Steve Madden rises after quarterly earnings beat

Shares of shoe maker Steve Madden SHOO.O up 6.7% at $21.48 premarket

Co reports Q1 adjusted EPS of 60 cents vs estimates of 45 cents - data compiled by LSEG

Co also announces completion of its acquisition of Kurt Greiger

However, co withdraws its 2025 financial guidance

"We face meaningful near-term headwinds and heightened uncertainty due to the impact of new tariffs on goods imported into the United States," says CEO Edward Rosenfeld

Brokerage Telsey Advisory Group notes co's ~58% production exposure to China and mid-single-digit exposure to Mexico is resulting in cost pressure as co reassesses how it can adapt its supply chain

Stock has fallen 53% YTD, as of last close