Companies

Steve Madden lifts fiscal 2026 outlook again after strong second quarter

Aug 7, 2026 United States

The US-based designer and marketer of footwear and accessories has reported strong second-quarter results, raising its fiscal 2026 outlook for the second consecutive quarter

“We delivered robust top- and bottom-line growth in the second quarter, reflecting the strength of our brands and disciplined execution across the organization. The Steve Madden brand was the highlight, continuing to gain momentum as consumers responded enthusiastically to the trend-right assortments created by Steve and his design team”, said Edward Rosenfeld, Chairman and Chief Executive Officer.

Second-Quarter Results

In the second quarter of the 2026 financial year, which ended on the 30^thof June, Steve Madden recorded a revenue of 665.9 million US dollars, an increase of 19.1% compared to the same period of the last financial year.

The wholesale business generated 407.5 million US dollars during the quarter, reflecting a 13.0% year-on-year growth. Excluding Kurt Geiger, wholesale revenue grew by 11.5%. Meanwhile, the direct-to-consumer business generated 255.4 million US dollars, reflecting a 30.6% year-on-year increase. Excluding Kurt Geiger, direct-to-consumer revenue grew by 11.1%.

At the end of the quarter, the company had 382 company-operated physical retail stores, including 92 outlets, as well as eight e-commerce websites and 164 company-operated concessions in international markets.

In the second quarter of this year, both the gross margin and the adjusted gross margin stood at 46.5%. This is an increase on the figures for the same period in 2025, which were 40.4% and 41.9% respectively.

Steve Madden reported income from operations of 39.3 million US dollars in the second quarter, compared to a loss of 40.3 million US dollars in the same period a year ago. Adjusted income from operations stood at 44.5 million US dollars, up from 22.6 million US dollars in the same period last year.

The company’s net income in the second quarter totalled 27.7 million US dollars, or 0.38 US dollars per diluted share, an improvement on the net loss of 39.5 million US dollars, or 0.56 US dollars per diluted share, recorded in the same period a year ago.

Adjusted net income was 31.7 million US dollars, or 0.44 US dollars per diluted share, compared to 13.9 million US dollars, or 0.20 US dollars per diluted share, in the same period of 2025.

Fiscal 2026 Outlook

The company now expects that revenue in fiscal 2026 will increase by 11 to 13% compared to fiscal 2025, an increase on its previous guidance of 10 to 12%.

Full-year diluted earnings per share are expected to be in the range of 2.55 to 2.65 US dollars and adjusted diluted earnings per share are expected to be in the range of 2.05 to 2.15 US dollars; the latter is an increase on the previous guidance range of 2.00 to 2.10 US dollars.

Image Credits: stevemadden.com

United States Companies Footwear Quarter Results Results Steve Madden