Shoe Carnival

Shoe Carnival (now listed as Shoe Station Group) reported Q2 2026 net sales of $284.3 million versus $306.4 million a year earlier and well below analysts’ estimates, sending the stock down about 23% in premarket trading. Management cited an increasingly discount-driven market, aggressive pricing actions and accelerated inventory cleanups that pressured gross margin, and lowered its 2026 revenue and adjusted EPS guidance. Both sales channels saw significant declines (Shoe Carnival -6.5%, Shoe Station -8.4%) and the company is transitioning to interim CEO Cliff Sifford, adding further uncertainty. The stock fell to a new 52-week low and is now more than 60% below its 52-week high. » More on de.investing.com

Shareholders approved the renaming of Shoe Carnival to Shoe Station Group; the common shares will trade under the new ticker symbol SHOE from June 12, 2026. The new name is intended to reflect the multi‑brand strategy, with Shoe Station serving as the growth engine while Shoe Carnival remains in its core markets. The company plans to expand through strategic acquisitions and currently operates 426 stores in 35 states and Puerto Rico. The board approved a quarterly cash dividend of $0.17 per share (payable July 20, 2026); the stock currently yields about 4.08%. » More on de.investing.com

Shoe Carnival reported adjusted EPS of $0.23 for Q1 2026 versus $0.20 expected and revenue of $270.7 million, slightly above estimates. The stock rose about 3.3% in premarket trading. On a GAAP basis the company showed a net loss of $5.6 million due to one‑time charges related to the CEO transition, but excluding special items operational stabilization was evident. Management gave a cautious outlook, expects improvements in the second half of the fiscal year and provided guidance for 2027/2028. » More on de.investing.com