Strong Revenue and Earnings Growth
Steven Madden, Ltd. reported a 15% increase in revenue and a 9% increase in diluted EPS for 2024 compared to 2023, reaching $2.3 billion in total revenue.
International Expansion Success
International revenue grew 12% with notable performance in the EMEA region (18% increase) and the Americas ex-US (9% increase), driven by successful joint ventures and market transitions.
Accessories and Apparel Segment Growth
The segment saw a 53% increase in revenue, with Steven Madden handbags surpassing $300 million in revenue, marking a 31% increase from the previous year.
Direct-to-Consumer Channel Growth
DTC revenue increased 9% to $550 million, with a 36% growth in Dolce Vita DTC revenue.
Successful Acquisition of Kurt Geiger
The acquisition of Kurt Geiger, expected to close in Q2 2025, adds a new growth engine with £400 million in revenue for the year ending February 1, 2025.