Latest news with #StevenMadden
Yahoo
11-06-2025
- Business
- Yahoo
SHOO Q1 Earnings Call: Tariffs Drive Strategy Shift, Kurt Geiger Acquisition Adds Growth Potential
Shoe and apparel company Steven Madden (NASDAQ:SHOO) missed Wall Street's revenue expectations in Q1 CY2025, with sales flat year on year at $553.5 million. Its non-GAAP profit of $0.60 per share was 31.7% above analysts' consensus estimates. Is now the time to buy SHOO? Find out in our full research report (it's free). Revenue: $553.5 million vs analyst estimates of $559.1 million (flat year on year, 1% miss) Adjusted EPS: $0.60 vs analyst estimates of $0.46 (31.7% beat) Adjusted EBITDA: $61.33 million vs analyst estimates of $49.57 million (11.1% margin, 23.7% beat) Operating Margin: 9.7%, in line with the same quarter last year Locations: 314 at quarter end, up from 253 in the same quarter last year Market Capitalization: $1.8 billion Steven Madden's first quarter performance was shaped by persistent headwinds in the footwear and accessories industry and the company's rapid response to shifting market dynamics. CEO Ed Rosenfeld highlighted that while sales trends were sluggish early in the quarter, demand improved markedly in March as seasonal product assortments resonated with consumers. The company credited its product and marketing teams for supporting demand through targeted campaigns, such as the "House of Steve" initiative. Rosenfeld also acknowledged heightened uncertainty from new U.S. tariffs on imports, noting, 'Our team moved swiftly to adapt to the changing landscape with a focus on mitigating near-term impacts while positioning the company for long-term growth.' Looking ahead, management is focused on mitigating the impact of tariffs by accelerating supply chain shifts away from China, implementing selective price increases, and seeking operational efficiencies. Rosenfeld emphasized that while the company faces near-term challenges, it is leveraging its ability to pivot production and maintain supplier relationships to protect market share. The acquisition of Kurt Geiger is seen as a strategic addition, with Rosenfeld stating, 'We believe the agility of our business model, combined with our fortress balance sheet, gives us a competitive advantage in dynamic environments like this one.' However, the company withdrew its annual financial guidance due to ongoing uncertainty, underscoring the need for close monitoring of consumer demand and tariff developments. Management attributed the quarter's performance to disciplined execution in product assortment, rapid supply chain adjustments, and early action in response to tariff impacts. Seasonal product success: The launch of spring assortments was well received by consumers, especially as weather improved in March, helping reverse sluggish sales seen earlier in the quarter. Increased marketing investment, including the 'House of Steve' campaign, supported brand engagement. Accelerated supply chain shift: In response to new tariffs, Steven Madden rapidly reduced its reliance on China for U.S. imports, moving much of its fall 2025 production to countries such as Vietnam, Cambodia, Mexico, and Brazil. Management noted that, by spring 2026, less than 10% of sourcing for U.S. imports (excluding Kurt Geiger) is expected to come from China. Price increases and demand monitoring: The company has begun raising prices selectively across products and brands, with average increases around 10%. Management is closely monitoring demand elasticity to ensure competitiveness and will adjust pricing strategies as needed. Inventory and logistics adjustments: Inventory levels rose, driven by longer lead times from supply chain diversification and efforts to accelerate shipments ahead of tariff implementation. Management stated this was a proactive measure to manage disruption and maintain product availability. Kurt Geiger acquisition: The purchase of Kurt Geiger, a London-based accessories brand, was completed. The brand's momentum, especially in U.S. digital channels and international expansion, is expected to support long-term growth, though management acknowledged that 80% of its sourcing is currently from China, requiring a similar transition strategy. Management expects future performance to be influenced by tariff-related cost pressures, supply chain transitions, and the integration of Kurt Geiger. Tariff impact and mitigation: The company anticipates further gross margin pressure as tariffs on imports take full effect, particularly as it cycles through higher-cost inventory. Management is pursuing supplier negotiations, price increases, and operational efficiencies to offset these headwinds. Kurt Geiger integration: Leveraging Kurt Geiger's digital and physical retail expansion in the U.S., as well as international growth opportunities, is a strategic priority. Management aims to align sourcing practices with Steven Madden's transition away from China to reduce future tariff exposure. Consumer demand and promotional activity: There is uncertainty regarding consumer response to higher prices and later product deliveries caused by longer lead times. Management highlighted that direct-to-consumer performance was mixed in April and indicated a cautious outlook on consumer confidence, requiring ongoing assessment of trends and promotional needs. In future quarters, the StockStory team will track (1) the pace at which Steven Madden reduces China-based sourcing across both legacy and Kurt Geiger brands, (2) the effect of price increases and shifting supply chains on gross margin and sales trends, and (3) execution on U.S. and international expansion plans, especially for Kurt Geiger. Progress on integrating Kurt Geiger's operations and adapting to ongoing tariff developments will also be key signposts. Steven Madden currently trades at a forward P/E ratio of 13.5×. At this valuation, is it a buy or sell post earnings? See for yourself in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
Yahoo
10-06-2025
- Business
- Yahoo
Footwear Stocks Q1 Highlights: Steven Madden (NASDAQ:SHOO)
As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the footwear industry, including Steven Madden (NASDAQ:SHOO) and its peers. Before the advent of the internet, styles changed, but consumers mainly bought shoes by visiting local brick-and-mortar shoe, department, and specialty stores. Today, not only do styles change more frequently as fads travel through social media and the internet but consumers are also shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some footwear companies have made concerted efforts to adapt while those who are slower to move may fall behind. The 8 footwear stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 5.5% on average since the latest earnings results. As seen in the infamous Wolf of Wall Street movie, Steven Madden (NASDAQ:SHOO) is a fashion brand famous for its trendy and innovative footwear, appealing to a young and style-conscious audience. Steven Madden reported revenues of $553.5 million, flat year on year. This print fell short of analysts' expectations by 1%, but it was still an exceptional quarter for the company with an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. Edward Rosenfeld, Chairman and Chief Executive Officer, commented, 'We were pleased with our performance in the first quarter, as our team's strong execution of our strategy enabled us to deliver earnings results that significantly exceeded expectations. Looking ahead, we face meaningful near-term headwinds and heightened uncertainty due to the impact of new tariffs on goods imported into the United States. We are moving swiftly to adapt to the changing landscape, with a focus on mitigating near-term impacts while positioning the company for long-term growth. We believe our agile business model – combined with our fortress balance sheet – gives us a competitive advantage in dynamic environments, and we are optimistic that the current disruption will create opportunities for market share gains over time. The stock is up 34.3% since reporting and currently trades at $26.98. Is now the time to buy Steven Madden? Access our full analysis of the earnings results here, it's free. Originally selling Japanese Onitsuka Tiger sneakers as Blue Ribbon Sports, Nike (NYSE:NKE) is a global titan in athletic footwear, apparel, equipment, and accessories. Nike reported revenues of $11.27 billion, down 9.3% year on year, outperforming analysts' expectations by 2.3%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. The stock is down 13.5% since reporting. It currently trades at $62.15. Is now the time to buy Nike? Access our full analysis of the earnings results here, it's free. The owner of Dr. Scholl's, Caleres (NYSE:CAL) is a footwear company offering a range of styles. Caleres reported revenues of $614.2 million, down 6.8% year on year, falling short of analysts' expectations by 1.3%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income and EPS estimates. Caleres delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 16.4% since the results and currently trades at $13.70. Read our full analysis of Caleres's results here. Founded in 2002, Crocs (NASDAQ:CROX) sells casual footwear and is known for its iconic clog shoe. Crocs reported revenues of $937.3 million, flat year on year. This result surpassed analysts' expectations by 3.1%. Overall, it was a very strong quarter as it also logged an impressive beat of analysts' constant currency revenue and EPS estimates. The stock is up 1.6% since reporting and currently trades at $102.58. Read our full, actionable report on Crocs here, it's free. Founded in 1883, Wolverine Worldwide (NYSE:WWW) is a global footwear company with a diverse portfolio of brands including Merrell, Hush Puppies, and Saucony. Wolverine Worldwide reported revenues of $412.3 million, up 4.4% year on year. This print beat analysts' expectations by 4.1%. It was a very strong quarter as it also recorded an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. Wolverine Worldwide pulled off the biggest analyst estimates beat among its peers. The stock is up 25.8% since reporting and currently trades at $18.63. Read our full, actionable report on Wolverine Worldwide here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
09-06-2025
- Business
- Yahoo
Tesla, Intuitive Surgical downgraded: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The 5 Upgrades: Redburn Atlantic upgraded Charles Schwab (SCHW) to Neutral from Sell with a price target of $82, up from $65. Schwab is the dominant player in the two fastest growing segments of the U.S. retail wealth management market - the self-directed market and the independent registered investment advisor custody market, the firm tells investors in a research note. Seaport Research upgraded Oklo (OKLO) to Buy from Neutral with a $71 price target. The firm sees fuel availability as the key variable in Oklo's future success. Jefferies upgraded Quaker Houghton (KWR) to Buy from Hold with a price target of $146, up from $115. The firm says that solid margins and return on capital employed above 2019 levels despite soft end markets, a 64% cut in the stock's valuation over four years leading to share prices last seen when earnings per share were less than $5, and a 7% free cash flow yield mark Quaker as a "good quality-at-a-reasonable-price candidate." Redburn Atlantic upgraded LPL Financial (LPLA) to Buy from Neutral with a price target of $460, up from $420. LPL is positioned to benefit from "two durable secular shifts" in the advisor-mediated market - the continued migration of advisors from captive models to independence in pursuit of autonomy, higher revenue retention and client ownership, and the move towards outsourcing in the institutional market, the firm says. Williams Trading upgraded Steven Madden (SHOO) to Buy from Hold with a $31 price target. Trends, especially in women's dress shoes and western boots, "are starting to move Steve Madden's way," the firm tells investors in a research note. Top 5 Downgrades: Argus downgraded Tesla (TSLA) to Hold from Buy with no price target. The stock "appears to be currently trading on non-fundamental events," says the firm, which is concerned that the "war of words" between President Trump and Tesla CEO Elon Musk, along with expiration of EV credits, could further weaken demand for new Teslas. Baird also downgraded Tesla to Neutral from Outperform with an unchanged price target of $320. Deutsche Bank downgraded Intuitive Surgical (ISRG) to Sell from Hold with a price target of $440, down from $515. Encroachment to Intuitive's Instruments and Accessories segment by remanufactured instruments is inevitable and likely to be increasingly meaningful over the next few years, the firm tells investors in a research note. Morgan Stanley downgraded McDonald's (MCD) to Equal Weight from Overweight with a price target of $324, down from $329. McDonald's is a "top quality business but hasn't been, and probably will not be, insulated from some structural pressures on fast food," the firm argues. Mizuho downgraded Chewy (CHWY) to Neutral from Outperform with a price target of $47, up from $43. The firm remains constructive on the long-term trajectory of Chewy's business model, but says the current setup into and post the Q1 results is "increasingly less attractive." Redburn Atlantic downgraded Robinhood (HOOD) to Sell from Neutral with a price target of $48, up from $40. The company "has executed a notable turnaround," but the Robinhood bull case requires conviction that recent improvements are sustainable, says the firm, which believes there is some uncertainty around the company's "moats," adoption rates of new products and the durability of user engagement. Top 5 Initiations: Arete initiated coverage of SanDisk (SNDK) with a Buy rating and $63 price target. The shares trade at a "steep discount" to their historical valuation multiples, likely reflecting SanDisk's weaker market position today, the firm argues. Morgan Stanley coverage of Molina Healthcare (MOH) with an Overweight rating and $364 price target. While "varying permutations of policy headwinds are looming" across Medicaid, the overhang is disproportionately reflected in Molina at "trough valuations," the firm tells investors in a research note. Morgan Stanley also started coverage of Centene (CNC) with an Overweight rating and $70 price target. Citizens JMP initiated coverage of eToro (ETOR) with an Outperform rating and $85 price target, implying 24% upside from the last close. eToro's shift to consistent profitability reduces downside risk in the stock, the firm tells investors in a research note. Goldman Sachs, Jefferies, Needham, Canaccord, Cantor Fitzgerald and Mizuho also started coverage of the name with Buy-equivalent ratings, while Keefe Bruyette, Citi, UBS, Susquehanna, Deutsche Bank, BofA and Redburn Atlantic initiated eToro with Neutral-equivalent ratings. Barclays initiated coverage of Ryder (R) with an Overweight rating and $190 price target. Ryder appears to be executing on a revised operating strategy emphasizing transportation services, with a "large, flexible asset base that should position the company favorably in a potential upcycle," the firm tells investors in a research note. Cantor Fitzgerald initiated coverage of Docebo (DCBO) with an Overweight rating and $35 price target. The firm estimates the company is targeting an estimated total addressable market in excess of $60B towards the end of this decade, "offering plenty of opportunity for revenue expansion." 登入存取你的投資組合
Business Insider
09-06-2025
- Business
- Business Insider
Steven Madden upgraded to Buy from Hold at Williams Trading
Williams Trading upgraded Steven Madden (SHOO) to Buy from Hold with a $31 price target Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
USA Today
03-06-2025
- Business
- USA Today
A new Lululemon dress is stirring up the internet. Here's why
A new Lululemon dress is stirring up the internet. Here's why "Is this just for the label? Who walks into Lululemon and they're like, 'Oh my gosh, that's the cutest summer dress I've ever seen?'" TikTok creator Dasie said. Show Caption Hide Caption Steven Madden to buy UK-based luxury shoe brand Kurt Geiger The world of fashion footwear has a new pair, as shoe designer Steven Madden said it would buy UK-based luxury brand Kurt Geiger. The all-cash deal, valued at $360 million, expands Steve Madden's presence in international markets. The internet is going crazy over a new dress, and no, it is not "the dress" from 2015. Behind the hysteria is a multi-functional athleisure maxi skirt-dress duo from trendy sportswear brand Lululemon. Lululemon's new 2-in-1 Maxi Dress, a basic one-color dress that can be worn as an ankle-length maxi skirt or strapless dress, has garnered mixed emotions from social media users. Some believe the nearly $150 dress is worth every penny because of its versatility, enough that the dress is sold out in every size except extra large, and others think it's undeserving of the hype. Interested to hear what people think? Here's what the internet is saying about the viral Lululemon 2-in-1 Maxi Dress. Viral trends: 10 years later, 'the dress' still divides us. But we understand a lot more about why. How much does Lululemon's 2-in-1 Maxi Dress cost? The 2-in-1 Maxi Dress costs $148 on the Lululemon website, before shipping. As of June 3, the dress was sold out in every size and color but Light Ivory in extra large. However, shoppers can sign up to be notified if and when the dress will be restocked on the Lululemon website. What are people saying about the dress? In a TikTok video with 83,000 views as of June 3, content creator Chantalissa models the dress, which she encourages her followers to buy. "It takes a lot for me to buy something that I see on TikTok, but the second I saw this 2-in-1 dress from Lululemon, I literally went to the store instantly and tried it on," Chantalissa said in her video. "I actually feel like a princess in it. It's so beautiful, so flowy. I'm obsessed." On the flip side, content creator Dasie expressed her confusion about the dress's popularity, specifically because of the price and simple design. "Is this just for the label? Who walks into Lululemon and they're like, 'Oh my gosh, that's the cutest summer dress I've ever seen?'" Dasie said in a TikTok video with about 4,800 views as of June 3. "I'm not trying to be mean. No hate. You could walk into Walmart and get a cuter dress than that." To 'thneed' or not to 'thneed' Lululemon's 2-in-1 Maxi Dress quickly became deemed a "thneed" on social media. A "thneed" is a garment that can be worn multiple ways, and its name comes from the highly versatile object knitted by the Once-ler in Dr. Seuss' "The Lorax." As depicted in the original Lorax book and movie, a "thneed" can be used as a shirt, sock, glove, hat, carpet or pillow − "a fine thing that all people need." In addition to being multifunctional, a "thneed" is cheap ($3.98, as outlined in "The Lorax") and ethically sourced, as "thneeds" are made entirely from foliage of Truffula Trees, the circular and wispy trees in the story. While some may believe the 2-in-1 Maxi Dress is a "thneed," TikTok user Rachael, commonly known as "the Thneed Girl," disagrees. "The garment really isn't transforming at all. It's just going from being worn down at the hip to up at like the chest. It's really not transforming like a thneed really needs to do," Rachael said in a TikTok video. "You can love this dress. You can hate this dress. You can make whatever arguments you want about the ethics of this dress, Lululemon as a company, I really don't care, but it's not a thneed." Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@
