Shoe Carnival Q1 sales, adjusted EPS fall less than expected

Shoe Station

21/05/2026 11:18

Overview

U.S. footwear retailer's Q1 sales declined yr/yr but beat analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company repurchased $7 mln in shares during Q1

Outlook

Shoe Carnival sees Fiscal 2026 net sales of $1.125 bln to $1.147 bln

Company expects Fiscal 2026 adjusted EPS of $1.40 to $1.60

Shoe Carnival says back-to-school and fall periods will drive most annual earnings

Result Drivers

PROMOTIONAL ACTIVITY - Co said increased promotional activity and higher e-commerce shipping costs drove gross margin decline

SALES TREND IMPROVEMENT - Shoe Carnival banner narrowed its sales decline compared to prior quarters, per CEO Cliff Sifford

REBANNER STRATEGY REVIEW - Co recorded charges related to strategic review and impairment of store locations, impacting reported results

Company press release: ID:nBw4l1YNsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$270.73 mln
$267.7 mln (3 Analysts)
Q1 Adjusted EPS
Beat
$0.23
$0.20 (3 Analysts)
Q1 Net Income
-$5.63 mln
Q1 Gross Profit
$90.1 mln
Q1 Operating Income
-$6.04 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 $22.00, about 39.5% above its May 20 closing price of $15.77

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)