively, supporting overall revenue growth

  • WHOLESALE MARGIN IMPROVEMENT - Co said higher wholesale gross margin reflected underlying improvement and smaller negative impact from tariffs, partly offset by higher freight costs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

$767.89 mln

$777.47 mln (8 Analysts)

Q3 EPS

$0.72

Q3 Net Income

$52.64 mln

Q3 EBIT

$73.21 mln

Q3 Gross Profit

$344.25 mln

Q3 Operating Expenses

$270.03 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 1 "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. is $55.00, about 17.1% above its November 4 closing price of $46.98

  • The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago


Reuters Recommended Reads

  • Nov 5 - Tapestry lifts annual forecasts as young shoppers snap up Coach bags

  • Nov 3 - Bata India's quarterly profit jumps 30% on strong footwear demand

  • Nov 4 - UK's Marks and Spencer interim revenue, profit beat estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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