Steven Madden Still Can’t Provide Outlook, Blames Tariffs (1)

Steven Madden Ltd. shares fell after the fashion company said tariffs are making it so hard to gauge how its business will perform that it’s not providing an outlook for the rest of the year.

The “continued macroeconomic uncertainty related to the impact of new tariffs on goods imported into the United States” means the shoe retailer “is not providing 2025 financial guidance at this time,” it said in a statement.

The shares dropped 8.9% at 9:58 a.m. on Wednesday in New York. The stock had declined 38% for the year through Tuesday’s close.

The New York City-based company ...