Shoe Station tumbles after cutting annual profit, sales forecasts

Shoe Station

10/09/2026 11:58

** Shares of footwear retailer Shoe Station SHOE.O fall 23.3% to $9.9 premarket
** Co lowers FY26 adj.EPS forecast to between 75 cents and 90 cents, down from prior outlook of $1.4 to $1.6
** Co slashes FY26 net sales forecast to between $1.1 bln and $1.11 bln from previous range of $1.13 bln to $1.15 bln
** Sales were impacted by merchandise assortments that were not fully aligned with the customers shopping at stores, says CEO 
** SHOE posts lower Q2 sales of $284.3 mln, compared with $306.4 mln a year earlier
** As of last close, stock down 23.4% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))