Steven Madden — Nov 7, 2024 release

  $ 64,805     $ 65,120     $ 153,048     $ 137,662                                     GAAP diluted net income per share   $ 0.77     $ 0.87     $ 1.87     $ 1.81                                     Adjusted diluted net income per share   $ 0.91     $ 0.88     $ 2.12     $ 1.84     Table 7 - Reconciliation of GAAP diluted net income per share to Adjusted diluted net income per share in 2024 outlook       Updated 2024 Outlook       Low End     High End                 GAAP diluted net income per share   $ 2.36     $ 2.41   Non-GAAP Adjustments     0.26       0.26   Adjusted diluted net income per share   $ 2.62     $ 2.67     Non-GAAP Adjustments include the items below.   For the third quarter of 2024:   ● $3.2 million pre-tax ($3.7 million after-tax) expense in connection with a divestiture of a business, included in operating expenses. ● $1.5 million pre-tax ($1.1 million after-tax) expense in connection with an acquisition and formation of joint ventures, included in operating expenses. ● $8.6 million pre-tax ($6.6 million after-tax) expense in connection with a trademark impairment. ● $2.6 million pre-tax ($2.0 million after-tax) benefit in connection with the change in valuation of a contingent consideration in connection with the acquisition of Almost Famous.   For the third quarter of 2023:   ● $2.7 million pre-tax ($2.3 million after-tax) expense in connection with the write-off of an investment in a subsidiary in Asia, included in operating expenses. ● $2.2 million pre-tax ($1.6 million after-tax) benefit in connection with the dissolution of an entity in Asia, included in operating expenses.   Contact   Steven Madden, Ltd. VP of Corporate Development & Investor Relations Danielle McCoy 718-3