Question · Q3 2025
James Ross inquired about the impact of Kurt Geiger's business mix on Q4 gross margins, seeking a deeper explanation. He also asked for color on international brand growth opportunities for both Steve Madden and Kurt Geiger, and their outlook for the upcoming year.
Answer
CFO and EVP of Operations Zine Mazouzi stated that Kurt Geiger's mix is expected to impact Q4 gross margins similarly to Q3, around 300 basis points. Chairman and CEO Ed Rosenfeld noted that Steve Madden continues to see high single-digit revenue growth in international markets for 2025 across EMEA, APAC, and the Americas ex-U.S., with continued growth expected in 2026. For Kurt Geiger, he anticipates very strong double-digit international growth for several years, as the brand is in early stages of growth outside the U.K. and U.S.
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