Overview

• Steven Madden recorded a $39.5 million net loss for the quarter ended June 30, reversing a year-ago profit of $35.4 million on revenues of $559.0 million
• The company attributed the swing to new U.S. import tariffs on footwear and has suspended its full-year 2025 outlook for a second time
• Fall 2025 sourcing plans aim to cut China’s share of U.S. imports to 30 percent from 71 percent last year by shifting production to Brazil and other markets
• Integration of the May-closed Kurt Geiger acquisition is proceeding smoothly and helped drive a 43.3 percent rise in direct-to-consumer revenue
• Average price increases of around 10 percent on select merchandise have been introduced and met with early positive consumer acceptance