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Steve Madden Q1 2025 Earnings Report
Steve Madden announced its first quarter 2025 financial results, including the completion of the Kurt Geiger acquisition.
Key Takeaways
Steve Madden reported a slight increase in revenue for Q1 2025, reaching $553.5 million, with adjusted EPS of $0.60. The company completed the acquisition of Kurt Geiger, adding a new growth engine, but withdrew its financial guidance due to macroeconomic uncertainty and new tariffs.
Revenue increased by 0.2% to $553.5 million compared to the same period in 2024.
Adjusted diluted EPS was $0.60, slightly down from $0.65 in Q1 2024.
The acquisition of UK-based Kurt Geiger was completed on May 6, 2025, for approximately £289 million in cash.
The company withdrew its 2025 financial guidance due to macroeconomic uncertainty and the impact of new tariffs.
Steve Madden
Steve Madden
Steve Madden Revenue by Segment
Revenue by Segment
Wholesale Revenue
CapyFin.comDirect-to-Consumer Revenue
CapyFin.com Forward Guidance
Steve Madden has withdrawn its 2025 financial guidance due to macroeconomic uncertainty and the impact of new tariffs on goods imported into the United States. The company is not providing new guidance at this time.
Positive Outlook
- Strong execution of strategy leading to earnings results exceeding expectations.
- Agile business model provides a competitive advantage in dynamic environments.
- Fortress balance sheet offers financial stability.
- Optimistic that current disruptions will create opportunities for market share gains.
- Acquisition of Kurt Geiger adds a powerful new growth engine and aligns with strategic initiatives for international markets, accessories, and direct-to-consumer channels.
Challenges Ahead
- Meaningful near-term headwinds are anticipated.
- Heightened uncertainty due to the impact of new tariffs on imported goods.
- Withdrawal of 2025 financial guidance previously provided.
- No new financial guidance is being provided at this time.
- Increased promotional activity impacted direct-to-consumer gross profit percentage.
Revenue & Expenses
Visualization of income flow from segment revenue to net income