Tariff headwinds impact Steve Madden profitability despite 6.9 percent revenue growth
Steven Madden, Ltd. reported that third-quarter revenue increased by 6.9 percent to 667.9 million dollars. However, the quarter was "challenging," as noted by chairman and CEO Edward Rosenfeld, due largely to the impact of new tariffs on imported goods, which severely compressed profitability. Adjusted net income fell to 30.4 million dollars or...
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