STEVE MADDEN: Q3 SALES JUMP 15.7% TO $772.6 MILLION, GUIDANCE LIFTED ON BRAND MOMENTUM

Steven Madden Ltd. on Thursday reported a 15.7% jump in third-quarter revenues to $772.6 million, with strong growth across all brands and channels — and a net income more than doubling to $52.4 million from $20.5 million in the prior-year period. Wholesale business revenue rose 19.4% to $528.7 million, with wholesale footwear up 21% and wholesale accessories/apparel up 17%. Direct-to-consumer revenue climbed 8% to $239.2 million. "We delivered an outstanding third quarter, with strong growth across our brands and channels," said chairman and CEO Edward Rosenfeld. "The Steve Madden brand was a particular highlight, as our trend-right product assortments and compelling marketing continue to resonate with consumers and drive strong momentum. We are also pleased with the performance across the broader brand portfolio, reflecting our team's disciplined execution of our strategy." Based on the strength of Q3 and momentum across its brands, the company raised its fiscal 2026 guidance: revenue growth is now expected at 12–13%, up from the previous 11–13% range. Diluted earnings per share are expected between $2.58 and $2.63.