The footwear company raised its FY2026 revenue outlook after Q2 results exceeded analyst expectations.
Steven Madden reported Q2 non-GAAP EPS of $0.44, beating estimates by $0.11, as revenue rose 19.1% year-over-year to $665.9M. The result surpassed revenue expectations by $27.47M.
The company updated its FY2026 outlook, projecting revenue growth of 11%-13%, up from the prior 10%-12% range. Adjusted diluted EPS guidance was raised to $2.05-$2.15 from $2.00-$2.10, while diluted EPS remains unchanged at $2.55-$2.65.
Consensus estimates had pegged adjusted diluted EPS at $2.13 for the period.