Steven Madden — May 6, 2025 release

The Company spent $7.8 million on repurchases of shares through the net settlement of employees’ stock awards.   Quarterly Cash Dividend   The Company’s Board of Directors approved a quarterly cash dividend of $0.21 per share. The dividend is payable on June 20, 2025 to stockholders of record as of the close of business on June 9, 2025.   Acquisition of Kurt Geiger   On May 6, 2025, the Company completed its previously announced acquisition of UK-based Kurt Geiger from a group led by international private equity firm Cinven for an enterprise value of approximately £289 million in cash. For the twelve months ended February 1, 2025, Kurt Geiger had revenue of £400 million. In connection with the acquisition, the Company entered into a new credit agreement which provides for a $300 million term loan facility and a $250 million revolving credit facility. The Company funded the acquisition with borrowings under the new credit agreement and cash on hand.   2025 Outlook   Due to macroeconomic uncertainty related to the impact of new tariffs on goods imported into the United States, the Company is withdrawing the 2025 financial guidance provided in its earnings release on February 26, 2025 and is not providing guidance at this time.   Conference Call Information   Interested stockholders are invited to listen to the conference call scheduled for today, May 7, 2025, at 8:30 a