SHOE CARNIVAL (SCVL) Company Report

Shoe Carnival, Inc. announced that Mark Worden departed from his position as President and Chief Executive Officer, effective February 24, 2026, and resigned from the Board of Directors.
Cliff Sifford, the Company's current Vice Chairman of the Board, was appointed Interim President and Chief Executive Officer, effective February 24, 2026. Mr. Sifford previously served as President and CEO from October 2012 to September 2019, and as Vice Chairman and CEO from September 2019 to September 2021.
For the fiscal year ended January 31, 2026 (Fiscal 2025), preliminary net sales were $1.135 billion.
Preliminary diluted earnings per share for Fiscal 2025 are expected to be $1.90.
The Company ended Fiscal 2025 with over $130 million of cash, cash equivalents, and marketable securities, marking the 21st consecutive year with no debt.

7 days ago

8-K

Shoe Carnival Announces CEO Transition and Preliminary Fiscal 2025 Results

SCVL

CEO Change

Guidance Update

Earnings

Cliff Sifford has been appointed Interim President and Chief Executive Officer of Shoe Carnival, effective February 24, 2026, succeeding Mark Worden who departed from his position and resigned from the Board.
For the fiscal year ended January 31, 2026 (Fiscal 2025), Shoe Carnival reported preliminary net sales of $1.135 billion.
The company expects diluted earnings per share for Fiscal 2025 to be $1.90, which is $0.03 higher than consensus expectations.
Shoe Carnival ended Fiscal 2025 with over $130 million in cash, cash equivalents, and marketable securities and marked its 21st consecutive year with no debt.

7 days ago

Press Release

Shoe Carnival Declares Quarterly Dividend and New Share Repurchase Program

SCVL

Dividends

Share Buyback

Shoe Carnival, Inc. declared a quarterly cash dividend of $0.15 per share, payable on January 26, 2026, to shareholders of record as of January 12, 2026.
The company's Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2026.
This new share repurchase program will replace an existing $50 million program expiring on December 31, 2025, and will allow purchases through December 31, 2026.

Dec 12, 2025, 11:30 AM

8-K

Shoe Carnival Reports Mixed Q3 Results, Raises FY25 EPS Guidance Amid Rebranding Efforts

SCVL

Earnings

Guidance Update

New Projects/Investments

Shoe Carnival reported mixed third-quarter results, with GAAP EPS of $0.53 and revenue of $297.2 million, a 3.2% decline from the previous year.
Despite a 2.7% decline in comparable store sales, the company improved its gross profit margin by 160 basis points to 37.6% and ended the quarter debt-free.
The company raised its fiscal 2025 EPS guidance to a range of $1.80 to $2.10 per share, while reaffirming net sales guidance between $1.12 billion and $1.15 billion.
Strategic initiatives include plans to rebrand over 90% of its stores as Shoe Station by fiscal year 2028, and to release $100 million in working capital and achieve $20 million in cost savings by 2027.
Rebranding investments negatively impacted Q3 EPS by approximately $0.22 and year-to-date EPS by $0.58.

Nov 20, 2025, 4:45 PM

Morningstar

Shoe Carnival Reports Strong Q3 2026 Results, Announces Corporate Name Change to Shoe Station Group, and Updates Fiscal 2025 Guidance

SCVL

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Shoe Carnival reported Q3 2026 net sales of $297.2 million and EPS of $0.53, both exceeding consensus expectations. The gross profit margin expanded 160 basis points to 37.6%.
The Board of Directors unanimously approved changing the corporate name to Shoe Station Group, subject to shareholder approval in June 2026, reflecting a strategic shift towards the higher-income Shoe Station customer.
The company completed 101 store re-banners in fiscal 2025, with Shoe Station now representing 34% of the total store fleet, and expects it to reach 51% by back-to-school 2026.
For fiscal year 2025, net sales guidance was reaffirmed at $1.12 billion-$1.15 billion, while EPS guidance was raised to $1.80-$2.10.
The company expects $20 million in annual cost savings and $100 million freed from inventory reduction by the end of fiscal 2027, with a return to sales and earnings growth in fiscal 2027 and acceleration into fiscal 2028. The company remains debt-free with over $100 million in cash and securities.

Nov 20, 2025, 2:00 PM

Transcript

SCVL Reports Q3 2026 Results and Details Strategic Re-bannering to Shoe Station Group

SCVL

Earnings

Guidance Update

New Projects/Investments

SCVL reported Q3 2026 EPS of $0.53 and net sales of $297.2 million, with gross profit margin expanding 160 basis points to 37.6%. Shoe Station net sales grew 5.3%, while Shoe Carnival net sales declined 5.2%.
The company's Board of Directors approved changing its corporate name to Shoe Station Group, subject to shareholder approval in June 2026, reflecting a strategic shift to consolidate under the Shoe Station brand. This strategy involves converting Shoe Carnival locations to the Shoe Station format, with 101 re-banners completed in fiscal 2025 and Shoe Station locations expected to be 51% of the fleet by back-to-school 2026.
This transformation is expected to generate $20 million in annual cost savings and free up $100 million in working capital from inventory reduction by the end of fiscal 2027. The company is funding this from its strong financial position, being debt-free with over $100 million in cash and securities.
For fiscal year 2025, SCVL reaffirmed net sales guidance of $1.12 billion-$1.15 billion and raised EPS guidance to $1.80-$2.10. Fiscal year 2026 is expected to be a year of continued investment with lower EPS than fiscal 2025, with sales and earnings growth resuming in fiscal 2027 and accelerating in fiscal 2028.

Nov 20, 2025, 2:00 PM

Transcript

Shoe Carnival Reports Q3 2025 Results and Updates Fiscal 2025 Outlook

SCVL

Earnings

Guidance Update

New Projects/Investments

Shoe Carnival, Inc. reported Q3 2025 net sales of $297.2 million and diluted EPS of $0.53, both exceeding consensus expectations. This compares to net sales of $306.9 million and diluted EPS of $0.70 in the prior year period.
The company reaffirmed its Fiscal 2025 net sales outlook and updated its EPS outlook to a range of $1.80 to $2.10, increasing the lower end by $0.10.
Progress on the One Banner Strategy includes 5.3 percent net sales growth for Shoe Station in Q3 2025, with over 90 percent of the fleet expected to operate as Shoe Station by the end of Fiscal 2028. This strategy is anticipated to yield $20 million in annual cost savings and a $100 million inventory reduction by the end of Fiscal 2027.
Shoe Carnival ended Q3 2025 debt-free with $107.7 million in cash, cash equivalents, and marketable securities, an 18.2 percent increase from the prior year.

Nov 20, 2025, 11:20 AM

8-K

Shoe Carnival Announces Name Change to Shoe Station Group

SCVL

Earnings

Guidance Update

New Projects/Investments

Shoe Carnival, Inc.'s Board of Directors has unanimously voted to change the corporate name to Shoe Station Group, Inc., subject to shareholder approval at the Annual Meeting in June 2026.
This banner consolidation is projected to generate $20 million in annual cost savings and operating efficiencies by the end of Fiscal 2027, with over 90 percent of the fleet expected to operate as Shoe Station by the end of Fiscal 2028.
For Q3 Fiscal 2025, preliminary results show net sales of $297.2 million and diluted earnings per share of $0.53, both exceeding consensus expectations.

Nov 13, 2025, 2:05 PM

8-K

Shoe Carnival Announces Name Change to Shoe Station Group and Strategic Consolidation

SCVL

Guidance Update

Earnings

New Projects/Investments

Shoe Carnival's Board of Directors has unanimously voted to change the corporate name to Shoe Station Group, Inc., pending shareholder approval at the Annual Meeting in June 2026.
The company plans to consolidate its store fleet, with over 90 percent operating as Shoe Station by the end of Fiscal 2028, anticipating $20 million in annual cost savings and a 20-25 percent reduction in inventory investment by the end of Fiscal 2027.
Preliminary Q3 Fiscal 2025 results show net sales of $297.2 million and diluted EPS of $0.53, both exceeding consensus expectations.
In Q3 Fiscal 2025, Shoe Station net sales grew 5.3 percent with a 260 basis point margin expansion, contrasting with a 5.2 percent decline in Shoe Carnival net sales.