Steven Madden Ltd. (SHOO) shares plummeted 6.24% intraday following the release of its fourth-quarter financial results and a decision to withhold its annual earnings forecast due to uncertainty surrounding U.S. tariff policy.

The footwear and handbag maker reported a decline in quarterly adjusted earnings and a slight revenue miss against analyst expectations. More significantly, the company stated it would not provide an earnings outlook for fiscal 2026, citing uncertainty related to recent developments in U.S. tariff policy. This decision, combined with noted pressures from existing tariff costs on imports and expectations of higher operating expenses, contributed to negative investor sentiment.

While the company provided revenue growth guidance of 9% to 11% for 2026, the lack of a profit forecast and the broader economic uncertainties appear to have driven the sharp sell-off in the stock.