Steven Madden slips after surprise quarterly loss on tariff impact

Shares of shoe and handbag maker Steven Madden SHOO.O down ~5% at $25 premarket

Company posts a surprise quarterly loss and refrains from providing fiscal 2025 forecasts due to the impact of tariffs on goods imported into the U.S.

Posts second-quarter loss of 56 cents per share on a reported basis, compared with analysts' estimates of a profit of 24 cents per share, according to data compiled by LSEG

Logs adjusted net income per share of 20 cents, lower than 57 cents per share reported a year ago; analysts' estimated profit of 20 cents per share

SHOO posts quarterly sales of $556.1 million versus analysts' estimate of $580 million due to a 6.4% decline in wholesale revenue

Up to last close, SHOO down 38.1% YTD