SCVL earnings analysis
What we found in SCVL's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.23
- Gross margin
- 33.3%
- Operating margin
- -2.2%
- Segment
- Shoe Carnival: $177.3M, -2.2% Y/Y
- Segment
- Shoe Station: $93.4M, -3.1% Y/Y
What they said about what is next.
Management reaffirmed their Fiscal 2026 guidance of $1.125B to $1.147B in net sales and adjusted EPS between $1.40 and $1.60.
The filing reads worse than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing SCVL makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever