SHOONasdaqFootwear, (No Rubber)US GAAP · USD

Steven Madden, Ltd

Steven Madden, Ltd. designs, sources, markets, and distributes fashion footwear, accessories, and apparel under its own brands and private-label programs. The company sells through wholesale partners and direct-to-consumer channels across the United States and a broad international footprint, including the United Kingdom, Europe, Canada, Mexico, and other overseas markets through joint ventures and distribution arrangements.

Liikevaihto2 534milj. USD
+11,0 %v/v
Liikevoitto (EBIT)80,8milj. USD
−64,1 %v/v
EBIT-marginaali3,2%
−6,7 %-yks.v/v
Nettotulos49,0milj. USD
−71,1 %v/v
Vapaa kassavirta120milj. USD
−30,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1 00001 0002 0003 000milj. USD2020: 1 202 milj. USD2020: EBIT −32 milj. USD20202021: 1 866 milj. USD2021: EBIT 244 milj. USD20212022: 2 122 milj. USD2022: EBIT 282 milj. USD20222023: 1 982 milj. USD2023: EBIT 213 milj. USD20232024: 2 283 milj. USD2024: EBIT 225 milj. USD20242025: 2 534 milj. USD2025: EBIT 81 milj. USD20252 53481
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Wholesale Footwear41 %

Branded and private-label footwear sold through retail and distribution partners.

Wholesale Accessories/Apparel26 %

Handbags, accessories, and apparel sold through wholesale channels.

Direct-to-Consumer33 %

Company-operated stores, concessions, and e-commerce sales to end consumers.

Asiakkaat

Steven Madden sells to a wide mix of wholesale accounts, including department stores, mass merchants, off-price chains, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. Its direct-to-consumer business serves fashion-oriented consumers through stores, concessions, and digital channels, with the core Steve Madden consumer generally spanning ages 18 to 40.

Wholesale retail partners

Department stores, mass merchants, off-price chains, shoe chains, and clubs buy branded footwear and accessories for resale.

E-commerce and online retailers

Digital retail partners and marketplaces buy products for online assortment and fast consumer reach.

Direct-to-consumer shoppers

Consumers purchase through company stores, concessions, and e-commerce for brand-led fashion products.

International distributors and joint ventures

Local partners buy or distribute products in licensed territories to expand market access.

Strategia

Steven Madden’s strategy centers on trend-right product, faster response to fashion demand, and broader brand reach across footwear, accessories, and apparel. The company is also focused on expanding international markets and direct-to-consumer channels while strengthening its core wholesale business.

Product-led merchandising and speed-to-marketLyhyt aikaväli

Fashion footwear depends on anticipating trends and getting the right styles to market quickly.

International expansionKeskipitkä aikaväli

Broader geographic reach diversifies demand and extends brand monetization beyond the U.S.

Direct-to-consumer and digital growthKeskipitkä aikaväli

Owning the consumer relationship supports brand control, data capture, and margin mix.

Category expansion beyond footwearPitkä aikaväli

Accessories and apparel broaden the addressable market and reduce dependence on shoes alone.

Maantiede

Q1/2026

The company sells in the United States and internationally, with meaningful activity in the United Kingdom, Europe, Canada, Mexico, South Africa, the Middle East, Israel, Australia, Latin America, and parts of Asia-Pacific. Geography matters because the business relies on cross-border sourcing, local distribution partners, and consumer demand across multiple retail markets.

Other countries (US filing)100 %

Riskit

The business is exposed to fast-changing fashion demand, retailer concentration, and intense competition in footwear and accessories. It also faces sourcing and tariff risk because products are globally sourced, plus execution risk around acquisitions, joint ventures, and the dependence on key brand leadership.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Tariffs and global sourcing disruption1Rapid changes in consumer preferences2Retail customer concentration and consolidation3Key person dependence4Acquisition and joint venture integration5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Tariffs and global sourcing disruptionVaikutus: KorkeaTodennäköisyys: Korkea

    Products are sourced internationally, so trade policy changes can raise costs and disrupt supply.

    KohdistuuChinaCambodiaVietnamBrazilIndiaBangladeshOther sourcing countries
  2. Rapid changes in consumer preferencesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Fashion footwear and accessories require accurate trend forecasting and quick response.

    Kohdistuu: Brand assortment and inventory planning

  3. Retail customer concentration and consolidationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A broad wholesale model depends on large retailers that may merge, close stores, or reduce orders.

    Kohdistuu: Wholesale channel

  4. Key person dependenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The brand and design identity are closely tied to founder leadership and creative direction.

    Kohdistuu: Steve Madden brand and corporate strategy

  5. Acquisition and joint venture integrationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    New businesses must be integrated across systems, compliance, and operations to realize value.

    Kohdistuu: Kurt Geiger and international joint ventures

Kirjanpito

Harkinnanvaraiset erät
Revenue reserves and variable consideration

Markdowns, chargebacks, co-op advertising, and returns reduce recognized revenue in wholesale.

Vaikutus: Affects net sales and gross margin timing

Inventory valuation

Fashion products can lose value quickly if styles miss demand or become seasonal leftovers.

Vaikutus: Can create write-downs and margin volatility

Goodwill and intangible asset impairment

Acquisitions such as Kurt Geiger add goodwill and brand intangibles that must be tested for impairment.

Vaikutus: Could produce non-cash charges if performance weakens

Allowance for doubtful accounts

Wholesale receivables depend on retailer health and collectability assumptions.

Vaikutus: Affects operating expenses and balance-sheet reserves

Contingent payment liabilities

Acquisition-related earnouts are remeasured based on expected outcomes.

Vaikutus: Can create earnings volatility

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Steven Madden, Ltd (SHOO) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo