Steve Madden shares jump as acquisitions drive 18% revenue surge

Steven Madden (NASDAQ:SHOO) delivered a robust start to fiscal 2026, posting double-digit revenue growth that significantly outpaced the broader apparel and footwear sector.

The Long Island City-based company reported first-quarter revenue of $653.1 million, an 18% increase compared to the same period in 2025, driven by strong wholesale demand and the continued scaling of its international business.

The company’s profitability remained healthy as it balanced growth with disciplined inventory management.

GAAP net income for the quarter reached $71.8 million, resulting in a diluted earnings per share (EPS) of $1.

On an adjusted basis, which excludes certain non-recurring items and acquisition-related impacts, diluted EPS stood at $0.45.

Based on the strong quarterly performance and positive momentum in the wholesale channel, Steve Madden raised its fiscal 2026 revenue guidance.

The company now expects revenue to increase between 10% and 12% compared to fiscal 2025.

Additionally, management introduced full-year EPS guidance, forecasting GAAP diluted EPS in the range of $2.55 to $2.65 and adjusted diluted EPS between $2 and $2.10.