---
title: "Shoe Carnival Posts Q1 Net Loss, Sales Slip; Backs Annual Outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287206862.md"
description: "Shoe Carnival, Inc. (SCVL) reported a net loss of $5.628 million for Q1 fiscal 2026, down from a profit of $9.343 million last year. Sales decreased to $270.730 million from $277.715 million. Despite the loss, the company reaffirmed its annual guidance, expecting adjusted income of $1.40 to $1.60 per share on sales of $1.125 billion to $1.147 billion."
datetime: "2026-05-21T11:04:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287206862.md)
  - [en](https://longbridge.com/en/news/287206862.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287206862.md)
generator: "portal-rs"
---

# Shoe Carnival Posts Q1 Net Loss, Sales Slip; Backs Annual Outlook

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Shoe Carnival, Inc. (SCVL), a footwear and accessories company, on Thursday posted a net loss for the first quarter of fiscal 2026 with a drop in sales. In addition, the company has reaffirmed annual guidance.

For the three-month period to May 2, the company posted a net loss of $5.628 million, compared with a profit of $9.343 million in the same period last year. Net loss per share stood at $0.21 as against a profit of $0.34 per share a year ago.

Excluding items, profit was $0.23 per share, less than a profit of $0.34 per share, in the previous year. This year's adjusted profit excludes charges associated with the previously announced chief executive officer transition and the completion of a strategic review of the company's rebanner program.

Adjusted profit was $6.2 million, compared with earnings of $9.3 million a year ago.

Operating loss was $6.037 million, compared with a profit of $11.965 million last year, hurt by the selling, general, and administrative expenses of $96.138 million, compared with expenses of $83.812 million in the previous year. Sales stood at $270.730 million, less than $277.715 million a year ago.

Looking ahead, for fiscal 2026, Shoe Carnival still expects adjusted income of $1.40 to $1.60 per share, on sales of $1.125 billion to $1.147 billion. For fiscal 2025, the company had posted sales of $1.135 billion.

SCVL was up by 2.03% at $16.09 in the pre-market trade on the Nasdaq. 

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**