Steven Madden completes Kurt Geiger deal; Q1 EPS $0.57 vs $0.60; guidance withdrawn
Steven Madden completed its acquisition of Kurt Geiger on May 6, 2025, and entered into a new credit agreement with a $300 million term loan and a $250 million revolving credit facility, secured by the company's and subsidiaries' assets. In first-quarter results, revenue rose 0.2% to $553.5 million, but net income attributable to the company fell to $40.4 million from $43.9 million and diluted EPS fell to $0.57 from $0.60. The company also withdrew its 2025 guidance because of tariff uncertainty, so shareholders now have higher debt and no current outlook, while the $0.21 quarterly dividend was maintained.
Key points
- Kurt Geiger acquisition closed May 6, 2025, at an enterprise value of approximately £289 million, funded by borrowings under the new credit agreement and cash on hand
- New credit agreement provides a $300 million term loan and $250 million revolving credit facility, maturing May 6, 2030
- Q1 2025 revenue rose 0.2% to $553.5 million; diluted EPS was $0.57 versus $0.60 a year earlier
- 2025 financial guidance withdrawn due to tariff uncertainty; quarterly dividend of $0.21 per share payable June 20, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.