Shoe Carnival's Q4 earnings per share exceeded expectations, but revenue fell short of forecasts.

LootboxPhobia · 2026-03-26T17:41:09+00:00

Shoe Carnival in Millburg, South Carolina, announced an adjusted Q4 earnings of $0.33 per share, beating expectations, but revenue of $254.1 million fell short of forecasts. The fiscal year 2025 earnings per share are expected to be $1.90, with total revenue projected to decline by 5.6%. Despite gross profit margins exceeding 35% for the fifth consecutive year, the 2026 earnings guidance is below market expectations.

LootboxPhobia

2026-03-26 17:41:09

Abstract generation in progress

Myrtle Beach, South Carolina - Thursday, Shoe Carnival, Inc. (NASDAQ: SCVL) announced its fourth-quarter adjusted earnings per share of $0.33, beating analysts’ consensus estimate of $0.30 by about $0.03, but revenue was $254.1 million, below the expected $255.83 million. Quarterly revenue declined 3.4% year-over-year from $262.9 million to $254.1 million, with comparable store sales down 3.5%.

Following the earnings release, the company’s stock rose 0.67% in after-hours trading.

For fiscal year 2025, the shoe retailer reported adjusted earnings per share of $1.90, surpassing market expectations, while full-year revenue decreased 5.6% from $1.203 billion in 2024 to $1.135 billion.

The gross profit margin for the year reached 36.6%, marking the fifth consecutive year above 35%, an increase of 100 basis points from the previous year.

Interim President and CEO Cliff Sifford stated, “Q4 performance exceeded market expectations, and FY2025 demonstrated our organization’s execution capabilities in a challenging retail environment.”

The company’s growth brand Shoe Station achieved net sales of $236.7 million in FY2025, accounting for 21% of total revenue, with organic growth of 2.7% compared to the previous year.

This brand outperformed the household footwear industry and surpassed Shoe Carnival’s overall performance by 10.4 percentage points. However, the company is slowing its brand conversion pace, planning to complete about 21 store conversions in the first half of FY2026, compared to 101 in FY2025, due to varying in-store performance of different rebranded stores.

For FY2026, Shoe Carnival provided an adjusted EPS guidance of $1.40 to $1.60, below current market expectations. The midpoint of $1.50 represents a significant decline from $1.90 in FY2025.

The company expects net sales to decrease by 1% to increase by 1% compared to FY2025, with gross profit margin projected to decline about 260 basis points to 34%, due to increased tariffs and promotional activities.

At the end of FY2025, the company achieved 21 consecutive years of zero debt, holding $130.7 million in cash and marketable securities. The board approved an increase in quarterly dividends to $0.17 per share, marking the 12th consecutive year of dividend increases.

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