Steven Madden Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net sales of $140,138,000, income from operations of $28,314,000, income before provision for income taxes of $28,802,000, net income of $17,831,000 or $0.97 diluted per share compared with net sales of $128,093,000, income from operations of $17,706,000, income before provision for income taxes of $17,954,000, net income of $11,088,000 or $0.62 diluted per share over the same period last year. For the nine months, the company reported net sales of $364,039,000, income from operations of $7,990,000, income before provision for income taxes of $59,242,000, net income of $36,552,000 or $2 diluted per share compared with net sales of $337,949,000, income from operations of $32,690,000, income before provision for income taxes of $33,832,000, net income of $20,774,000 or $1.11 diluted per share over the same period last year. The company provided earnings guidance for the full year ending December 31, 2009. For the period the company expects diluted EPS is in the range of $2.55 to $2.65 and net sales to increase in the range of 7%-8% compared to net sales in 2008.

Steven Madden Ltd reported 61% increase in third-quarter profit. The company is looking for acquisition opportunities. Chief Executive of the company, Edward Rosenfeld said: "In terms of (acquisition) size, we'll look at anything from very small to $100 million. There's nothing that we're looking at right now that's bigger than, say, $30 million or $40 million." The company has already executed a letter of intent relating to one prospective acquisition and the deal is likely to be completed by the end of 2009. He Edward Rosenfeld stated that the company is still interested in acquiring a fashion athletic brand. He said: "We see significant growth opportunities for many of the brands in our diversified portfolio as well as the opportunity to add to that portfolio through acquisitions and a new licensing agreement."

Steven Madden Ltd. announced that it has entered into a licensing agreement with L'Koral Industries to design and market a women's fashion apparel line for the Steve Madden brand. The collection is scheduled to debut in better department stores and specialty retailers in Spring 2010.