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 .