10-K · March 26, 2026
Shoe Carnival is executing a strategic rebanner to scale its higher-margin Shoe Station concept: management rebannered 101 stores in Fiscal 2025 (including 28 Rogan’s stores) and Shoe Station now represents…
Earnings analysis · 10-Q
SCVL earnings analysis
Filed June 5, 2026 · Our reading of the company's report
The latest report
Shoe Carnival's Q1 2026 results indicate a revenue decline of 2.5% to $270.7 million compared to Q1 2025, with a diluted EPS of $0.23, slightly above expectations. Management's strategic review suggests a more cautious…
Read full summary
Shoe Carnival's Q1 2026 results indicate a revenue decline of 2.5% to $270.7 million compared to Q1 2025, with a diluted EPS of $0.23, slightly above expectations. Management's strategic review suggests a more cautious approach, now retaining both Shoe Carnival and Shoe Station banners but planning to close underperforming stores.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.23
What stood out
-
Revenue Exceeds Expectations
Q1 2026 revenue was $270.7 million, surpassing estimates by $2.5 million.
-
EPS Beat Consensus
Diluted EPS for Q1 2026 was $0.23, beating estimates of $0.20 by 15%.
-
Strong Cash Growth
Cash, cash equivalents, and marketable securities increased by $36.4 million, or 39.2%, to $129.3 million year-over-year.
-
Initiated Share Buybacks
Repurchased $7.0 million in shares under the share repurchase program during Q1 2026.
-
Decreased Inventory Levels
Merchandise inventories decreased by $11.2 million, or 2.6%, compared to one year ago.
-
Improved Operating Cash Flow
Operating cash flow generated was $23.1 million, a notable improvement from a cash outflow of $9.6 million in Q1 2025.
What to watch
-
Operational Losses
First quarter 2026 showed a net loss of $5.6 million, compared to a net income of $9.3 million in Q1 2025.
-
Increase in SG&A Expenses
SG&A expenses increased to $96.1 million in Q1 2026, a $12.3 million rise due to CEO transition costs.
-
Store Closures Planned
Management expects to close 12 to 14 underperforming stores during Fiscal 2026, signaling reduced growth prospects.
Management's outlook
Management reaffirmed their Fiscal 2026 guidance of $1.125B to $1.147B in net sales and adjusted EPS between $1.40 and $1.60.
Earlier filings 4
10-Q · December 5, 2025
Shoe Carnival reported quarterly net sales of $297.155 million (Q3) with gross margin improving to ~37.6% but operating income and diluted EPS declined to $18.623 million and $0.53, respectively. Inventory increased…
10-Q · June 6, 2025
Shoe Carnival reported first-quarter net sales of $277,715 (thousands) and diluted EPS of $0.34 for the thirteen weeks ended May 3, 2025, with operating income of $11,965 (thousands). Sales, gross profit and operating…
10-K · March 21, 2025
Shoe Carnival positions itself as a "bricks-first" omnichannel family footwear retailer, pursuing growth through acquisitions (Rogan’s) and an aggressive rebanner strategy to scale its higher‑margin Shoe Station…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.