SHOE STATION GROUP REPORTS SECOND QUARTER 2026 RESULTS

SHOE STATION GROUP reported its second quarter 2026 results, with net sales of $284.3 million, a decrease from $306.4 million in the second quarter of 2025. Both Shoe Carnival and Shoe Station banners experienced sales declines, attributed to a promotional market and misaligned assortments. Gross profit margin decreased to 31.9% from 38.8% in the prior year, primarily due to increased promotional activity and inventory liquidation. The company ended the quarter debt-free with $131.6 million in cash, cash equivalents, and marketable securities. Back-to-school sales showed improvement compared to the second quarter trends. The company updated its Fiscal 2026 guidance, lowering net sales and non-GAAP adjusted diluted earnings per share expectations to reflect Q2 results and industry trends. The guidance now projects net sales between $1.100 billion and $1.111 billion, with adjusted diluted EPS ranging from $0.75 to $0.90.