Earnings ·
Shoe Station Group reported second quarter net sales of $284.3 million, a decline from $306.4 million in the prior…
SCVLShoe Carnival Inc
Shoe Station Group reported second quarter net sales of $284.3 million, a decline from $306.4 million in the prior year period. Net income fell to $6.3 million, or $0.23 per diluted share, compared to $19.2 million and $0.70 per diluted share previously. Gross profit margin compressed to 31.9 percent due to increased promotional activity and inventory liquidation. The company lowered its full-year fiscal 2026 net sales guidance to a range of $1.100 billion to $1.111 billion and reduced Adjusted EPS guidance to $0.75–$0.90. Shoe Station Group operates as an omnichannel retailer of footwear and accessories for families.