Steve Madden reports higher Q1 revenue
US based brand Steven Madden reported revenue of $653.1 million (€605.8 million) for the first quarter ended March 31, 2026, an increase of 18% compared to the same period in 2025.
Net income attributable to the company reached $71.8 million (€66.6 million), compared to $40.4 million (€37.5 million) a year earlier. Adjusted net income fell to $32.1 million (€29.8 million), from $42.4 million (€39.4 million).
Chairman and chief executive officer Edward Rosenfeld said the company had made a “solid start” to the year, supported by demand across its brands and strong performances from the Steve Madden and Kurt Geiger London businesses.
Wholesale revenue increased 1% to $443.6 million (€411.8 million) in the quarter. Excluding Kurt Geiger, wholesale revenue declined 8.2%. Wholesale footwear revenue decreased 5.8%, while wholesale accessories and apparel revenue increased 15.1%.
Direct-to-consumer revenue rose 83.8% to $206 million (€191.2 million). Excluding Kurt Geiger, direct-to-consumer revenue increased 8%.
Gross profit as a percentage of revenue reached 54.7%, compared to 40.9% in the first quarter of 2025. Adjusted gross profit margin was 46.3%.
The company ended the quarter with 387 company-operated retail stores, including 95 outlet locations, alongside eight e-commerce websites and 162 international concessions.
