Steven Madden Adjusted EPS of $0.79 Beats Third-Quarter Estimates
Key Facts
Steven Madden reported adjusted earnings of $0.79 per share in the third quarter of 2026, beating analysts’ estimate of $0.75, according to data cited by Investing.com. Revenue, however, fell short of expectations, totaling $772.6 million compared with consensus of $776.83 million. The results were mixed, with adjusted earnings beating estimates while revenue missed market forecasts. The company’s shares, which trade under the ticker SHOO, closed at $38.99 on Nov. 5, according to EL7 data. The stock fell 17% in the same session, according to historical Investing.com data.
Across sales channels, direct-to-consumer revenue reached $239.2 million, up 8% year over year in the third quarter, according to the earnings-call transcript published by The Motley Fool. Comparable sales for the Steve Madden brand worldwide rose 7% during the period. Performance varied by market: comparable sales for the brand increased 16% in the United States, while international sales fell 2%. The figures show a divergence between sales growth in the U.S. market and the decline internationally. The available transcript did not provide a numerical breakdown of the impact of regional differences on total revenue.
Two other brands also posted comparable-sales growth in the quarter, according to the call transcript. Dolce Vita comparable sales rose 26%, while Kurt Geiger comparable sales increased 6%. The results put the brands’ performance alongside 7% growth in Steve Madden’s global sales, with growth rates varying across the brands. The available figures did not include separate revenue totals for Dolce Vita and Kurt Geiger. The comparison between them is therefore limited to the comparable-sales growth rates reported by management.
For wholesale, management said growth was 19.4% in the third quarter, according to a quote in the earnings-call transcript. It added that some shipments were more evenly timed than in the prior year. In 2025, disruptions related to tariffs shifted some shipments from the third quarter into the fourth quarter, the chief financial officer said. This means shipment timing in the prior year factored into the comparison between the two periods, while current guidance points to a wholesale decline in the fourth quarter. Management said: "We delivered 19.4% wholesale growth in the third quarter, and we will be down 6% or 7% in the fourth quarter."
Management expects wholesale revenue to decline 6% to 7% in the fourth quarter of 2026, according to the call transcript. It linked its forecast to a comparison base affected in the prior year by shipments moving from the third quarter into the fourth because of tariff-related disruptions. The expected trajectory follows 19.4% wholesale growth in the third quarter, showing the differing outlooks for the two periods. On the earnings announcement session, the stock fell 17% and ended trading at $38.99. The available information did not specify a later date for the company or provide numerical details for its full-year outlook.