Steven Madden Reports Q1 Earnings Growth Amid Sales Miss

Steven Madden reported flat year-over-year Q1 revenue at approximately $553.5 million but delivered a non-GAAP profit of $0.60 per share, significantly surpassing analyst expectations. Despite the earnings beat, the company missed revenue estimates and has faced a sharp decline in share price, dropping about 52.7% since the start of the year. Analysts generally rate the stock as a 'Hold,' with price targets ranging widely but averaging around $30–$32, reflecting uncertainty about the company's near-term prospects. CEO Edward Rosenfeld highlighted proactive strategies, such as relocating production to mitigate tariff impacts, and expressed optimism about long-term growth opportunities despite ongoing industry headwinds. Steven Madden’s long-term revenue growth has been relatively modest, but management points to their agility and strong balance sheet as competitive advantages. The company also continues to pay a quarterly dividend, signaling ongoing shareholder returns.