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In announcing plans to accelerate the rollout of Shoe Station, Mark Worden, Shoe Carnival’s president and CEO, told analysts that the Shoe Carnival locations, which the retailer has converted to premium Shoe Station concept, are seeing double-digit sales growth and accretive margins across affluent and rural markets.

Jacskon will return to Shoe Carnival in a new role, reporting directly to company President and CEO Mark Worden, spearheading the company’s merger and acquisition activities, integration of acquired businesses and synergy capture initiatives.

Shoe Carnival, Inc.’s earnings fell in the first quarter as sales slid 7.5 percent. However, the family shoe chain said its rebanner strategy is seeing strong success and Shoe Station is now expected to represent over 80 percent of its store fleet by March 2027, up from a previous target of 51 percent.

The move to re-banner comes as the posted mixed results in Q4, with top-line sales of $262.94 million missing analysts’ consensus estimate of $274.21 million, while Adjusted EPS of 54 cents beat the consensus estimate of 43 cents per share.

Carl Scibetta, senior executive vice president and chief merchandising officer, plans to retire in spring 2025 after working for over 50 years in the retail industry.

Sales accelerated during the peak back-to-school season and continued through the month of August. The company achieved low-single digit comparable store sales growth for Fiscal August 2024, driven by growth of the Children’s and Athletics categories.

Sales from the February 2024 acquisition of Rogan Shoes, Inc. were in line with expectations and continued growth in Shoe Station and e-commerce, combined with strengthening trends in the Shoe Carnival brand.

The acquisition is expected to be immediately accretive to the company’s fiscal 2024 earnings and generate approximately $84 million in sales and approximately $10 million in operating income, excluding transaction and integration costs.

Shoe Carnival, Inc.’s Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2024.

Shoe Carnival reported it gained market share in the family footwear channel due to a robust back-to-school season with particular strength in kids on strength in athletic; however, annual guidance was lowered for the third straight quarter as hot and dry weather in September and October caused a decline in the twenties in the boot category.

Shoe Carnival, Inc.’s Board of Directors approved a quarterly cash dividend payment of 12 cents per share, representing an increase of 20 percent from 10 cents per share.