Filing Flows › Steven Madden (SHOO) › Q1 2025
Steven Madden (SHOO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Steven Madden (SHOO) reported revenue of $554M for the first quarter 2025 (Q1 2025), +0.2% from a year earlier and -5% from the quarter before. Operating margin was 9.7%, net earnings $40.4M (7.3% of revenue).
Steven Madden, Q1 2025: revenue $554M (+0.2% year over year), operating margin 9.7%, net earnings $40.4M, operating cash flow −$18.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $554M | -5% | +0.2% |
| Gross profit | $226M | -4% | +0.6% |
| Operating profit | $53.5M | +14% | -6% |
| Net earnings | $40.4M | +16% | -9% |
| Operating cash flow | −$18.8M | — | — |
What changed
Revenue was $553.5M in Q1 2025, roughly flat year over year and down 5% from the previous quarter.
Gross margin was 40.9%, up 0.2 points from a year earlier. Operating profit was $53.5M, a 9.7% margin (down 0.6 points year over year). Operating profit fell $3.2M even though revenue rose $1.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 3% against flat revenue. Net earnings were $40.4M, down 9% year over year. The effective tax rate was 24.1%.
Operating cash flow was −$18.8M. Non-cash charges added back $5.3M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items used $72.5M. Capital expenditures of $9.8M exceeded it, leaving free cash flow of −$28.7M.
Questions
What was Steven Madden's revenue in the first quarter 2025?
Steven Madden (SHOO) reported revenue of $554M for the first quarter 2025 (Q1 2025), +0.2% from a year earlier and -5% from the quarter before.
Was Steven Madden profitable in the first quarter 2025?
Operating profit was $53.5M (9.7% of revenue) and net earnings $40.4M.
Source: Steven Madden 10-Q on SEC EDGAR.