Steven Madden, Ltd., a leading designer and marketer of fashion forward footwear, accessories and apparel, posted strong second quarter 2026 results, delivering double digit revenue growth and a return to solid profitability. The performance underscored the strength of the Steve Madden brand and disciplined execution across the business, giving management confidence to raise its 2026 outlook even against a mixed macro backdrop.
For the quarter ended June 30, 2026, revenue increased 19.1 percent to 665.9 million, up from 559.0 million in the same period of 2025. Gross profit as a percentage of revenue improved to 46.5 percent, compared to 40.4 percent a year earlier. On an adjusted basis, gross profit margin was also 46.5 percent, versus 41.9 percent in 2025, reflecting higher average selling prices, a smaller negative impact from tariffs and a lower penetration of private label. Operating expenses were 40.6 percent of revenue, down from 47.2 percent, while…
adjusted operating expenses were 39.8 percent of revenue, compared to 37.9 percent, indicating better leverage even as the company continued to invest in growth.
Income from operations totaled 39.3 million, or 5.9 percent of revenue, a sharp turnaround from a loss of 40.3 million, or negative 7.2 percent of revenue, in the prior year quarter. On an adjusted basis, income from operations reached 44.5 million, or 6.7 percent of revenue, compared with 22.6 million, or 4.0 percent, in 2025.
Net income attributable to Steven Madden, Ltd. was 27.7 million, or 0.38 per diluted share, versus a net loss of 39.5 million, or negative 0.56 per diluted share, a year earlier.
Adjusted net income rose to 31.7 million, or 0.44 per diluted share, up from 13.9 million, or 0.20 per diluted share, highlighting significant underlying improvement in profitability. In the wholesale business, revenue for second quarter 2026 was 407.5 million, an increase of 13.0 percent compared to the prior year period…
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