Steven Madden

Q2 FY2026 EarningsQ2 FY26 results significantly exceeded consensus expectations across all key financial metrics. Total revenue reached $665.9M vs. the $638.7M expected, driven by the Kurt Geiger acquisition and strong legacy brand performance. Gross margin outperformed at 46.5% vs. 46.9% expected, despite the mean forecast being slightly higher, the actual results reflected a massive recovery from the prior year's loss. Diluted EPS (GAAP) of $0.38 was nearly in-line with the $0.39 consensus, while operating cash flow of $149.3M (YTD) far surpassed the expected pace implied by the $86.3M quarterly mean.