Steven Madden Ltd (NASDAQ:SHOO) shares are trading higher on Wednesday after the first-quarter FY25 earnings.

The company reported first-quarter revenue growth of 0.2% year-on-year to $551.38 million, missing the analyst consensus estimate of $557.34 million.

Revenue for the wholesale business increased 0.2% to $439.3 million, and Direct-to-Consumer revenue fell 0.2% to $112.1 million.

Gross profit margin expanded 20 basis points Y/Y to 40.9%.

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The operating margin was 9.7%, and operating income for the quarter was $53.5 million. Adjusted EPS of 60 cents beat the consensus estimate of 45 cents.

Steven Madden held $114.7 million in cash and equivalents as of March 31, 2025. Cash used in operating activities for the quarter totaled $(18.8) million.

The company’s board of directors approved a quarterly cash dividend of 21 cents per share. The dividend is payable on June 20, 2025, to stockholders of record as of the close of business on June 9, 2025.

The company ended the quarter with 314 brick-and-mortar retail stores and five e-commerce websites.

Edward Rosenfeld, chairman and CEO, commented, “Looking ahead, we face meaningful near-term headwinds and heightened uncertainty due to the impact of new tariffs on goods imported into the U.S.”

Outlook: The company is withdrawing the 2025 financial guidance provided in its earnings release on Feb. 26, 2025, due to macroeconomic uncertainty related to the impact of new tariffs on goods imported into the U.S.

SHOO Price Action: SHOO shares traded higher by 13.74% at $22.90 at publication on Wednesday.

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