Shoe Carnival (NASDAQ:SCVL) Posts Earnings Results, Beats Estimates By $0.03 EPS

Shoe Carnival (NASDAQ:SCVL) posted its quarterly earnings results on Thursday. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03, Zacks reports. Shoe Carnival had a return on equity of 7.75% and a net margin of 4.60%.The firm had revenue of $270.73 million during the quarter, compared to analyst estimates of $268.73 million. During the same period last year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis.

Here are the key takeaways from Shoe Carnival’s conference call:

• Shoe Carnival said it will close 12-14 underperforming stores in fiscal 2026 and another 6-10 in fiscal 2027, while also taking about $8 million in strategic review charges tied to the reset.
• The company is abandoning a single-banner strategy; Shoe Carnival and Shoe Station will remain permanent, independent concepts serving different customer segments.
• Management said Q1 trends improved at Shoe Carnival, with banner sales down 2.2% and comparable sales down about 1.7%, a notable improvement versus the deeper declines seen through fiscal 2025.
• Shoe Station sales fell 3.1% in the quarter, and the company acknowledged its previously standardized assortment did not resonate in all converted stores, requiring localized merchandising fixes.
• The company reaffirmed fiscal 2026 guidance and highlighted strong liquidity, ending the quarter with $129.3 million in cash and marketable securities, no debt, and continued shareholder returns via dividends and buybacks.

Shoe Carnival Stock Performance

NASDAQ:SCVL opened at $17.27 on Friday. The firm has a market capitalization of $474.58 million, a price-to-earnings ratio of 9.09 and a beta of 1.44. Shoe Carnival has a 52-week low of $14.91 and a 52-week high of $26.57. The stock has a fifty day moving average of $17.33 and a 200 day moving average of $18.13.

Shoe Carnival Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 6th were paid a dividend of $0.17 per share. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, April 6th. Shoe Carnival’s dividend payout ratio is 35.79%.

Shoe Carnival News Roundup

Here are the key news stories impacting Shoe Carnival this week:

• Positive Sentiment: Shoe Carnival reported first-quarter EPS of $0.23, topping analyst estimates of $0.20, while revenue of $270.7 million also came in slightly ahead of expectations. The market appears to be rewarding the earnings beat and the company’s comments that sales trends are improving. Shoe Carnival Reports First Quarter 2026 Results
• Positive Sentiment: The company said Shoe Carnival banner net sales declined 2.2%, which was described as a meaningful improvement versus the trends seen through fiscal 2025, suggesting the turnaround effort may be gaining traction. Shoe Carnival Reports First Quarter 2026 Results
• Neutral Sentiment: Several earnings recap and transcript articles highlighted strategic growth plans and management’s discussion of operating amid a challenging retail environment, reinforcing that investors are weighing a modest rebound against still-soft demand. Shoe Carnival Inc (SCVL) Q1 2026 Earnings Call Highlights: Strategic Growth Amidst Market Challenges
• Neutral Sentiment: One article noted SCVL now screens at a single-digit ex-cash P/E, which may appeal to value investors, but the same commentary questioned whether the stock is a “falling knife,” underscoring ongoing debate about the sustainability of the move. Shoe Carnival Gets To Single-Digit P/E Ex-Cash, But Is A Falling Knife
• Negative Sentiment: Despite the earnings beat, first-quarter revenue was still down 2.5% from a year ago, and EPS fell from $0.34 last year to $0.23, reminding investors that profitability and sales remain under pressure. Shoe Carnival Reports First Quarter 2026 Results

Insider Transactions at Shoe Carnival

In other Shoe Carnival news, CFO W Kerry Jackson acquired 31,000 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was bought at an average price of $16.13 per share, with a total value of $500,030.00. Following the completion of the purchase, the chief financial officer owned 215,529 shares of the company’s stock, valued at approximately $3,476,482.77. This represents a 16.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 33.60% of the company’s stock.

Institutional Investors Weigh In On Shoe Carnival

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in Shoe Carnival by 215.9% during the first quarter. Millennium Management LLC now owns 321,764 shares of the company’s stock valued at $7,076,000 after purchasing an additional 219,918 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Shoe Carnival by 341.9% in the fourth quarter. Jane Street Group LLC now owns 205,942 shares of the company’s stock worth $3,476,000 after buying an additional 159,339 shares during the period. Jump Financial LLC increased its holdings in shares of Shoe Carnival by 1,050.1% in the second quarter. Jump Financial LLC now owns 173,670 shares of the company’s stock worth $3,249,000 after buying an additional 158,570 shares during the period. Gabelli Funds LLC purchased a new position in Shoe Carnival during the 2nd quarter valued at about $2,615,000. Finally, BNP Paribas Financial Markets increased its holdings in Shoe Carnival by 179.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 194,045 shares of the company’s stock valued at $4,034,000 after purchasing an additional 124,510 shares during the period. Institutional investors own 66.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SCVL shares. Williams Trading set a $22.00 price target on Shoe Carnival in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shoe Carnival in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Shoe Carnival Company Profile

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.