Shoe Carnival CEO Mark Worden departs; Cliff Sifford interim; prelim FY EPS $1.90 beats consensus

SHOE CARNIVAL INC

Mark Worden departed as President and CEO and resigned from Board on Feb 24; not due to disagreement.
Vice Chairman Cliff Sifford appointed Interim President and CEO; company will search for permanent successor.
Preliminary FY2025 net sales $1.135B; diluted EPS expected $1.90, $0.03 above consensus.
Ended FY2025 with over $130M cash and marketable securities; 21st consecutive year with no debt.

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