Steven Madden Ltd (SHOO) shares are soaring 5.32% in pre-market trading on Wednesday, following the company's strong first-quarter earnings report that exceeded analyst expectations. The footwear and accessories retailer posted adjusted earnings per share of $0.60, significantly beating the estimated $0.45 per share.
While the company's sales of $551.38 million slightly missed the projected $557.34 million, investors appear to be focusing on the bottom-line performance. The robust earnings come despite Steven Madden facing "meaningful near-term headwinds and heightened uncertainty" due to the impact of new tariffs on goods imported into the US.
In light of these challenges, Steven Madden has made the strategic decision to withdraw its 2025 financial guidance. The company stated it is not issuing any expectations at this time and is concentrating on mitigating the near-term impacts of tariffs. Despite this cautious outlook, the market's positive reaction suggests investors are confident in the company's ability to navigate these headwinds, as evidenced by its strong Q1 performance.
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