---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-015857"
form_type: "8-K"
ticker: "SHOO"
cik: "0000913241"
company_name: "STEVEN MADDEN, LTD."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T11:30:01.469485+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Steven Madden Q1 revenue down 17% to $463.8M; EPS $0.48 vs $0.94; boosts buyback by $189.9M

## Summary
- Q1 revenue $463.8M (-17.1% YoY); net income $36.7M ($0.48 diluted EPS) vs $74.5M ($0.94) prior year.
- Adjusted EPS $0.50 vs $0.92; company says results slightly ahead of expectations.
- Wholesale revenue -19.3%; DTC -8.1%; gross margin improved to 42.1% from 40.7%.
- Board authorized $189.9M increase in share repurchase program, total $250M; Q1 repurchased $38.5M.
- Quarterly cash dividend $0.21/share declared, payable June 23, record June 12.

## SEC filing metadata
- accession: 0001493152-23-015857
- form_type: 8-K
- ticker: SHOO
- cik: 0000913241
- company_name: STEVEN MADDEN, LTD.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/913241/000149315223015857/0001493152-23-015857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/913241/000149315223015857/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-015857
- JSON: https://secwatch.observer/filing/0001493152-23-015857.json
- Plain text: https://secwatch.observer/filing/0001493152-23-015857.txt

## Key facts
- Earnings Releases
  STEVEN MADDEN, LTD. reported first quarter ended March 31, 2023 results: revenue $463.8 million, net income $36.7 million, EPS $0.48 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $463.8 million
  - Net income: $36.7 million
  - EPS: $0.48 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: are non-GAAP measures that exclude the items defined as “Non-GAAP Adjustments” in the “Non-GAAP Reconciliation” section. First Quarter 2023 Results ● Revenue decreased 17.1% to $463.8 million compared to $559.7 million in the same period of 2022. ● Gross profit as a percentage of revenue was 42.1% compared to 40.7% in the same period of 2022. ● Operating expenses as
  evidence_url: https://www.sec.gov/Archives/edgar/data/913241/000149315223015857/0001493152-23-015857-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.