Steve Madden Reports $559 Million Revenue for Q2 2025

Adjusted Performance Metrics Reflect Resilience Gross profit as a percentage of revenue stood at 40.4%, compared to 41.5% in the same period of 2024. Adjusted gross profit as a percentage of revenue reached 41.9% in the second quarter of 2025.

Operating expenses, impacted by tariffs, rose significantly with an adjusted operating expense ratio of 37.9% up from 31.1% in the 2024 period. Loss from operations totaled $40.3 million, or 7.2% of revenue, compared to income from operations of $46.9 million, or 9.0% of revenue, in 2024.

Adjusted income from operations was $22.6 million, or 4.0% of revenue, versus $54.5 million, or 10.4% of revenue, last year. Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “As anticipated, the second quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United States.

Our team continues to act with agility to mitigate near-term impacts while remaining focused on positioning the company for long-term growth by executing our strategy to deepen consumer connections through the combination of compelling product and effective marketing. The integration of Kurt Geiger is proceeding smoothly, and we…