Steven Madden, Ltd.

Good day and thank you for standing by. Welcome to the first quarter 2026 Steve Madden Limited Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone and you will then hear an automated message advising that your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Danielle McCoy, VP of Corporate Development and Investor Relations. Please go ahead.

Thanks, Jill, and good morning, everyone. Thank you for joining our first quarter of 2026 earnings call and webcast. Before we begin, I'd like to remind you that our remarks that follow, including answers to your questions, between statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks that could cause actual results to materially differ from those expressed or implied by such forward-looking statements. These risks include, among others, matters that we have described in our press release issued earlier today and filings we make with the SEC. We disclaim any obligation to update these forward-looking statements, which may not be updated until our next quarterly earnings call, if at all. The financial results discussed on today's call are on an adjusted basis, unless otherwise noted. A reconciliation to most directly comparable GAAP financial measure and other associated disposures are contained in our earnings release. Joining me on the call today is Ed Rosenfeld, Chairman and Chief Executive Officer. and Dean Mazzuzzi, Chief Financial Officer and Executive Vice President of Operations. With that, I'll turn the call over to Ed. Ed?

All right. Well, thanks, Danielle. And good morning, everyone. And thank you for joining us to review Steve Madden's first quarter 2026 results. We got off to a solid start to the year in Q1, with healthy underlying demand across our brands, driven by our team's disciplined execution of our strategy for long-term growth. the foundation of which is deepening connections with consumers through compelling product assortments and effective marketing. Our flagship brand, Steve Madden, continued to gain momentum as the on-trend assortments created by Steve and his design team resonated with consumers. We saw strength across classifications, including casuals, dress shoes, and boots, and we capitalized on a variety of trends in style and materials, including split toes, velcro, hidden wedges, mesh, and ballet-inspired looks. Our marketing team supported these assortments with rich brand and product storytelling, including our Hello Spring campaign featuring it girl Delilah Bell and a full funnel approach that drove strong new customer acquisition and cultural relevance. And the combination of trend right product and targeted marketing investments drove measurable brand heat. Online searches for Steve Madden increased 27% in the quarter. and global DTC comp sales rose 6% or 10%, excluding our stores in the Middle East. For the year, we continue to expect mid- to high-single-digit revenue growth in the Steve Madden brand. Kurt Geiger London also delivered another strong quarter. In handbags, in addition to continued strength in the Kensington collection, new totes and shoulder bags drove strong demand. And in shoes, sandals were a standout, including exceptional performance in Mina Eagle slides. We also made progress on our key growth initiatives, including new store openings in the United States and international expansion into new markets. We now have leases secured for four new full-price stores and one premium outlet in the U.S. in 2026. And we signed a new franchise and distribution agreement with Reliance Brands to bring Kurt Geiger to India, beginning in Q4. For the quarter, revenue for the Kirk Geiger brand increased 23% on a pro forma basis. And based on the momentum we are seeing, we have increased our forecast and now expect mid-teens pro forma revenue growth in the Kirk Geiger brand for the year. In Dolce Vita, we delivered a compelling spring assortment with particular strength in jelly, raffia, and woven styles across footwear and handbags. that drove robust sell-through with key wholesale customers, including Nordstrom, Dillard's, and Macy's. We also continued to gain traction with our key growth initiatives of expanding the handbag category and growing in international markets. For 2026, we continue to expect high single-digit revenue growth in Dolce Vita. Now, despite all this, in the first quarter, we saw, as expected, a decline in organic revenue driven by softness in private label and lower Steve Madden handbag revenue in the U.S. wholesale channel. That, combined with SG&A pressure from the normalization of incentive compensation and increased warehouse expenses, resulted in an earnings decline for the quarter. But looking ahead, based on the strong underlying demand trends across our brand portfolio, we expect to return to earnings growth in the second quarter and deliver strong top and bottom line growth for the full year. And looking out further, we are confident that our powerful brands, proven business model, and talented team position us to deliver sustainable growth for years to come. And now, I'll turn it over to Zeen to review our first quarter 2026 financial results in more detail and provide our updated outlook for 2026.