Shoe Carnival Issues Lackluster 2025 Sales Forecast | Global News Avenue

Shoe Carnival (SCVL) reported Thursday that in addition to analyst estimates, this is the fourth quarter sales and forecast for fiscal 2025.

Footwear sellers reported adjusted earnings per share (EPS) of $0.54, up from 5 cents a year ago in the same quarter and above that were visible to the Alpha Compilation’s analyst consensus. Sales fell to $262.94 million year-on-year, down about $8 million below analyst expectations.

Comparable store sales fell 6.3% in the quarter, with analysts predicting a 2% decline of more than three times.

Forecasted sales for Footwear Carnival are $1.15 billion to $1.23 billion in fiscal 2025, down from $1.25 billion in analyst consensus.

CEO announces rebranding work, 175 stores become “shoe station” locations

CEO Mark Worden said Thursday that the company has transitioned some footwear carnival stores to a brand called Shoe Station, which acquired the shoe farm in 2021, has “exceeded my expectations.” The CEO announced a new plan to reshape its 175 stores into shoemaker stores.

The company currently operates 431 stores, owns 346 footwear carnivals and 57 shoe store stores, and the recently acquired Rogan store. The new branding project will be more than half of the location of the company’s fleet shoe station in the next two years.

The shares of Shoe Carnival are It was up more than 1% on Thursday morning and fell more than 30% in the past 12 months.