The American fashion company Steven Madden Ltd. achieved a sales increase of 6.9 percent to 667.9 million US dollars (614.5 million euros) in the third quarter of the 2025 financial year.
However, profitability was impacted by the impact of higher import tariffs. The net profit adjusted for special effects, which was 64.8 million US dollars in the same period of the previous year, fell to 30.4 million US dollars (28.0 million euros). Overall, the most recent quarter was “challenging,” admitted CEO Edward Rosenfeld in an interim statement published on Wednesday.
Adjusted for contributions from the recently acquired Kurt Geiger brand, sales in the wholesale business fell by 19 percent. The company’s own retail sector, however, achieved an increase of 1.5 percent. The adjusted gross margin was negatively impacted by the tariff increases in both the wholesale and retail segments.
Nevertheless, Rosenfeld was satisfied with the underlying demand for the company’s products. In particular, the positive response to the fall collections of the main brand Steve Madden made him confident.
The company expects stronger results starting in the fourth quarter. It predicts a 27 to 30 percent increase in sales. Measures to mitigate customs burdens as well as Kurt Geiger’s proceeds should contribute to this. At the end of the quarter, the company operated 397 stores, including 99 outlets. There were also seven e-commerce websites and 133 concessions in international markets.
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