Steven Madden, Ltd.
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Range $45 – $56
Price Chart
About the company
Steven Madden, Ltd. (SHOO) is a prominent global fashion company dedicated to the design, production, marketing, and sale of contemporary footwear, accessories, and apparel. The firm offers both its own branded products and private label items, catering to women, men, and children across both domestic U.
- CEO
- Edward R. Rosenfeld
- IPO
- 1993
- Employees
- 6,300
- HQ
- Long Island City, NY, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $3.35B
- P/E
- 22.66
- Fwd P/E
- 20.89
- PEG
- 0.39
- P/S
- 1.22
- P/B
- 3.47
- EV/EBITDA
- 14.89
- Div Yield
- 1.84%
- Gross Margin
- 46.06%
- Op Margin
- 7.40%
- Net Margin
- 5.23%
- ROE
- 16.05%
- ROIC
- 10.97%
Latest fiscal year · YoY change
- Revenue
- $2.52B+10.5%
- Gross Profit
- $1.04B+10.7%
- Op Income
- $68.90M
- Net Income
- $44.66M-73.6%
- EPS
- $0.63-73.5%
- OCF Growth
- -18.1%
- FCF Growth
- -30.6%
- 52W High
- $49.70
- 52W Low
- $26.05
- 50D MA
- $44.29
- 200D MA
- $40.70
- Beta
- 1.17
- RSI (14)
- 49
- Avg Volume
- 1.09M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Steve Madden posted strong Q2 2026 growth with higher margins and raised full-year revenue and EPS guidance, helped by momentum in the core Steve Madden, Kurt Geiger, and Dolce Vita brands.· July 30, 2026
- Revenue rose 19.1% to $665.9 million, with diluted EPS more than doubling to $0.44 from $0.20 a year ago.
- Gross margin expanded to 46.5% from 41.9%, driven by both wholesale and DTC improvements, while operating income rose to $44.5 million.
- Steve Madden brand momentum was a standout: global comp sales rose 9%, U.S. searches were up 71%, and management raised full-year Steve Madden brand revenue expectations to high single-digit growth.
- Kurt Geiger stores in the U.S. are performing well, with 7 full-price stores now open and a 12% comp store sales gain; Dolce Vita also had an outstanding quarter and guidance was raised.
- Full-year guidance was lifted to 11% to 13% revenue growth and $2.05 to $2.15 diluted EPS, though management flagged freight, tariffs, and private label as ongoing pressures.
Second-quarter consolidated revenue was $665.9 million, up 19.1% year over year, or up 11.2% excluding Kurt Geiger. Wholesale revenue was $407.5 million, up 13%, and DTC revenue was $255.4 million, up 30.6%. Consolidated gross margin was 46.5% versus 41.9% last year; wholesale gross margin was 35.2% versus 30.9%; DTC gross margin was 64% versus 61.3%. Operating income was $44.5 million versus $22.6 million, and net income attributable to Steve Madden was $31.7 million, or $0.44 per diluted share, versus $13.9 million, or $0.20 per share. For 2026, management raised revenue guidance to 11% to 13% growth from 10% to 12%, and diluted EPS to $2.05 to $2.15 from $2.00 to $2.10. Management said Q3 should contribute more than Q4 to back-half revenue and earnings, and expects year-over-year gross margin improvement each quarter, though less pronounced than in the first half.
Ed Rosenfeld said the quarter reflected strong execution and a healthy consumer response to trend-right product across the portfolio. He highlighted particularly strong momentum in Steve Madden footwear, handbags, and Kurt Geiger’s U.S. store rollout, plus an “outstanding” quarter for Dolce Vita. His tone was optimistic but measured: he emphasized that while the company is seeing strong organic momentum, the consolidated growth outlook also reflects the anniversary of Kurt Geiger and some freight pressure.
Zine Mazouzi focused on the financial lift from higher revenue and margin expansion, citing consolidated gross margin of 46.5%, operating expenses at 39.8% of revenue, and operating income of $44.5 million. She also detailed the balance sheet improvement from $92.1 million in tariff refunds, which helped reduce debt to $124.8 million against $94.7 million in cash, for net debt of $30.1 million. On capital allocation, she noted no open-market share repurchases in the quarter, about $1 million spent on stock-award net settlements, CapEx of $8.5 million, and a quarterly dividend of $0.21 per share.
Analysts pressed on why full-year guidance implies a more modest second half, and management said the revenue raise is mostly about stronger forward momentum, while the Q2 beat came mainly from gross margin. They also explained that guidance now includes about $0.06 of added freight pressure because the Middle East conflict has lasted longer than expected and is forcing more air freight. Other questions focused on DTC versus wholesale, private label, and Nordstrom’s anniversary sale; management said DTC trends remain strong, wholesale branded business was up 20% in Q2 with reorders, and Nordstrom was a “phenomenal” event with broad sell-through strength, especially in Steve Madden women’s footwear.
The call showed broad-based brand momentum, with strong consumer response in Steve Madden, Kurt Geiger, and Dolce Vita, plus improved handbag sales and better sell-through at wholesale and DTC. Management also sounded confident about brand building, citing rising online search interest, store productivity, and raised brand-level revenue expectations.
Management flagged several pressures that could temper the back half, including freight costs tied to the Middle East conflict, tariff-related cost pressure, and ongoing weakness in private label, which they expect to be down mid- to high teens for the year. They also said international comp sales were affected by conflict in the Middle East and noted that some of the full-year growth slowdown is simply the anniversary of Kurt Geiger’s acquisition.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 97.6%
- Shares Outstanding
- 73.09M
- Float Shares
- 71.36M
of shares held by institutions
295 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for SHOO, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Thom TillisSenate · NC | Sell | Feb 13, 15 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 11.31M | ▲ 509.88K |
| Vanguard Group Inc | 8.18M | ▼ 102.77K |
| Fmr LLC | 7.12M | ▼ 882.10K |
| Vanguard Capital Management LLC | 3.29M | ▲ 41.79K |
| State Street Corp | 2.90M | ▲ 139.27K |
| Macquarie Management Holdings, Inc. | 2.69M | ▼ 99.73K |
| Dimensional Fund Advisors LP | 2.41M | ▲ 61.54K |
| Goldman Sachs Group Inc | 2.27M | ▲ 542.75K |
| Geode Capital Management, LLC | 1.91M | ▼ 115.68K |
| T. Rowe Price Investment Management, Inc. | 1.90M | ▼ 117.53K |
| Morgan Stanley | 1.72M | ▼ 1.34M |
| Nuveen, LLC | 1.62M | ▲ 582.45K |
Held by 357 ETFs
Biggest fund positions in SHOO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 5, 26 | VARELA AMELIA | sell | 15,000 |
| Aug 5, 26 | Reed Arian Simone | sell | 1,250 |
| Aug 5, 26 | KLIPPER MITCHELL S | sell | 3,918 |
| Aug 4, 26 | Ferrara Al | sell | 3,918 |
| Aug 4, 26 | Davis Peter Allan | sell | 525 |
| Aug 1, 26 | Keith Lisa | other | 581 |
| Jun 15, 26 | MIGLIORINI PETER | sell | 4,000 |
| Jun 15, 26 | Reed Arian Simone | sell | 1,100 |
| Jun 9, 26 | Ciglar Christina | sell | 5,147 |
| Mar 13, 26 | Ciglar Christina | other | 0 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our SHOO coverage
Recent articles, reports, and earnings notes.
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