What is Steven Madden's wholesale footwear — gross profit?

Steven Madden (SHOO) reported wholesale footwear — gross profit of $136.01M in Q1 2026.

How has Steven Madden's wholesale footwear — gross profit changed year-over-year?

Steven Madden's wholesale footwear — gross profit increased by 25.1% year-over-year, from $108.69M to $136.01M.

What does wholesale footwear — gross profit mean?

This is the difference between wholesale footwear revenues and the direct cost of sales, representing the segment's core profitability before operating expenses. It measures the efficiency of the supply chain and pricing power within the wholesale market. A higher gross profit indicates strong brand equity and effective cost control.

Steven Madden (SHOO) Wholesale Footwear — Gross Profit

Screener

Other segment segments

Direct-to-Consumer

$135.8M—

Wholesale Accessories/Apparel

$82.17M+71.0%

Licensing

$3.44M+59.7%

Similar metrics at other companies

GIIIWholesale — Gross Profit

$328.25M+44.5%

LZBWholesale — Gross Profit

$108.41M+3.7%

CAPLWholesale — Gross Profit

$27.1M+9.0%

BYRNWholesale — Gross Profit

-$1.11M-117%

RCKYWholesale — Gross Profit

$26.96M-10.5%

URBNWholesale Operations — Gross Profit

$33.79M+31.2%

Other financials

Income statement

See full

Revenue$653.1M+18.0%

Gross profit$357.4M+58.0%

Operating income$98.7M+84.6%

Net income$71.8M+77.7%

EPS (diluted)$1.00+75.4%

Balance sheet

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Cash & equivalents$112.4M-40.8%

Total debt$540.3M+225%

Total equity$913.2M+4.3%

Total assets$2.0B+37.0%

Cash flow

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Operating cash flow-$55.3M-194%

CapEx$5.9M-40.1%

Free cash flow-$61.2M-114%

Valuation

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Market cap$3.53B+88.0%

P/E43.5×+24.4×

P/S1.3×+0.5×

Profitability

See full

Gross margin44.8%+3.7pp

Operating margin4.8%-4.9pp

Net margin3.1%-4.5pp

FCF margin3.3%-4.1pp

Returns & leverage

See full

Return on equity9.1%-11.4pp

Debt / equity0.6×+0.4×

Current ratio2.2×0.0×

Where this comes from

Reported directly by Steven Madden in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The source filing: Steven Madden’s 10-Q, filed May 8, 2026.

Filed: May 8, 2026, 3:15 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001628280-26-032774

For the three months ended March 31, 2026(in thousands)	Wholesale Footwear	Wholesale Accessories/Apparel	Direct-to-Consumer	Licensing	Total(1)
Total revenue	$278,866	$164,781	$206,013	$3,436	$653,096
Less: Cost of sales(2)	142,856	82,611	70,209	—	295,676
Gross profit	136,010	82,170	135,804	3,436	357,420
Less: Change in valuation of contingent payment liabilities(2)	—	385	—	—	385
Less: Salaries and related expense(2)	21,173	16,012	34,728	233	72,146
Less: Other segment items(3)	34,462	21,828	102,660	26	158,976
Income/(loss) from operations	$80,375	$43,945	$(1,584)	$3,177	$125,913

Item 1. Condensed Consolidated Financial Statements (Unaudited):

FAQ

What is Steven Madden's wholesale footwear — gross profit?: Steven Madden (SHOO) reported wholesale footwear — gross profit of $136.01M in Q1 2026.
How has Steven Madden's wholesale footwear — gross profit changed year-over-year?: Steven Madden's wholesale footwear — gross profit increased by 25.1% year-over-year, from $108.69M to $136.01M.
What does wholesale footwear — gross profit mean?: This is the difference between wholesale footwear revenues and the direct cost of sales, representing the segment's core profitability before operating expenses. It measures the efficiency of the supply chain and pricing power within the wholesale market. A higher gross profit indicates strong brand equity and effective cost control.