Steve Madden Lifts Outlook as Revenue Climbs 19.1% to $665.9 Million

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…