Steve Madden Reports Q4 Revenue Growth Amid Tariff Concerns

Steve Madden reported a strong fourth-quarter performance, with revenue increasing 12% to $582.3 million, bolstered by growth in both its direct-to-consumer and wholesale divisions. For the full year 2024, the company saw a revenue increase of 15.2%, reaching $2.28 billion, and anticipates a further 17% to 19% growth in 2025, largely driven by the upcoming acquisition of Kurt Geiger. CEO Edward Rosenfeld acknowledged potential challenges ahead, particularly due to rising tariffs on Chinese imports, which could impact profitability. Despite these concerns, the company remains optimistic about its ability to adapt, as evidenced by its strong performance in international markets and non-footwear categories. Analysts have noted that while Steve Madden's short-term outlook is cautious, the long-term prospects appear promising with strategic acquisitions in play. Overall, the company's fourth-quarter earnings exceeded expectations, with adjusted earnings per share of 55 cents, outpacing estimates of 53 cents.