Steve Madden Q3 net income falls 63% to $0.29 EPS; revenue +6.9% to $668M

STEVEN MADDEN, LTD.

2025-Q3 EPS reported $0.30 revenue$1,780,409,000

GAAP diluted EPS $0.29 vs $0.77 YoY; adjusted EPS $0.43 vs $0.91.
Total revenue $667.9M (+6.9% YoY); wholesale down 10.7% to $442.7M; DTC up 76.6% to $221.5M.
Wholesale revenue declined 19.0% excluding recently acquired Kurt Geiger.
Operating margin fell to 4.7% from 11.9% due to new tariffs on imported goods.
Q4 guidance: revenue +27-30%; GAAP EPS $0.30-0.35; adjusted $0.41-0.46.

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