Steven Madden, Ltd. reported a total revenue of $559 million for the second quarter of 2025, marking a 6.8% increase from $523.6 million in the same period last year. This growth was primarily driven by the acquisition of Kurt Geiger, which contributed $88 million in revenue since its acquisition date on May 6, 2025. However, the company experienced a net loss of $39.5 million, a significant decline from a net income of $35.4 million in the prior year, largely due to increased operating expenses associated with the acquisition and other costs.
The company's gross profit for the quarter was $226 million, representing 40.4% of total revenue, down from 41.5% in the previous year. The decrease in gross margin was attributed to tariff-related impacts and a purchase accounting fair value adjustment of inventory related to the Kurt Geiger acquisition. Operating expenses surged to $263.9 million, or 47.2% of total revenue, compared to 31.3% in the prior year, reflecting costs associated with the acquisition and other operational expenses.
In terms of operational metrics, Steven Madden's inventory turnover ratio decreased to 4.6 times for the trailing four quarters, down from 5.7 times a year earlier. The company reported an average collection period for accounts receivable of 71 days, slightly improved from 73 days in the previous year. As of June 30, 2025, the company held $111.7 million in cash and cash equivalents, with total stockholders' equity at $863.4 million.
Strategically, the acquisition of Kurt Geiger aligns with Steven Madden's goals to expand its international footprint and diversify its product offerings beyond footwear. The company also entered into a new Amended and Restated Credit Agreement, providing a term loan facility of $300 million and a revolving credit facility of $250 million to finance the acquisition and support ongoing operations. Looking ahead, Steven Madden aims to navigate the challenging macroeconomic environment by focusing on product innovation, expanding its direct-to-consumer channels, and enhancing operational efficiency.
About STEVEN MADDEN, LTD.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.