Shoe Carnival Shares Rise After Q1 Report

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“Our reappraisal confirmed that the Shoe Carnival and Shoe Station banners each service chiseled user segments, and that the institution is champion positioned to run some banners are permanent, autarkic components of our portfolio,” Sifford said successful a statement.

Sifford acknowledged that “there’s much enactment to do,” but that archetypal 4th results were besides successful enactment with statement expert expectations connected the cardinal fiscal metrics.

“The Shoe Carnival banner narrowed its year-over-year income diminution meaningfully compared to Fiscal 2025 trends,” the CEO said, adding that “we consciousness assured astir maturation opportunities for the Shoe Station banner” done caller store maturation and the rebannering of prime Shoe Carnival doors to Shoe Station locations.

The footwear retailer ended the 4th debt-free, with merchandise inventories astatine $417.2 million, down $11.2 cardinal from year-ago levels. Shoe Carnival said it expects inventory declines of $50 cardinal to $65 cardinal by the extremity of Fiscal 2026.

For the archetypal 4th ended May 2, the nett nonaccomplishment was $5.6 million, oregon 21 cents a diluted share, against nett income of $9.3 million, oregon 34 cents, successful the aforesaid year-ago period. On an adjusted basis, diluted net per stock (EPS) were 23 cents. Net income slipped 2.5 percent to $270.7 cardinal from $277.7 million. The institution said comparable store income were down 2.1 percent.

Wall Street’s statement per Yahoo Finance was adjusted diluted EPS of 23 cents connected gross of $267.3 million.

By banner, Shoe Carnival nett income were $177.3 million, representing 65 percent of full nett income and slipping 2.2 percent that included a comparable store nett income alteration of 1.7 percent. The institution said this was an betterment compared to mid-to-high azygous digit quarterly declines passim Fiscal 2025. At Shoe Station, nett income were $93.4 million, oregon 35 percent of full nett income and a 3.1 percent diminution that included a comparable store nett income autumn of 2.9 percent.