Steven Madden (SHOO) Stock Forecast & Price Target

Steven Madden Ltd has demonstrated robust growth prospects, particularly highlighted by a 54.2% increase in wholesale accessories and apparel revenue, largely attributed to the Almost Famous acquisition. The company anticipates an overall revenue increase of 17%-19% year-over-year, signaling strong operational momentum across its segments, especially with continued growth in its international business. Furthermore, as international revenue now constitutes approximately 19% of total revenues and is projected to expand in the mid-teens, this diversification enhances the company's financial stability and long-term growth potential.

Steven Madden Ltd is projected to experience a significant decline in earnings per share (EPS), with expectations of a 30%-35% drop year-over-year in Q1, attributed to a challenging prior-year comparison and increased marketing investments. The company’s wholesale footwear segment, which constitutes nearly half of total revenue, reported a 2.2% decline, while overall EPS projections for FY25 have been revised downward to $2.35 from a previous $2.89, reflecting weaker performance and increased operating costs. Furthermore, the outlook remains cautious due to ongoing challenges in the wholesale environment, potential slowdowns in apparel and accessories growth, and declining consumer confidence, all of which could adversely impact future financial performance.