Steven Madden 2025 Q3 Earnings Net Income Dips 61.4% Despite Revenue Growth

Steven Madden (SHOO) reported fiscal 2025 Q3 earnings on Nov 11, 2025, with revenue rising 6.9% year-over-year to $667.88 million, though falling short of the Zacks Consensus Estimate of $698.91 million. Earnings per share (EPS) plummeted 62.8% to $0.29, missing the $0.44 consensus. The company maintained Q4 guidance of $680–$700 million revenue and $0.31–$0.35 EPS, reflecting cautious optimism about e-commerce growth and inventory optimization.

Revenue

Steven Madden’s total revenue grew 6.9% year-over-year to $667.88 million, driven by robust e-commerce performance. Wholesale revenue stood at $442.69 million, with footwear and accessories/apparel contributing $266.54 million and $176.15 million, respectively. Direct-to-Consumer (DTC) revenue surged to $221.50 million, while licensing added $3.67 million to the consolidated total.

Earnings/Net Income

The company’s EPS declined sharply to $0.29, a 62.8% drop from $0.78 in the prior year, while net income fell to $21.82 million, down 61.4% from $56.59 million. The substantial EPS decline reflects operational challenges, underscoring the need for strategic cost management to restore profitability.

Post-Earnings Price Action Review

The stock price of Steven Madden gained 2.99% during the latest trading day, surged 18.36% over the preceding full week, and climbed 20.53% month-to-date.

CEO Commentary

CEO Steven Madden emphasized strong demand for core footwear and apparel, particularly in e-commerce, which saw double-digit growth. He acknowledged inventory management challenges and supply chain constraints but highlighted investments in innovation and omnichannel capabilities. The CEO expressed cautious optimism about expanding premium segments and enhancing digital customer experiences.

Guidance

Steven Madden projected Q4 2025 revenue of $680–$700 million and EPS of $0.31–$0.35. The company aims to stabilize gross margins through pricing strategies and supply chain efficiencies, with CAPEX aligned to prior periods. Qualitatively, management expressed confidence in holiday sales and long-term growth through brand expansion and digital transformation.

Additional News

Steven Madden did not report significant non-earnings-related news, such as M&A activity, C-level changes, or dividend/buyback announcements, during the three weeks following the Q3 2025 earnings release. The company’s focus remained on operational performance and strategic initiatives outlined in the earnings report.