Steven Madden, Ltd.

Balance Sheet and Cash Flow Highlights As of June 30, 2025, total debt outstanding was $293.5 million, and cash, cash equivalents and short-term investments were $111.9 million, for net debt of $181.6 million.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

During the second quarter of 2025, the company did not repurchase any shares of its common stock in the open market.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Quarterly Cash Dividend The company’s Board of Directors approved a quarterly cash dividend of $0.21 per share.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

The dividend is payable on September 23, 2025 to stockholders of record as of the close of business on September 12, 2025.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

$ (39,477 ) $ 35,376 $ 946 $ 79,310 Basic (loss) / income per share $ (0.56 ) $ 0.50 $ 0.01 $ 1.10 Diluted (loss) / income per share $ (0.56 ) $ 0.49 $ 0.01 $ 1.09 Basic weighted average common shares outstanding 70,870 71,458 70,822 71,875 Diluted weighted average common shares outstanding 70,870 72,004 70,970 72,430 Cash dividends declared per common share $ 0.21 $ 0.21 $ 0.42 $ 0.42 STEVEN MADDEN, LTD.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

$0.8 million pre-tax ($0.6 million after-tax) expense in connection with the write-off of unamortized debt issuance costs associated with the replacement of the company’s previous revolving credit facility, included in interest expense.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Our team continues to act with agility to mitigate near-term impacts while remaining focused on positioning the company for long-term growth by executing our strategy to deepen consumer connections through the combination of compelling product and effective marketing.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Examples of forward-looking statements include, among others, statements regarding revenue and earnings guidance, plans, strategies, objectives, expectations and intentions.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Goodwill recognized as part of the acquisition is primarily attributable to expected synergies, the assembled workforce, the expansion of the Company s international footprint, and opportunities to grow complementary product categories.

SEC original ↗Steven Madden, Ltd. — 10-Q Quarterly report10-QJul 31, 2026

ASC 820 also establishes a three-tier fair value hierarchy that prioritizes the inputs used in valuation methodologies.

SEC original ↗Steven Madden, Ltd. — 10-Q Quarterly report10-QJul 31, 2026

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “As anticipated, the second quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United States.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

While tariffs have created near-term pressure and added uncertainty, we believe our key strengths — powerful brands, a robust balance sheet and a proven business model — position us well to navigate the current environment and deliver sustainable growth over time.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Adjusted gross profit as a percentage of wholesale revenue was 30.9%, compared to 33.1% in the second quarter of 2024, as a result of the impact of new tariffs on goods imported into the United States.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Adjusted Gross profit as a percentage of direct-to-consumer revenue was 61.3%, compared to 64.3% in the second quarter of 2024, driven primarily by the addition of the Kurt Geiger concessions business and the impact of new tariffs on goods imported into the United States.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

2025 Outlook Due to continued macroeconomic uncertainty related to the impact of new tariffs on goods imported into the United States, the company is not providing 2025 financial guidance at this time.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which may be outside of the company’s control.

SEC original ↗Steven Madden, Ltd. — Earnings release (8-K exhibit)EX-99Jul 30, 2025