Steven Madden Q2 revenue beats on brand momentum, higher selling prices

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

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.)