Steve Madden Q3 sales jump 15.7% as company raises 2026 guidance
Steven Madden Ltd reported third-quarter revenue of $772.6 million, up 15.7% year on year, with net income more than doubling, and lifted full-year revenue and earnings guidance on strength across brands and channels.
Footwear and accessories group Steven Madden, Ltd. (Nasdaq: SHOO) on Thursday, 5 November, posted third-quarter revenue of $772.6 million, up 15.7% from $667.9 million a year earlier, according to its Business Wire release and FashionNetwork.
Results
- Wholesale revenue rose 19.4% to $528.7 million (footwear +21%, accessories/apparel +17%).
- Direct-to-consumer revenue climbed 8% to $239.2 million.
- Net income attributable to the company was $52.4 million, or $0.72 per diluted share, versus $20.5 million, or $0.29, a year ago.
- Gross margin was 44.6%, up from 41.5%.
Outlook
The company now expects fiscal 2026 revenue growth of 12% to 13% (prior: 11% to 13%) and diluted EPS of $2.58 to $2.63. Adjusted diluted EPS guidance was raised to $2.15–$2.20 from $2.05–$2.15.
Chairman and CEO Edward Rosenfeld said the Steve Madden brand was “a particular highlight,” with trend-right assortments and marketing driving momentum across the portfolio.
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