Steven Madden reported third quarter 2026 revenue of $772.6 million, a 15.7% year-over-year increase that exceeded analyst expectations. The outperformance was fueled by strong double-digit growth in the wholesale channel and significant gross margin expansion, prompting management to raise the company's full-year 2026 revenue and adjusted earnings guidance.
Key Highlights
- Wholesale revenue climbed 19.4% to $528.7 million, with wholesale footwear specifically increasing 21.0% and accessories/apparel rising 17.0%.
- Gross profit margin expanded to 44.6% from 41.5% in the prior year, driven by strong underlying wholesale performance and a smaller negative impact from tariffs.
- Full-year 2026 guidance was raised, with the company now expecting revenue growth of 12% to 13% and adjusted diluted EPS between $2.15 and $2.20.