Steven Madden Likely to Post Slight Q2 Earnings Beat, Raise Outlook, UBS Securities Says

MT Newswires Live07-10 23:33

Steven Madden (SHOO) is likely to report a small Q2 earnings beat and raise its fiscal 2026 outlook, but the results may not drive a major share move because investors already expect a similar outcome and risks remain balanced, UBS Securities said in a note Friday.

The investment firm expects Q2 earnings to beat estimates by $0.03 and sees the company raising its fiscal 2026 earnings guidance by $0.05 to between $2.05 and $2.15 per share, assuming US tariffs rise to 15% after July 24, while management may also lift its annual sales growth forecast to between 11% and 13% from the current 10% to 12%.

The Steve Madden and Kurt Geiger brands are expected to support Q2 sales, though weaker June growth and higher footwear promotions could limit the strength of the results, according to the note.

Investor views remain mixed, as strong fashion demand and expected tariff cost recovery are balanced by concerns that sales growth slowed near the end of the quarter, the investment firm said.

UBS Securities maintained its neutral rating and $40 price target on Steven Madden.

Price: 41.21, Change: +0.89, Percent Change: +2.21

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