Steven Madden (NASDAQ:SHOO) Releases Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Steven Madden beat earnings expectations: Third-quarter EPS was $0.79, $0.06 above consensus and up 85% year over year. Revenue increased about 15% to $772.6 million but narrowly missed estimates.
• Management raised its 2026 outlook to revenue growth of 12%–13% and diluted EPS of $2.15–$2.20, citing strength across brands including Steve Madden and Dolce Vita.
• Some areas remain under pressure: Management expects fourth-quarter wholesale revenue to decline 6%–7%, while private-label revenue is forecast to fall at a mid-teens rate in 2026.

Steven Madden (NASDAQ:SHOO - Get Free Report) issued its quarterly earnings results on Thursday. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.06, FiscalAI reports. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. The firm had revenue of $772.61 million during the quarter, compared to the consensus estimate of $774.35 million. During the same quarter last year, the company posted $0.43 EPS. The company's revenue for the quarter was up 15.0% on a year-over-year basis.

Here are the key takeaways from Steven Madden's conference call:

• Third-quarter revenue rose 15.7% to $772.6 million and diluted EPS increased 85% to $0.79. The company raised its 2026 outlook to revenue growth of 12%–13% and diluted EPS of $2.15–$2.20.
• Growth was broad across brands: Steve Madden posted strong results across categories and channels, Dolce Vita delivered record third-quarter revenue, and Betsey Johnson is on track for low-teens annual growth. Management also raised its Dolce Vita forecast to low-double-digit growth.
• Wholesale revenue gained 19.4%, partly because shipments shifted back into the quarter after tariff-related disruptions affected the prior year. Management expects wholesale revenue to decline 6%–7% in Q4, while branded wholesale growth for the second half is still expected to be in the low double digits.
• Kurt Geiger’s growth moderated after an exceptionally strong first quarter: third-quarter DTC comps rose 6%, and the full-year revenue outlook is back to low-double-digit growth after previously being raised to mid-teens.
• Private-label revenue remains under pressure, with management expecting a mid-teens decline in 2026 and estimating the business will be down roughly $110 million–$115 million from 2024. Management’s near-term aim is to stabilize the business and be roughly flat next year.

Steven Madden Trading Up 1.3%

Shares of NASDAQ:SHOO traded up $0.51 on Friday, reaching $39.50. 3,111,064 shares of the company traded hands, compared to its average volume of 1,071,092. The business's 50-day simple moving average is $43.80 and its 200 day simple moving average is $41.41. Steven Madden has a 52 week low of $31.33 and a 52 week high of $49.70. The stock has a market capitalization of $2.89 billion, a P/E ratio of 24.18 and a beta of 1.14. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13.

Steven Madden Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 11th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, December 11th. Steven Madden's dividend payout ratio is presently 42.21%.

Steven Madden News Roundup

Here are the key news stories impacting Steven Madden this week:

• Positive Sentiment: Q3 profit beat and outlook raised: Steven Madden reported earnings of $0.79 per share, above analyst expectations. Revenue rose about 15% year over year, while wholesale sales increased 19.4% and margins improved. Management raised its 2026 sales and adjusted EPS outlook, giving investors reasons for optimism despite the slight revenue miss. SHOO Q3 Earnings Beat on Wholesale Strength, 2026 Outlook Raised
• Positive Sentiment: Bullish analyst view: BTIG reiterated its Buy rating and $55 price target, citing the strong quarter and raised outlook. BTIG Buy rating and price target
• Neutral Sentiment: Dividend declared: The company announced a quarterly dividend of $0.21 per share, equivalent to $0.84 annually. Steven Madden reports results and declares dividend
• Negative Sentiment: Revenue narrowly missed estimates: Quarterly revenue of $772.6 million came in slightly below the roughly $774 million consensus, tempering the earnings beat. Steven Madden raises 2026 profit outlook after Q3 earnings beat, sales miss
• Negative Sentiment: Some caution on valuation and risks: Needham lowered its price target to $45 while keeping a Buy rating; Jefferies’ Hold view points to risks that may limit enthusiasm. Jefferies analyst view on Steven Madden

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Telsey Advisory Group lifted their target price on shares of Steven Madden from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. BMO Capital Markets initiated coverage on Steven Madden in a research report on Tuesday, September 8th. They set an "outperform" rating and a $60.00 price target on the stock. Jefferies Financial Group raised Steven Madden from an "underperform" rating to a "hold" rating and set a $36.00 price target for the company in a research note on Friday. Capital One Financial set a $60.00 price objective on Steven Madden in a report on Tuesday, September 8th. Finally, Piper Sandler set a $55.00 price objective on Steven Madden and gave the company an "overweight" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Steven Madden presently has an average rating of "Moderate Buy" and a consensus target price of $52.20.

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.

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