By Denny Jacob

Steven Madden posted higher-than-expected sales in its fourth quarter as growth in international markets and categories outside of footwear boosted results, but the specter of tariffs cast a shadow over its near-term prospects.

The shoe maker logged net income of $34.8 million, or 49 cents a share, compared with $35.9 million, or 49 cents a share, in the prior-year period.

Stripping out certain one-time items, earnings came in at 55 cents a share. Analysts polled by FactSet had expected 53 cents a share.

Sales rose to $578.8 million from $517.1 million. Analysts polled by FactSet had expected $547.3 million.

Chief Executive Edward Rosenfeld said gains made in 2024 were supported by growth in international markets, non-footwear categories and direct-to-consumer channels, as well as a return to revenue growth in its U.S. wholesale footwear business.

"Looking ahead, we are cautious on the near-term outlook, as we face meaningful headwinds in 2025, most notably the impact of new tariffs on goods imported into the United States," Rosenfeld added.

For 2025, Steven Madden expects revenue to increase 17% to 19% compared with 2024, while earnings per share are expected to be in the range of $2.30 to $2.40. Analysts polled by FactSet expect $2.33 billion in revenue and earnings per share of around $2.53.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 26, 2025 07:31 ET (12:31 GMT)

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