Steven Madden, Ltd.: International Market Expansion As A Primary Growth Accelerator!

Steve Madden Limited’s results for the third quarter of 2024 reveal a mixed performance, characterized by notable achievements in certain areas and challenges in others. The company’s revenue increased by 13% compared to the third quarter of 2023, totaling $624.7 million. This growth was attributed to several factors, including exceptional performance in the accessories and apparel categories, profound contribution from the acquisition of Almost Famous, and strong top-line gains in international markets and direct-to-consumer channels. These developments underscore the company’s focus on expanding its product offerings beyond footwear and exploiting synergies from acquisitions.