Steven Madden Q2 2026: $92M tariff refund drives 19.1% revenue growth, debt paydown

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

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  Received $92.1M IEEPA tariff refund (including $3.1M interest) following Supreme Court ruling that invalidated tariffs imposed Feb 2025–Feb 2026; refund reduced cost of sales by $55.1M for prior-period inventory sold and lowered carrying amounts for unsold goods.

  Legal Proceedings / MD&A: Tariff Refund verify on EDGAR →
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  Repaid $170M of term debt over twelve months to $130M outstanding (from $300M Jun 2025), reflecting strong cash generation and deleveraging focus post-Kurt Geiger acquisition; no scheduled principal payments until 2030 maturity.

  Notes: Credit Agreement verify on EDGAR →
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  Q2 2026 gross margin expanded to 46.5% from 40.4% in Q2 2025, driven by tariff refund, higher average selling prices, reduced promotional activity, and lower private-label penetration, partially offset by higher freight costs.

  MD&A: Gross Margin verify on EDGAR →