How has Steven Madden's wholesale footwear — operating income (loss) changed year-over-year?

Steven Madden's wholesale footwear — operating income (loss) increased by 27.4% year-over-year, from $63.09M to $80.38M.

What does wholesale footwear — operating income (loss) mean?

This represents the net profitability of the wholesale footwear segment after accounting for both cost of sales and all direct operating expenses. It is the primary measure of the segment's operational success and contribution to the company's overall bottom line. Investors use this to assess the segment's ability to generate sustainable returns.

Steven Madden (SHOO) Wholesale Footwear — Operating income (loss)

Screener

Other segment segments

Wholesale Accessories/Apparel

$43.95M+96.1%

Licensing

$3.18M+74.1%

Direct-to-Consumer

-$1.58M—

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GMEAustralia — Operating income (loss)

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GMEEurope — Operating income (loss)

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Other financials

Income statement

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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$3.58B+100%

P/E44.1×+25.9×

P/S1.4×+0.6×

Profitability

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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:OperatingIncomeLoss.

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 — operating income (loss)?: Steven Madden (SHOO) reported wholesale footwear — operating income (loss) of $80.38M in Q1 2026.
How has Steven Madden's wholesale footwear — operating income (loss) changed year-over-year?: Steven Madden's wholesale footwear — operating income (loss) increased by 27.4% year-over-year, from $63.09M to $80.38M.
What does wholesale footwear — operating income (loss) mean?: This represents the net profitability of the wholesale footwear segment after accounting for both cost of sales and all direct operating expenses. It is the primary measure of the segment's operational success and contribution to the company's overall bottom line. Investors use this to assess the segment's ability to generate sustainable returns.