Steven Madden, Ltd.

Welcome to the second quarter 2026 Steven Madden, Ltd. earnings call and webcast. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Danielle McCoy, Vice President of Corporate Development and Investor Relations. Please go ahead.

Thanks, Debbie, and good morning, everyone. Thank you for joining our second quarter 2026 earnings call and webcast. Before we begin, I'd like to remind you that our remarks that follow, including answers to your questions, contain 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 made 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. Financial results discussed on today's call are on an adjusted basis unless otherwise noted. A reconciliation to the most directly comparable GAAP financial measure or other associated disclosures are contained in our earnings release. Joining me on the call today are Ed Rosenfeld, Chairman and Chief Executive Officer, and Zine Mazouzi, Chief Financial Officer and Executive Vice President of Operations. With that, I'll turn the call over to Ed. Ed?

Okay, thanks, Danielle, and good morning, everyone, and thank you for joining us to review Steve Madden's second quarter 2026 results. We delivered robust top and bottom line growth in the second quarter, reflecting the strength of our brands and our team's disciplined execution of our long-term strategy. Total revenue grew 19% in the quarter, or 11% excluding Kirk Iger, and diluted EPS more than doubled from the second quarter last year. Our flagship brand, Steve Madden, was the highlight. continuing to gain momentum as consumers responded enthusiastically to the trend-bright assortments created by Steve and his design team. In women's footwear, we saw strong performance with dress shoes at various heel heights and outsized growth in the casual category. We capitalized on a variety of trends in style and materials, including split toes, jellies, hidden wedges, rhinestone mesh, ballet-inspired looks, thongs, and needle heels. Men's footwear also performed well across a range of categories, with particular strength in loafers. And in handbags, we returned to strong growth with totes, hobos, and crossbody styles that incorporated trending materials like straw, jelly, and denim. Our marketing team supported these assortments with integrated brand and product storytelling, including a deeper partnership with model Delilah Bell, who fronted our bait and switch summer campaign. Together, the combination of compelling product and strong market execution fueled a meaningful increase in brand heat. Global online searches for Steve Madden rose 71% in the quarter. Based on the strong momentum we are seeing, we have increased our forecast for Steve Madden brand revenue for the year and now expect a high single-digit increase compared to 2025. We also made meaningful progress in the quarter on our key growth initiatives for the Kirk Geiger London brand, In the U.S., building out Kirk Iger's store base is an important part of our strategy to increase brand awareness, showcase the full brand experience, and drive profitable growth. We opened two full-price stores in premium malls in the quarter, Tyson's Corner and Dayland, bringing us to a total of seven full-price stores in the U.S. The new stores are off to a good start, and the existing stores are performing well, driving strong four-wall profitability and delivering a 12% comp store sales gain in the second quarter. Six of the seven stores offer Kurt Geiger's unique one-of-a-kind personalization service, which enables customers to design their own Kensington bag and walk out with it in minutes. In the stores where it's available, the one-of-a-kind offering drove 17% of handbag sales, and we see this as a key differentiator for the brand that we will lean into going forward. Outside the U.S., we acquired a business in Spain and Portugal from our distributor in Q2, and we'll now operate that business in-house. and we are in active discussions with a number of potential distribution and joint venture partners for Kirk Geiger around the world. For the year, we continue to expect mid-teens pro forma revenue growth in Kirk Geiger. In Dolce Vita, we had an outstanding second quarter with strong growth across wholesale and DTC channels, driven by a compelling product assortment highlighted by Jellies, Ballet Flats, Mary Janes, Mid-Hill Dress Shoes and Donks. We also continue to gain momentum in handbags and make progress in international markets, including Canada, Mexico, and the UK. Based on the momentum we are seeing, we have increased our forecast for Dolce Vita revenue for the year and now expect high single-digit to low double-digit growth. Overall, our lead brands are deepening their connections with consumers and gaining relevance in the marketplace, and each is poised for meaningful growth ahead. Based on the strong performance in the second quarter, we are raising our consolidated revenue and earnings outlook for 2026. And looking out further, we believe our powerful brands, proven business model, talented team, and sound strategy position us to deliver sustainable revenue and earnings growth over the long term. And now, I'll turn it over to Zine to review our second quarter financial results in more detail and provide our updated outlook for 2026.