Steve Madden Faces Looming Margin Pressure And Tariff Headwinds, Analyst Predicts Tough Road Ahead
Needham analyst Tom Nikic reiterated the Hold rating on Steven Madden, Ltd. (NASDAQ:SHOO). Yesterday, the company reported fourth-quarter 2024 financial results. It clocked a fourth-quarter adjusted EPS of 55 cents, beating the Wall Street View of 53 cents. Quarterly revenues of $582.32 million increased 12.0% year over year, surpassing the analyst consensus of $548.50 million. The analyst mentioned that the fourth quarter earnings call reflected caution, citing the ongoing impact of tariffs, st