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Dec 31, 2024
Steve Madden Q4 2024 Earnings Report
Steve Madden reported earnings results at the high end of its guidance range for Q4 2024 and full year 2024.
Key Takeaways
Steve Madden announced its Q4 and full year 2024 results, with revenue increasing 15% and Adjusted diluted EPS increasing 9% for the year. The company is cautious on the near-term outlook due to new tariffs but anticipates growth with the pending acquisition of Kurt Geiger.
Revenue for the wholesale business increased by 13.6% compared to Q4 2023.
Wholesale footwear revenue increased by 1.0%, while wholesale accessories/apparel revenue increased by 35.4%.
Direct-to-consumer revenue increased by 8.4% compared to Q4 2023, driven by increases in both brick-and-mortar and e-commerce businesses.
The company ended the year with 291 Company-operated brick-and-mortar retail stores and five e-commerce websites, as well as 42 Company-operated concessions in international markets.
Revenue by Segment
Forward Guidance
For 2025, the Company expects revenue will increase 17% to 19% compared to 2024. The Company expects diluted EPS will be in the range of $2.30 to $2.40. This outlook assumes the Kurt Geiger acquisition closes on May 1, 2025.
Challenges Ahead
- The company is cautious on the near-term outlook, as it faces meaningful headwinds in 2025, most notably the impact of new tariffs on goods imported into the United States.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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