Steven Madden Withholds 2026 Forecast Due to US Tariffs

Steven Madden, Ltd.[Symbol:{ "assets":{ "symbol":"SHOO" } }] has announced it will not provide an annual profit forecast for fiscal 2026, citing significant uncertainty regarding recent tariff developments in the United States[Country:{ "assets":{ "country":"US" } }]. The decision reflects the challenges facing the footwear and handbag manufacturer as it navigates a shifting trade landscape and muted consumer spending. The company projected a revenue increase of 9% to 11% for fiscal 2026, a slight slowdown compared to the 11% growth achieved in 2025. This forecast also fell short of the 10.5% increase anticipated by analysts, according to data from LSEG. Following the announcement, shares of the New York-based firm dropped approximately 2% in premarket trading. The current trade climate is defined by a 10% tariff on all non-exempt goods, a rate confirmed by U.S. Customs and Border Protection. This follows a period of volatility where President Donald Trump initially announced a 10% rate before floating a 15% figure shortly after. The implementation of these tariffs comes in the wake of a Supreme Court ruling that struck down previous global duties. In terms of recent financial performance, Steven Madden reported fourth-quarter revenue of $753.7 million, which was nearly in line with the $753.9 million expected by Wall Street. This marks the second time in recent months the company has opted to withhold specific guidance; it previously refrained from providing a fiscal 2025 forecast in July of last year.