Shoe Carnival Q1 FY26 loss widens to $5.63 million; net sales fall 2.5% to $270.7 million

Shoe Carnival, Inc.

Shoe Carnival, Inc.

SCVL

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  • Shoe Carnival posted a fiscal first-quarter net loss of $5.63 million, or $0.21 per diluted share, swinging from a profit a year earlier; adjusted EPS was $0.23.
  • Net sales slipped 2.52% to $270.7 million, with comparable store sales down 2.1%.
  • Gross margin narrowed 1.2 percentage points to 33.3%.
  • Pretax charges totaled $13.6 million, including $5.3 million tied to the CEO transition and $8.3 million linked to a strategic review of the rebanner program.
  • Management reaffirmed fiscal 2026 guidance for net sales of $1.125 billion to $1.147 billion, with adjusted EPS of $1.40 to $1.60.


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