Shoe Carnival up after preliminary third-quarter results beat

Shoe Station

13/11/2025 16:26

** Shares of footwear retailer Shoe Carnival SCVL.O up 6% at $17.89 in morning trading

** Preliminary Q3 net sales of $297.2 million slightly ahead of analysts' estimate of $295.3 million- data compiled by LSEG

** Q3 EPS 53 cents vs estimates of 51 cents

** Co's board changes Shoe Carnival corporate name to Shoe Station Group, subject to shareholder vote set for June 2026

** Expects over 90% of its fleet to operate as Shoe Station by end of fiscal 2028

** Banner consolidation is expected to generate $20 million in annual cost savings and operating efficiencies

** Co is set to report Q3 results on November 20

** As of last close, stock down ~50%,YTD

 (Reporting by Koyena Das)

 ((Koyena.das@thomsonreuters.com))