)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Steven Madden (SHOO) investor relations material
Steven Madden Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Q3 2025 revenue increased 6.9% year-over-year to $667.9M, driven by the Kurt Geiger acquisition, but net income fell to $20.5M due to higher operating expenses, acquisition-related costs, and new 145% tariffs on Chinese imports.
Adjusted net income was $30.4M ($0.43 per diluted share), down from $64.8M ($0.91) in Q3 2024; diluted EPS was $0.29, down from $0.77.
Despite headwinds, consumer demand for core brands remained strong, with boots and dress shoes outperforming, and marketing investments driving Gen Z and millennial engagement.
Kurt Geiger London showed strong momentum, with comp sales up mid-teens and successful integration efforts underway.
Strategic focus remains on product innovation, international expansion, direct-to-consumer growth, and operational efficiency.
Financial highlights
Q3 2025 total revenue: $667.9M (+6.9% YoY); nine months ended September 30, 2025: $1.78B (+4.7% YoY).
Gross margin increased to 43.4% (adjusted) from 41.6% due to higher DTC mix from Kurt Geiger; reported gross margin was 41.5%.
Operating expenses rose to $246.0M (36.8% of revenue), up from $178.9M (28.6%) YoY, mainly due to acquisition and integration costs.
Net income was $20.5M (3.1% margin), down from $55.3M (8.8% margin) YoY; adjusted net income was $30.4M.
Net debt at quarter-end was $185M (total debt $293.8M, cash and equivalents $108.9M).
Outlook and guidance
Q4 2025 revenue expected to increase 27%–30% year-over-year, with adjusted diluted EPS guidance of $0.41–$0.46.
Core business (excluding Kurt Geiger) Q4 revenue projected down 2%–4%, with increases in wholesale footwear and DTC, but continued decline in wholesale accessories and apparel.
Kurt Geiger Q4 revenue expected at $182M–$187M, with over 70% from DTC.
Management expects continued focus on international expansion, direct-to-consumer growth, and cost management amid macroeconomic uncertainty.
What is the long-term sourcing strategy post-tariffs?
Assess market share gains for core brands.
Detail Kurt Geiger's path to higher margins.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Steven Madden earnings date
Q4 202526 Feb, 2026
Next Steven Madden earnings date
Q4 202526 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Steven Madden, Ltd. engages in the designing, sourcing, marketing, and selling of fashion-forward branded and private label footwear for women, men, and children in the United States and internationally. The company operates through three segments: Wholesale Footwear, Retail, and Licensing. It offers footwear products under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Freebird by Steven, Stevies, Steven by Steve MaddenMadden Steve Madden brands.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage