Shoe Carnival announces CEO change, preliminary annual results; shares fall

Shoe Station

25/02/2026 14:53

**  Shares of footwear retailer Shoe Carnival SCVL.O down 5.5% at $19.85 in early trading

** SCVL names its board vice chairman and ex-CEO, Cliff Sifford, as interim CEO, effective Tuesday

** Sifford, age 72, served as CEO of SCVL from 2012 to 2021, and has been with co since 1997

** Sifford replaces Mark Worden, who departed from the company; SCVL says it will commence a search for a permanent successor

** Co reports fiscal 2025 EPS of $1.90, beating estimates by 3 cents, while net sales of $1.14 billion in line with expectations- data compiled by LSEG

** Shares fell 49% in 2025

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))