Press release
Shoe Carnival Reports Second Quarter Fiscal 2025 Results
FORT MILL, S.C.--(BUSINESS WIRE)-- Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, today
About this update from Shoe Carnival, Inc.
[{"type":"text","content":" FORT MILL, S.C.--(BUSINESS WIRE)--\nShoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, today reported results for the second quarter ended August 2, 2025 and updated its Fiscal 2025 outlook.\n\n\nSecond Quarter Fiscal 2025 and Back-to-School Highlights\n\n\n\nDelivered $0.70 EPS, beating consensus by over 20 percent.\n\n\n\nExpanded gross profit margin 270 basis points to 38.8 percent.\n\n\n\nAchieved positive comparable sales and margin expansion during August Back-to-School.\n\n\n\nShoe Station rebanner strategy delivered 8 percent comparable sales growth through year-to-date August.\n\n\n\nGrew cash double digits through fiscal August with zero debt, positioned to fund growth.\n\n\n\n“Our second quarter results demonstrate meaningful progress, with profits beating consensus by double digits and gross margins reaching 38.8 percent - our strongest Q2 margin performance in years,” said Mark Worden, President and Chief Executive Officer. “As we moved into Back-to-School in early August, our execution hit a higher level. We delivered positive comparable store sales for the Company and margin expansion across all banners during the period that drives approximately 25 percent of our annual profits. This return to growth during our highest-stakes season - ahead of our projected timeline - validates that our transformation is accelerating.”\n\n\nWorden continued, “Our rebanner strategy continues to deliver strong results. Through year-to-date August, the Shoe Station banner is outperforming the Shoe Carnival banner by a wide margin, with margins up sharply over last year. Our debt-free balance sheet with strong cash reserves allows us to invest aggressively in this proven model while remaining ready for strategic opportunities. By Back-to-School 2026, Shoe Station will be our majority concept, positioning us for sustained growth with a higher-income customer base, stronger margins, and improved returns.”\n\n\nShoe Station Growth Strategy\n\n\nAs of August 2, 2025, the Company operated 428 stores: 313 Shoe Carnival stores, 87 Shoe Station stores, and 28 Rogan's stores. The Shoe Station store count has more than doubled since second quarter 2024.\n\n\nThe Company completed 20 rebanner conversions during second quarter 2025, bringing year-to-date conversions to 44 stores. A...