On this page of StockholderLetter.com we present the latest annual shareholder letter from STEVEN MADDEN, LTD. — ticker symbol SHOO. Reading current and past SHOO letters to shareholders can bring important insights into the investment thesis.
2025 ANNUAL REPORT


DEAR SHAREHOLDERS, &RPSDQ\ IRU ORQJ WHUP JURZWK 0 12 13 4 53 13 65 575 53 08 3 1 # " " / & " 9 13 <4 58 2 35 84 6 53 135 8 51 58 1 # " % + , " % " + , 9
/ 00 1 2 ! ! " " 3435 " ! " . ( "! ! ! ! ! ' $ 6 * ' , ' 7 , ' ( & ! ! ( " # , ! " * 3435 ! , ! 0 8 " 3439( " #' ! # $ * ) " ! ! # 7 , ( ( % 7 "! ! ' '( ' 7 ! ! 7 ' $
 • shareholder letter icon 4/6/2026 Letter Continued (Full PDF)
 • stockholder letter icon 4/10/2023 SHOO Stockholder Letter
 • stockholder letter icon 4/10/2024 SHOO Stockholder Letter
 • stockholder letter icon 4/7/2025 SHOO Stockholder Letter
 • stockholder letter icon More "Textiles & Apparel" Category Stockholder Letters
 • Benford's Law Stocks icon SHOO Benford's Law Stock Score = 85


SHOO Shareholder/Stockholder Letter Transcript:

2025 ANNUAL REPORT



DEAR
SHAREHOLDERS,






&RPSDQ\ IRU ORQJ WHUP JURZWK 
0 12 13   4 53    13  65   575     53 08 3 
1                         #     "                                   "    /                            
                                          &              "                                       9           



   13    <4 58  2 35   84  6 53 135    8   51 58
1  #       "                %            +   ,    "                         %        "                    

+   ,           9                                                                                       











             /  00       1               2   
 !                 !   "    "           3435 "   !             "    . ( "!  !                   
           !    !   !  '   $                   6   * '           ,  ' 7   ,     '            (   &      

        !     !        ( "  #    ,  !          "    *    3435 ! ,         !                            

0
8         
   "        3439( "                 #' !                  #       $                               *     

    )              " !        !         #      7    ,        (               (           %    7 "!   


!                '   '(       '   7      !   !       7     '                   $


shareholder letter icon 4/6/2026 Letter Continued (Full PDF)
 

SHOO Stockholder/Shareholder Letter (STEVEN MADDEN, LTD.) | www.StockholderLetter.com
Copyright © 2023 - 2026, All Rights Reserved

Nothing in StockholderLetter.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy.