earnings
confidence high
sentiment negative
materiality 0.65
Shoe Carnival Q1 adj EPS $0.23 in line, GAAP loss $(0.21) on $13.6M charges; reaffirms FY26 guidance
SHOE CARNIVAL INC
- Net sales $270.7M, down 2.5% YoY from $277.7M; Shoe Carnival banner -2.2%, Shoe Station -3.1%.
- GAAP diluted loss $(0.21) per share; adjusted EPS $0.23, matching consensus analyst expectations.
- Pretax charges of $13.6M: $5.3M for CEO transition, $8.3M for strategic review (store impairment, fixed asset write-offs).
- Cash $129.3M, debt-free; returned $12M to shareholders via dividends ($0.17/sh, up 13.3%) and $7M buybacks.
- Reaffirms FY26 guidance: net sales $1.125-$1.147B, adjusted EPS $1.40-$1.60, gross margin ~34%.