Results were in line except for non-recurring charges. Guidance reaffirmation removes downside near-term, but margin compression and slow rebanner pace keep growth tepid. Watch Q2 for Shoe Station trends and tariff cost passthrough; $43M buyback authorization provides downside support.
Price Chart
Executive Summary
Shoe Carnival reported Q1 FY2026 adjusted EPS of $0.23, in line with consensus, and net sales of $270.7M (slightly above $267.3M estimate), but GAAP net loss of $(0.21) due to $13.6M in CEO transition and strategic review charges. Revenue declined 2.5% YoY, gross margin compressed 120 bps to 33.3%, and FY2026 guidance was reaffirmed with adjusted EPS of $1.40-$1.60.
Key Financial Metrics
Key Facts
- Q1 2026 net sales $270.7M vs $277.7M YoY, down 2.5% (comp sales -2.1%)
- Adjusted EPS $0.23, in line with consensus; GAAP EPS $(0.21) on $13.6M pretax charges
- Gross margin 33.3%, down 120 bps YoY; merchandise margin -140 bps on promotions and shipping
- Ended quarter with $129.3M cash/marketable securities, debt-free
- Repurchased 390,492 shares for ~$7.0M; $43M remaining under authorization
- Reaffirmed FY2026 guidance: net sales $1.125B-$1.147B (flat to -1%), adj EPS $1.40-$1.60
- FY2026 guidance includes ~260 bps gross margin compression and $12-$14M adj SG&A reduction
Financial Impact
Q1 revenue $270.7M vs consensus $267.3M (~1.3% beat) but down 2.5% YoY; adj EPS in line; FY guidance unchanged
Risk Factors
- Tariff-driven gross margin compression of ~260 bps for FY2026
- Continued weakness in lower-income consumer pressuring Shoe Carnival banner comps
- Slower rebanner conversion and impairment charges signal reduced near-term growth
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-233317 |
| Document: scvl-20260521.htm | 0001193125-26-233317 |
| Document: 0001193125-26-233317-index-headers.html | 0001193125-26-233317 |
| Document: 0001193125-26-233317-index.html | 0001193125-26-233317 |
| Document: 0001193125-26-233317.txt | 0001193125-26-233317 |
| 8-K Data (Synthetic) | 0001193125-26-233317 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | SC 13G/A | — | awaiting T+60 | — | — |
Sep 17, 2026 5w ago | Court Ruling | — | awaiting T+60 | — | — |
Jun 11, 2026 19w ago | Institutional Cluster | $17.43 | awaiting T+60 | — | — |
May 21, 2026 22w ago | 8-K | $17.27 | awaiting T+60 | — | — |
Feb 25, 2026 34w ago | 8-K | $19.41 $15.77 | ▼ −18.76% | ▼ −25.71% | — |
US Market Status
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