Operating Segment Information

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Operating Segment Information

The Company operates the following operating segments, which are presented as reportable segments: Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to-Consumer, and Licensing. Our Wholesale Footwear segment designs, sources, and markets our brands and sells our products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs throughout the United States, Canada, Mexico, and Europe, and through our joint ventures and international distributor network. Our Wholesale Accessories/Apparel segment designs, sources, and markets our brands, and sells our products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs throughout the United States, Canada, Mexico, and Europe and through our joint ventures and international distributor network. Our Direct-to-Consumer segment consists of Steve Madden® and Dolce Vita® full-price retail stores, Steve Madden® outlet stores, Steve Madden® concessions in international markets, and our directly-operated digital e-commerce websites. We operate retail locations in regional malls and shopping centers, as well as high streets in major cities across the United States, Canada, Mexico, Europe, Israel, South Africa, Taiwan, China, and the Middle East. Our Licensing segment is engaged in the licensing of the Steve Madden® and Betsey Johnson® trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.

Our Corporate activities do not constitute a reportable segment and include costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cyber security, and other shared services. The Chief Operating Decision Maker does not review asset information by segment; therefore we do not present assets in this note.

As of and for the three months ended,	Wholesale Footwear		Wholesale Accessories/Apparel		Total Wholesale		Direct-to-Consumer		Licensing		Corporate(1)		Consolidated
March 31, 2024
Total revenue	$	295,660	$	142,576	$	438,236	$	112,331	$	1,814	$	—	$	552,381
Gross profit	108,297		45,150		153,447		69,554		1,814		—		224,815
Income/(loss) from operations	$	63,115	$	18,171	$	81,286	$	(2,225)	$	1,314	$	(23,629)	$	56,746
Capital expenditures	$	897	$	94	$	991	$	2,211	$	—	$	777	$	3,979
March 31, 2023
Total revenue	$	282,321	$	79,816	$	362,137	$	99,600	$	2,097	$	—	$	463,834
Gross profit	107,522		26,514		134,036		58,959		2,097		—		195,092
Income/(loss) from operations	$	62,056	$	9,438	$	71,494	$	(4,247)	$	1,818	$	(22,554)	$	46,511
Capital expenditures	$	137	$	60	$	197	$	1,955	$	—	$	1,639	$	3,791

(1) Corporate does not constitute a reportable segment and includes costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cyber security, and other shared services.

Revenues by geographic area were as follows:

	Three Months Ended March 31,
	2024		2023
Domestic (1)	$	454,790	$	378,141
International	97,591		85,693
Total	$	552,381	$	463,834

(1) Includes revenues of $82,458 and $57,007, respectively, for the three months ended March 31, 2024 and March 31, 2023 related to sales to U.S. customers where the title is transferred outside the U.S. and the sale is recorded by the Company's international entities.