--- title: "Shoe Carnival | 8-K: FY2027 Q1 Revenue Beats Estimate at USD 270.73 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/287199123.md" datetime: "2026-05-21T10:17:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287199123.md) - [en](https://longbridge.com/en/news/287199123.md) - [zh-HK](https://longbridge.com/zh-HK/news/287199123.md) generator: "portal-rs" --- # Shoe Carnival | 8-K: FY2027 Q1 Revenue Beats Estimate at USD 270.73 M Revenue: As of FY2027 Q1, the actual value is USD 270.73 M, beating the estimate of USD 267.3 M. EPS: As of FY2027 Q1, the actual value is USD -0.21, missing the estimate of USD 0.25. EBIT: As of FY2027 Q1, the actual value is USD -7.014 M. #### Net Sales - **Total Net Sales:** Shoe Carnival, Inc. reported net sales of $270.7 million for the first quarter of 2026, a decrease from $277.7 million in the first quarter of 2025 . - **Shoe Carnival Banner Net Sales:** $177.3 million, representing 65 percent of total net sales, declined 2.2 percent, with comparable store net sales declining 1.7 percent . This showed improvement compared to mid-to-high single-digit quarterly declines throughout Fiscal 2025 . - **Shoe Station Banner Net Sales:** $93.4 million, representing 35 percent of total net sales, declined 3.1 percent, with comparable store net sales declining 2.9 percent . Improved trends in rebanner store sales were partially offset by slower growth from the Shoe Station e-commerce sales channel . - **Comparable Store Sales:** Declined 2.1 percent in the first quarter of 2026 . #### Gross Profit and Margin - **Gross Profit:** $90.101 million for the first quarter of 2026, compared to $95.777 million in the first quarter of 2025 . - **Gross Profit Margin:** 33.3 percent in the first quarter of 2026, a decrease of 120 basis points compared to 34.5 percent in the first quarter of 2025 . This decrease was primarily driven by a 140 basis point decline in merchandise margin due to increased promotional activity and higher e-commerce-related shipping costs, partially offset by 20 basis points from lower buying, distribution, and occupancy costs . #### Operating Expenses - **Selling, General and Administrative Expenses (GAAP SG&A):** Increased $12.3 million compared to the first quarter of 2025 . - **Adjusted SG&A (Non-GAAP):** Decreased $1.3 million, excluding non-recurring charges of $13.6 million related to the CEO Transition and strategic review . - **Operating (Loss) Income:** Shoe Carnival, Inc. reported an operating loss of - $6.037 million for the first quarter of 2026, compared to an operating income of $11.965 million in the first quarter of 2025 . #### Net Income and Earnings Per Share - **GAAP Net (Loss) Income:** - $5.6 million for the first quarter of 2026, compared to a net income of $9.3 million in the first quarter of 2025 . - **GAAP Diluted Loss Per Share (EPS):** - $0.21 for the first quarter of 2026, compared to an EPS of $0.34 in the first quarter of 2025 . - **Adjusted Net Income (Non-GAAP):** $6.2 million for the first quarter of 2026 . - **Adjusted Diluted Earnings Per Share (Adjusted EPS) (Non-GAAP):** $0.23 for the first quarter of 2026 . #### Other Financial Metrics - **Pretax Charges:** $13.6 million recorded during the quarter, comprising $5.3 million related to the CEO Transition and $8.3 million related to the strategic review . - **Income Tax Expense:** $0.6 million in the first quarter of 2026, impacted by nondeductible CEO severance payments of approximately $1.6 million . - **Effective Tax Rate:** -11.2% in the first quarter of 2026, compared to 28.1% in the first quarter of 2025 . - **Adjusted Tax Rate (Non-GAAP):** 27.0 percent in the first quarter of 2026 . - **Cash, Cash Equivalents, and Marketable Securities:** $129.3 million at quarter-end (May 2, 2026), an increase of $36.4 million or 39 percent compared to the prior-year period . - **Debt Status:** The company ended the first quarter of 2026 debt-free . - **Merchandise Inventories:** $417.2 million at the end of the first quarter of 2026, down $11.2 million compared to the end of the first quarter of 2025 . #### Cash Flow - **Net Cash Provided by Operating Activities:** $23.079 million for the thirteen weeks ended May 2, 2026, compared to net cash used in operating activities of - $9.637 million for the thirteen weeks ended May 3, 2025 . - **Cash Flow from Operations:** Increased $32.7 million . - **Net Cash Used in Investing Activities:** - $9.847 million for the first quarter of 2026, compared to - $14.024 million for the first quarter of 2025 . - **Net Cash Used in Financing Activities:** - $14.223 million for the first quarter of 2026, compared to - $6.543 million for the first quarter of 2025 . #### Shareholder Returns - **Total Returned to Shareholders:** Approximately $12 million through dividends and share repurchases during the first quarter of 2026 . - **Dividend Payments:** $5 million in the first quarter of 2026, paid at an increased rate of $0.17 per share, up 13.3 percent compared to the first quarter of 2025 . This marks the 12th consecutive year of increased quarterly dividends and the 56th consecutive quarter a dividend has been paid . - **Share Repurchases:** Approximately $7 million of shares were repurchased during the first quarter of 2026, with 390,492 shares repurchased . As of May 2, 2026, $43 million remained available under the company’s share repurchase authorization . #### Fiscal 2026 Guidance Shoe Carnival, Inc. reaffirmed its Fiscal 2026 guidance, projecting net sales between $1.125 billion and $1.147 billion, representing a range of down 1 percent to up 1 percent versus Fiscal 2025 . The company expects Adjusted EPS to be between $1.40 and $1.60, with a gross profit margin of approximately 34 percent, representing about 260 basis points of compression versus Fiscal 2025 . Additionally, reductions in Adjusted SG&A of $12 million to $14 million versus Fiscal 2025 and an Adjusted Tax Rate of approximately 26 percent are anticipated . ### Related Stocks - [SCVL.US](https://longbridge.com/en/quote/SCVL.US.md) - [SHOE.US](https://longbridge.com/en/quote/SHOE.US.md) ## Related News & Research - [LOG Commercial Properties publishes financial calendar update for 2026](https://longbridge.com/en/news/298951880.md) - [ADM announces Q3 2026 dividend of R$ 0.22 per unit](https://longbridge.com/en/news/298917252.md) - [Annaly Capital declares Q3 2026 dividend of $0.75 per share](https://longbridge.com/en/news/298499808.md) - [Prudential Financial announces R$ 2.41 per unit dividend for Q3 2026 BDRs](https://longbridge.com/en/news/298940810.md) - [W.R. Berkley announces Q3 2026 dividend of R$ 0.03 per unit](https://longbridge.com/en/news/298938715.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**