Total revenue increased 18.0% to $653.1 million compared to $553.5 million in Q1 2025. Net income attributable to Steven Madden, Ltd. rose to $71.8 million from $40.4 million in the prior year period. Diluted EPS was $1.00, up from $0.57 in Q1 2025. Gross margin expanded significantly to 54.7% from 40.9%, aided by a $55.1 million benefit from IEEPA tariff refunds. Operating expenses increased to $258.3 million, primarily due to the integration of the Kurt Geiger business.