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SCVL

Shoe Carnival, Inc.

SCVL

Shoe Carnival, Inc. • NASDAQ
$16.52 ▼ -1.37% (-0.23)
Market Cap $452.20 M
52w High $36.94
52w Low $15.21
Dividend Yield 0.58%
P/E 7.87
Volume 260.91K
Outstanding Shares 27.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $297.155M ▼ $93.214M ▼ $14.646M ▼ 4.929% ▼ $0.54 ▼ $18.623M ▼
Q2-2025 $306.388M ▲ $93.58M ▲ $19.225M ▲ 6.275% ▲ $0.7 ▲ $34.435M ▲
Q1-2025 $277.715M ▲ $83.812M ▲ $9.343M ▼ 3.364% ▼ $0.34 ▼ $21.403M ▼
Q4-2024 $262.939M ▼ $77.632M ▼ $14.665M ▼ 5.577% ▼ $0.54 ▼ $26.365M ▼
Q3-2024 $306.885M $85.853M $19.242M 6.27% $0.71 $33.323M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $107.663M ▲ $1.173B ▲ $489.364M ▼ $683.177M ▲
Q2-2025 $91.917M ▼ $1.165B ▲ $494.563M ▲ $670.69M ▲
Q1-2025 $92.953M ▼ $1.14B ▲ $486.577M ▲ $653.581M ▲
Q4-2024 $123.112M ▲ $1.124B ▼ $475.137M ▼ $648.996M ▲
Q3-2024 $91.101M $1.124B $488.771M $635.658M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $19.225M ▲ $13.259M ▲ $-8.912M ▲ $-4.104M ▲ $243K ▲ $2.197M ▲
Q1-2025 $9.343M ▼ $-9.637M ▼ $-14.024M ▼ $-6.543M ▼ $-30.204M ▼ $-22.983M ▼
Q4-2024 $14.665M ▼ $44.55M ▲ $-9.414M ▼ $-3.691M ▼ $31.445M ▲ $36.167M ▲
Q3-2024 $19.242M ▼ $17.346M ▼ $-8.117M ▼ $-3.627M ▼ $5.602M ▼ $8.29M ▼
Q2-2024 $22.573M $23.683M $-5.355M $-3.614M $14.714M $18.153M

Revenue by Products

Product Q2-2020Q3-2020Q4-2020Q1-2021
Accessories And Other
Accessories And Other
 $20.00M ▲$20.00M ▲$0 ▼$20.00M ▲
Athletics
Athletics
 $160.00M ▲$150.00M ▼$120.00M ▼$170.00M ▲
Non Athletics
Non Athletics
 $120.00M ▲$100.00M ▼$120.00M ▲$140.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Shoe Carnival’s sales are fairly steady, with a clear spike during the early post‑pandemic boom and then a gentle step down as demand normalized. Profit margins were strongest in that boom period and have since come off their highs, but the business remains clearly profitable. Earnings per share have leveled out over the last two years rather than continuing to fall, which suggests the company has found a new “normal” rather than being in a free‑fall. Overall, this looks more like a transition from unusually strong conditions back to more typical retail economics than a structural earnings collapse.

Balance Sheet

Balance Sheet The balance sheet looks conservatively run. Total assets and shareholder equity have been building over time, which points to retained value in the business rather than ongoing erosion. The company maintains a solid cash cushion and does not appear to depend heavily on borrowing to fund its operations or store remodels. This gives management room to pursue the Shoe Station transformation without putting the financial structure under undue strain.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations is consistently positive, even though it moves around with inventory decisions and sales trends. Free cash flow has also generally been positive, with one year where heavier investment temporarily pushed it negative. Capital spending has clearly stepped up in recent years, which fits with the store modernization and rebranding strategy. Importantly, this investment phase still appears largely funded from internal cash, suggesting a reasonably self‑sustaining model.

Competitive Edge

Competitive Edge Shoe Carnival operates in a very crowded footwear market, facing pressure from big‑box chains, brand‑owned stores, and online platforms. Its traditional edge was a discount, high‑energy in‑store experience; that model has become less distinctive as others have matched on price and convenience. The pivot toward the more premium, suburban Shoe Station banner aims to carve out a clearer niche with better brands, a cleaner store environment, and a more affluent customer base. If executed well, this could support stronger margins and loyalty, but it also raises execution risk and puts the company in more direct competition with established mid‑market and specialty retailers.

Innovation and R&D

Innovation and R&D While Shoe Carnival does not do classic lab‑style R&D, it is investing meaningfully in new retail concepts and technology. The big “innovation” is strategic: reimagining the business around Shoe Station, with upgraded assortments, store designs, and customer targeting. On the technology side, the company is upgrading its e‑commerce platform, improving search and content, using data tools and loyalty analytics for more personalized marketing, and supporting omnichannel services like ship‑from‑store. These are not bleeding‑edge by industry standards, but they are important catch‑up and differentiation moves for a historically store‑centric chain.

Summary

Overall, Shoe Carnival looks like a financially sound retailer in the middle of a major repositioning. Earnings have stepped down from exceptional post‑pandemic levels but remain solid, backed by a relatively conservative balance sheet and generally healthy cash flow. The central story is the shift from a discount, carnival‑style chain to a more premium, suburban concept under the Shoe Station banner. Success could mean better margins, a more resilient customer base, and improved brand perception; failure would likely show up as weak store productivity and margin pressure. The next few years of store conversions, customer response, and margin trends will do most of the work in determining how this story ultimately plays out.

NEWS

November 20, 2025 · 6:10 AM UTC

Shoe Carnival Reports Third Quarter Results; Reaffirms Fiscal 2025 Outlook

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November 13, 2025 · 9:00 AM UTC

Shoe Carnival Announces Name Change to Shoe Station Group

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November 6, 2025 · 4:10 PM UTC

Shoe Carnival to Report Third Quarter Financial Results on November 20, 2025

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September 25, 2025 · 4:05 PM UTC

Shoe Carnival Appoints Kerry Jackson as Chief Financial Officer

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September 24, 2025 · 6:10 AM UTC

Shoe Carnival Declares Quarterly Cash Dividend

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