Shoe Carnival, Inc.’s earnings slid 38.3 percent in the fourth quarter ended January 30 but topped analyst expectations. Comps were down 3.5 percent with a decline of 4.5 percent at the Shoe Carnival banner and flat comps at Shoe Station. The retailer indicated it plans to slow the pace of conversions to the Shoe Station banner in the first half of 2026 due to a subpar performance of some recent rebannered locations in certain markets.
Net sales in the fourth quarter of Fiscal 2025 were $254.1 million, near the midpoint of the company’s guidance range, compared to $262.9 million in the fourth quarter of Fiscal 2024. Comparable store sales declined 3.5 percent.
Net income was $9.1 million, or 33 cents per diluted share, exceeding consensus expectations by 3 cents. Earnings were down 38.3 percent from $14.7 million, or 54 cents a share. The company estimates rebanner investments reduced fourth quarter EPS by approximately 8 cents a share, primarily impacting selling, general and administrative expenses.
Results were said to be in line with a pre-announcement provided on February 25.
At the time, the retailer said Mark Worden had departed from his position as the company’s president and CEO and had resigned from the Board of Directors, effective February 24. Cliff Sifford, vice chairman and former CEO, was appointed interim president and CEO.
Image courtesy Shoe Carnival
See below for additional SGB Executive coverage and SCVL’s guidance, Shoe Station’s future, and segment performance, including commentary from CEO Cliff Sifford and CFO Kerry Jackson:
EXEC: Shoe Carnival Touts Air Jordan Launch, Reassesses Shoe Station Conversions
