Steven Madden Q2 revenue beats on brand momentum, higher selling prices
Reuters2026/07/30 11:11
Overview
US footwear and accessories designer's Q2 revenue rose 19%, beating analyst expectations
Adjusted diluted EPS for Q2 beat analyst expectations
Company raised fiscal 2026 revenue and adjusted EPS guidance
Outlook
Steven Madden raises fiscal 2026 revenue growth guidance to 11%-13% from 10%-12%
Company increases fiscal 2026 adjusted diluted EPS guidance to $2.05-$2.15 from $2.00-$2.10
Steven Madden maintains fiscal 2026 GAAP diluted EPS guidance at $2.55-$2.65
Result Drivers
BRAND MOMENTUM - Co said the Steve Madden brand continued to gain momentum as consumers responded to trend-right assortments, per CEO Edward Rosenfeld
HIGHER SELLING PRICES - Co said higher average selling prices and reduced promotional activity drove improved gross margins in both wholesale and direct-to-consumer channels
CHANNEL GROWTH - Co said both wholesale and direct-to-consumer channels delivered strong revenue growth in Q2
Company press release: ID:nBwkpTHFa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Sales |
Beat |
$662.91 mln |
$636.06 mln (9 Analysts) |
Q2 Adjusted EPS |
Beat |
$0.44 |
$0.32 (9 Analysts) |
Q2 EPS |
|
$0.38 |
|
Q2 Net Income |
|
$27.93 mln |
|
Q2 Gross Profit |
|
$309.66 mln |
|
Q2 Operating Expenses |
|
$270.34 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the footwear peer group is "buy"
Wall Street's median 12-month price target for Steven Madden Ltd is $49.00, about 12.9% above its July 29 closing price of $43.40
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
July 28 - Rocky Brands Q2 profit beats on on tariff refunds, strong demand
July 29 - Boot Barn Q1 sales beat estimates on e-commerce growth
July 29 - VF Corp beats Q1 revenue estimates, raises FY27 outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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