Corrected: BRIEF-Shoe Carnival Outlook FY EPS USD 1.7-2.1

Shoe Station

04/09/2025 11:10

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Overview

Shoe Carnival Q2 EPS beats consensus by over 20%, per LSEG data

Company's Q2 sales miss analyst expectations, per LSEG data

Gross profit margin expands 270 basis points to 38.8%

Outlook

Shoe Carnival expects fiscal 2025 net sales of $1.12 bln to $1.15 bln

Company raises lower end of GAAP EPS guidance to $1.70 to $2.10

Gross profit margin expected to be 36.5% to 37.5% for fiscal 2025

SG&A expenses projected at $355 mln to $360 mln for fiscal 2025

Result Drivers

REBANNER STRATEGY - Shoe Station rebanner strategy delivered 8% comparable sales growth year-to-date, outperforming Shoe Carnival

MARGIN EXPANSION - Gross profit margin expanded 270 basis points to 38.8%, driven by disciplined pricing and favorable mix shift

BACK-TO-SCHOOL PERFORMANCE - Positive comparable sales and margin expansion achieved during August Back-to-School season

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$306.39 mln
$313.10 mln (3 Analysts)
Q2 EPS
$0.7
Q2 Net Income
$19.22 mln
Q2 Gross Profit
$118.81 mln
Q2 Operating Income
$25.23 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

Wall Street's median 12-month price target for Shoe Carnival Inc is $22.50, about 4.3% above its September 3 closing price of $21.53

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw5pVB7Ba

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)