Connect with us

Fashion

US’ Steven Madden’s 2025 revenue rises 11% on Kurt Geiger boost

Published

on

US’ Steven Madden’s 2025 revenue rises 11% on Kurt Geiger boost



American designer of apparel and footwear Steven Madden, Ltd has reported higher sales for the full year ended December 31, 2025, with total revenue rising 11 per cent year on year (YoY) to $2,534.1 million. Gross margin edged up to 41.4 per cent from 41 per cent, while adjusted gross margin improved to 42.6 per cent from 41.1 per cent, supported by favourable mix and acquisition-related benefits.

The growth was driven largely by the newly acquired Kurt Geiger business, but earnings declined as operating costs increased and tariff-related headwinds pressured profitability. The company issued a 2026 revenue outlook while withholding earnings guidance amid continued uncertainty over US tariff policy.

Steven Madden has reported revenue growth of 11 per cent to $2,534.1 million in 2025, but profitability declined due to higher operating costs and tariff pressures.
Q4 sales surged 29.4 per cent, while earnings softened YoY.
The company expects 2026 revenue growth of 9-11 per cent, citing brand momentum and Kurt Geiger expansion, though rising SG&A and tariff uncertainty remain concerns.

Profitability, however, was materially lower YoY as operating expenses stepped up. Operating expenses rose to 38.2 per cent of revenue versus 30.6 per cent in 2024; on an adjusted basis, operating expenses were 35.7 per cent compared with 30 per cent a year earlier, Steven Madden said in a press release.

The income from operations fell to $80.8 million (3.2 per cent margin) from $224.9 million (9.9 per cent margin) in 2024. On an adjusted basis, operating income was $175.9 million (6.9 per cent margin) versus $253.5 million (11.1 per cent margin) in the prior year.

Net income attributable to the company declined to $44.7 million, or $0.63 per diluted share, from $169.4 million, or $2.35 per diluted share, in 2024. Adjusted net income attributable to Steven Madden was $120.9 million, or $1.70 per diluted share, compared with $192.4 million, or $2.67 per diluted share, a year earlier.

The company ended 2025 with total debt of $234.2 million and cash and cash equivalents of $112.4 million, resulting in net debt of $121.7 million. Cash flow from operations was $162.2 million in 2025 versus $198.1 million in 2024, while investing outflows rose sharply due to acquisitions, with $371.6 million spent on purchasing businesses during the year.

In the fourth quarter (Q4) of 2025, revenue increased 29.4 per cent to $753.7 million from $582.3 million in the same period of 2024. Gross margin expanded to 42.4 per cent from 40.4 per cent; adjusted gross margin improved further to 43.8 per cent, compared with 40.4 per cent a year earlier.

Operating costs rose faster than sales. Operating expenses were 37.3 per cent of revenue versus 32.9 per cent in the prior-year quarter; on an adjusted basis, operating expenses were 37 per cent versus 31.4 per cent.

The operating income declined to $36.2 million (4.8 per cent margin) from $46.7 million (8.0 per cent margin) in Q4 2024. Adjusted operating income was $50.9 million (6.8 per cent margin) compared with $52.6 million (9 per cent margin) a year earlier.

Net income attributable to Steven Madden fell to $23.2 million, or $0.32 per diluted share, versus $34.8 million, or $0.49 per diluted share, in Q4 2024. Adjusted net income was $34.3 million, or $0.48 per diluted share, compared with $39.3 million, or $0.55 per diluted share, in the prior-year quarter.

Steve Madden’s wholesale revenue in Q4 2025 was $433.3 million, up 7.5 per cent YoY. Excluding Kurt Geiger, wholesale revenue declined 2.6 per cent. Within wholesale, footwear revenue rose 11.0 per cent (or 5.5 per cent excluding Kurt Geiger), while accessories/apparel increased 3.1 per cent but fell 13 per cent excluding Kurt Geiger.

Wholesale gross margin was 30.7 per cent versus 30.5 per cent in Q4 2024; adjusted wholesale gross margin improved to 31.5 per cent, with the company noting the addition of Kurt Geiger was partly offset by the impact of new tariffs on goods imported into the United States.

Direct-to-consumer (DTC) revenue climbed 79.9 per cent to $316.6 million. Excluding Kurt Geiger, DTC revenue increased 1.6 per cent. DTC gross margin declined to 57.7 per cent from 62 per cent, while adjusted DTC gross margin was 59.8 per cent versus 62 per cent, reflecting the addition of the Kurt Geiger concessions business and tariff impacts.

At quarter-end, the company operated 399 company-run stores (including 98 outlets), seven e-commerce websites, and 133 company-operated concessions in international markets.

Edward Rosenfeld, chairman and CEO of the company, commented: “We are pleased to have delivered above-guidance earnings results for the fourth quarter, driven by improved performance in our core Steve Madden footwear business as well as a strong contribution from the newly acquired Kurt Geiger. Looking to 2026, we are encouraged by the momentum building in our flagship Steve Madden brand and the opportunity for growth in Kurt Geiger London. That said, we expect pressure on our private label business as well as higher SG&A driven by the normalisation of incentive compensation and the restoration of senior executive salaries. While we continue to face uncertainty related to tariffs, the fundamentals of our business are strong. Our product assortments and marketing campaigns are resonating with consumers, our brands are powerful and gaining relevance, and we have a sound strategy for long-term value creation with multiple levers for growth.”

For 2026, Steven Madden expects revenue to increase 9-11 per cent YoY. The company is not providing earnings guidance at this time due to uncertainty linked to recent developments in US tariff policy.

Fibre2Fashion News Desk (SG)



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

China boosts offshore wind capacity to speed up low-carbon transition

Published

on

China boosts offshore wind capacity to speed up low-carbon transition



China is developing several advanced offshore wind projects, fast-tracking its energy transition.

The country’s total wind power installed capacity hit 650 million kW at the end of February 2026—up by 22.8 per cent year on year (YoY), data from the National Energy Administration show.

China is developing several advanced offshore wind projects, fast-tracking its energy transition.
Its cumulative offshore wind installed capacity has surpassed 47 million kW, leading the world for five consecutive years.
China is now shifting its focus to deeper, more distant waters.
It has also developed a robust, clustered offshore wind industrial supply chain, with key hubs in coastal provinces.

Its cumulative offshore wind installed capacity has surpassed 47 million kW, leading the world for five consecutive years.

Generally, projects with water depths exceeding 50 metres are categorised as deep-sea offshore wind, and those over 65 kilometres from the shore as far-offshore wind.

China is now shifting its focus to deeper, more distant waters, where winds are stronger and more stable, but pose greater operational challenges.

In south China’s Guangdong Province, a major offshore wind farm project developed by China Huadian Corporation, situated off the coast of Yangjiang City, has started full-scale construction.

Located up to 89 km offshore, it will generate 1.6 billion kWh of clean power annually and reduce carbon emissions by 1.26 million tonnes upon completion, a state-controlled media outlet reported.

Meanwhile, in east China’s Shandong Province, the country’s deepest operational offshore wind farm has achieved full grid connection. The 504,000-kW project, developed by China Huaneng Group, operates in waters ranging from 52 to 56 metres deep, approximately 70 km offshore.

In south China’s Hainan Province, a pilot wind project has also commissioned its first grid-connected turbines, which are expected to generate 150 million kWh of clean power per year.

China has also developed a robust, clustered offshore wind industrial supply chain, with key hubs in coastal provinces like Guangdong, Jiangsu, Shandong and Fujian, covering turbine manufacturing, auxiliary equipment, construction and installation, and operation and maintenance services.

In Shantou, Guangdong Province, local authorities are exploring diversified utilisation models for offshore wind to build a world-class high-end offshore wind equipment cluster.

Key components for wind turbines, including generators, gearboxes, and bearings, are produced and assembled seamlessly within the industrial cluster, reducing long-distance transportation costs and the risk of damage.

The city also boasts a key offshore wind innovation hub, equipped with a training centre and an advanced wind turbine testing platform, which provides professional technical support and performance testing services for the global offshore wind industry.

In Yancheng, east China’s Jiangsu Province, China’s largest offshore wind industrial cluster has taken shape, with a complete supply chain. Its total wind turbine production capacity accounts for over 40 per cent of the national total, and blade production accounts for about 20 per cent of the country’s output.

During the 15th Five-Year Plan period (2026-2030), China aims at further developing large-scale offshore wind bases across the Bohai Sea, the Yellow Sea and the East China Sea, and steadily scale up deep-sea wind development.

The country targets over 100 million kW of cumulative offshore wind capacity by 2030.

Fibre2Fashion News Desk (DS)



Source link

Continue Reading

Fashion

Sweden’s H&M & Stella McCartney return with nostalgic 2026 collection

Published

on

Sweden’s H&M & Stella McCartney return with nostalgic 2026 collection



H&M is proud to reveal all the looks in the upcoming Stella McCartney H&M collection. The collection will launch on 7 May, some twenty years after H&M’s first partnership with the acclaimed designer and campaigner. The first Stella McCartney H&M partnership – H&M’s second ever design collaboration – launched in November 2005. This new Stella McCartney H&M collection builds on that legacy. It reflects on the highlights of the house’s 25-year history, bottling McCartney’s pioneering and rule-breaking vision into a range of apparel and accessories.

The collection unites past and present, combining beloved current signatures, such as oversized shirting, sweeping trenches and sharp tailoring, with playful iconic hits from McCartney’s early archive, including bejewelled prints and slogan tops.

H&M unveils its new Stella McCartney collaboration, launching May 7, marking 20 years since their first partnership.
Blending archive-inspired designs with modern signatures, the collection features tailored pieces, statement prints and accessories.
With a strong focus on recycled and organic materials, it reflects McCartney’s legacy of innovation, sustainability and timeless style.

“I see this collection as a journey through my fashion history. It is a true mix of current classics and some of my old favourites that showcase my first forays into fashion and the development of my signatures. It’s playful, strong, sparkling, joyful, refined.” Stella McCartney.

Other key items in the collection include rib knitted dresses and tops with McCartney’s signature Falabella chain at the neck, and a long white gown with a cape-like sleeve that loops into the hem, giving the look of a sweeping circle of fabric. Also available are sparkling partywear, separates and denims, as well as mesh dresses and tops in a bold archival cherry-print. Offering an extra dose of nostalgia is a white mini tee embellished with studs reading ‘Rock Royalty’.

The accessories range is strong, and rich in bags. There will be six styles to choose from, including small, branded shoulder bags, giant totes and a timeless chocolate-toned bag with a chain-detail strap. This is one of several pieces in the collection that incorporate the Falabella chain, including necklaces and earrings, crafted in recycled metal in mixed tones, and loafers with chain detailing on the front.

The collection is defined by an approach to materials that prioritizes recycled content, organic cottons, wool certified to the RWS Standard and innovative usage of feedstock for coated materials, such as industrial corn and recycled vegetable oil.

Unveiled today is the collection’s campaign, shot by Sam Rock in London, and starring Renee Rapp, Angelina Kendall and Adwoa Aboah. The mood is playful yet effortless, nostalgic yet forward-thinking. Across the campaign, &Stella becomes the tagline for this special collaboration. Reinterpreted in myriad forms – &Here &Now &Me &You – it becomes a message about connection, care, and a way of being that speaks both this moment, and to the past, present, and future.

“Stella has always had a bold vision for fashion, and this collection tracks her journey from a young, rule-breaking voice to a master of timeless design. Every single piece in the collection is desirable and tells a unique and bold story.” – Ann-Sofie Johansson.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (JP)



Source link

Continue Reading

Fashion

North India cotton yarn steady despite continued push by spinners

Published

on

North India cotton yarn steady despite continued push by spinners



The Delhi cotton yarn market remained stable, though demand from downstream industries was weak at elevated price levels. Garment demand in both domestic and export markets also remained sluggish. A trader from Delhi market told Fibre*Fashion, “Spinning mills are selling cotton yarn at an additional margin of at least ** per cent. They have a cushion of advance orders from other countries. Mills have export orders for the next ** months, so they do not need to sell in the domestic market. They are selling cotton yarn domestically at higher prices than export realisations.”

In Delhi, ** count combed knitting yarn was traded at ****;****** (~$*.***.**) per kg (GST extra), while ** count combed yarn was priced at ****;****** (~$*.***.**) per kg. Meanwhile, ** count carded yarn was traded at ****;****** (~$*.***.**) per kg and ** count carded at ****;****** (~$*.***.**) per kg, according to market sources.



Source link

Continue Reading

Trending