Steven Madden Ltd (NAS:SHOO)

Q3 2025 Steven Madden Ltd Earnings Call Transcript

Nov 5, 2025 / 01:30 PM GMT

Release Date Price: $37.32 (+13.64%)

Transcript 10-Q8-K

Key Points

Positve

Steven Madden Ltd (SHOO) reported a 6.9% increase in consolidated revenue for Q3 2025 compared to the same period in 2024.
The company's direct-to-consumer segment saw a significant revenue increase of 76.6%, highlighting strong consumer demand.
The acquisition of Kurt Geiger has contributed positively, with the brand showing strong momentum and mid-teens growth in the third quarter.
The Steve Madden brand has seen accelerated sales trends, particularly in boots and dress shoes, driven by effective marketing and product design.
The company is making progress in expanding its brands internationally, with plans to grow Steve Madden in the UK and Kurt Geiger in international markets.

Negative

The company faced challenges due to new tariffs on Chinese imports, which led to shipment delays and increased costs, impacting revenue and earnings.
Wholesale revenue decreased by 10.7% compared to Q3 2024, with a more significant decline of 19% when excluding Kurt Geiger.
Gross margins were pressured by tariffs, with wholesale gross margin decreasing to 33.6% from 35.5% in the previous year.
Operating expenses increased significantly, impacting operating income, which fell to $46.3 million from $85.4 million in the prior year.
The company experienced a decline in net income, which dropped to $30.4 million from $64.8 million in Q3 2024, reflecting the financial pressures faced during the quarter.

Refinitiv StreetEvents Event Transcript
P R E L I M I N A R Y V E R S I O N

SHOO.OQ - Steven Madden Ltd
Q3 2025 Steven Madden Ltd Earnings Call
Nov 05, 2025 / 01:30PM GMT

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THIS TRANSCRIPT IS THE INITIAL PRELIMINARY VERSION WHICH LEVERAGES MACHINE LEARNING TECHNOLOGY. AS SUCH, PLEASE BE AWARE THERE MAY BE INACCURACIES IN THE TEXT DISPLAYED. FUTURE EDITED VERSIONS WILL BE REVIEWED FOR GREATER ACCURACY.

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Good day and thank you for standing by. Welcome to the Q3 2025, Steve Madden LTD earnings conference

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