Shoe Carnival news and archive

Shoe Carnival posts positive Q3 amidst major rebranding efforts

Shoe Carnival, Inc. reported third-quarter results that surpassed expectations, underscoring the early success of its One Banner Strategy as the company accelerates its transition to the Shoe Station brand. Net sales for the quarter were 297.2 million dollars, ahead of consensus estimates, while earnings per diluted share were 53 cents....

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Shoe Carnival announces corporate name change to Shoe Station Group

Shoe Carnival, Inc. announced that its board of directors has unanimously approved a plan to change the company’s corporate name to Shoe Station Group, Inc., pending shareholder approval at the June 2026 Annual Meeting. The move marks a major strategic shift toward a single-banner business model centered on the rapidly expanding Shoe Station...

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Shoe Carnival welcomes back Kerry Jackson as CFO

Shoe Carnival, Inc., a leading family footwear and accessories retailer, has announced the appointment of W. Kerry Jackson as its executive vice president and chief financial officer, effective September 28, 2025. Jackson is returning to the CFO role after a brief retirement and a 35-year history with the company. He previously served as the...

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Shoe Carnival's 'Rebanner' strategy drives growth in Q2 2025

Shoe Carnival, a leading footwear retailer, announced its second-quarter fiscal 2025 results and updated its full-year outlook. The company reported a net income of 19.2 million dollars, or 70 cents per diluted share, beating the consensus by over 20 percent. This came despite a 7.9 percent decrease in net sales, which totalled 306.4 million...

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Shoe Carnival names Kerry Jackson SVP of New Business Development

Shoe Carnival has appointed Kerry Jackson as Senior Vice President of New Business Development. In this new role, Jackson will lead the company’s merger and acquisition strategy, integration efforts, and operational synergy initiatives. He begins on 9 June 2025 and will report to President and CEO Mark Worden. Jackson, a 35-year veteran of the...

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Shoe Carnival posts FY24 sales growth, cautious on FY25 forecast

Footwear retailer Shoe Carnival reported net sales of 1.203 billion dollars, up 2.3 percent for fiscal 2024 driven by continued growth from Shoe Station’s 5.7 percent net sales growth and over 80 million dollars in net sales from Rogan’s, partially offset by a 3.9 percent comparable store sales decline, driven by Shoe Carnival. Net income grew...

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Shoe Carnival's Q3 comparable sales decline by 4.1 percent

Shoe Carnival’s net sales in the third quarter declined to 306.9 million dollars. The company said, without the impact of the retail calendar shift, net sales increased by 2.2 percent versus prior year. Comparable store net sales for the thirteen-week period ended November 2, 2024 declined 4.1 percent. “Our Back-to-School results were strong,...

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Shoe Carnival Q4 sales drop but outlook remains positive

Footwear group Shoe Carnival has revealed its fourth quarter operating results, a period in which it experienced a 3.6 percent drop in net sales to 280.2 million dollars, yet a performance that was at the higher end of its expectations. Comparable store sales for the company also fell in line with forecasts, declining 9.4 percent due to “soft...

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Shoe Carnival acquires Rogan Shoes for 45 million dollars

Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 store locations in Wisconsin, Minnesota, and Illinois, for 45 million dollars. The company expects this acquisition to generate approximately 84 million dollars in sales and approximately 10 million dollars in operating income in 2024. Shoe Carnival...

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Shoe Carnival names new chief financial officer

Footwear specialist Shoe Carnival has announced the appointment of Patrick Edwards as the company’s senior vice president, chief financial officer, secretary and treasurer, effective immediately. While Edwards was most recently the retailer’s executive officer, he has also served as its chief accounting officer and secretary since 2021 and had...

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Shoe Carnival lowers FY outlook as Q2 sales, profits fall

US footwear retailer Shoe Carnival has lowered its full-year guidance after reporting falling sales and profitability in the second quarter of the year. The Evansville, Indiana-based company generated revenue of 294.6 million dollars in the three months ended July 29, a drop of 5.7 percent from the prior-year period. Comparable store sales were...

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Shoe Carnival posts 7.2 percent drop in Q4 sales

Shoe Carnival's fourth quarter 2022 net sales of 290.8 million dollars decreased 22.6 million dollars or 7.2 percent, compared to the fourth quarter of 2021. In January 2023, the first comparable month without government stimulus, net sales increased low single digits versus January 2022. However, fourth quarter net sales increased 50.9 million...