Steven Madden rises after quarterly earnings beat

Shares of shoe maker Steven Madden SHOO.O rise as much as 14% to $22.69 in early trading

Stock set for its best day in over five years, if gains hold

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

SHOO 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