Shoe Station Group's Q2 sales miss estimates, lowers outlook

Shoe Station

10/09/2026 11:21

Overview
U.S. footwear retailer's Q2 sales declined and missed analyst expectations
Company lowered full-year guidance due to ongoing promotional market and misaligned assortments

Outlook
Company lowers fiscal 2026 net sales outlook to $1.100 bln-$1.111 bln, down 2-3% vs 2025
Shoe Station Group cuts fiscal 2026 GAAP EPS forecast to $0.32-$0.47, Adjusted EPS to $0.75-$0.90
Company expects promotional environment to persist through rest of year

Result Drivers
PROMOTIONAL PRESSURE - Co said increasingly promotional footwear market and competitive pricing pressured sales and gross margin
ASSORTMENT MISALIGNMENT - Co said sales were hurt by merchandise assortments not fully aligned with customer preferences
INVENTORY LIQUIDATION - Co said liquidation of aged and excess inventory contributed to lower gross profit margin

Company press release: ID:nBw5JDZQ5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$284.31 mln
$296.86 mln (3 Analysts)
Q2 EPS
 
$0.23
 
Q2 Net Income
 
$6.26 mln
 
Q2 Comparable store sales Growth
 
-7.10%
 
Q2 Gross Profit
 
$90.61 mln
 
Q2 Operating Income
 
$7.62 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 Station Group Inc is $19.00, about 46.9% above its September 9 closing price of $12.93
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 11 three months ago

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Sept 9 - American Eagle sticks to annual sales forecast again, shares slump

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.)