Shoe Carnival Reports Q1 Loss of $(0.21) EPS, Revenue Down 2.5% Amid Sales Decline
SCVL sits 15% above its 52-week low of $14.91.
Summary
Shoe Carnival reported a Q1 net loss of $(0.21) per share on $270.7 million in revenue, a 2.5% decline year-over-year. This follows the 10-Q filing earlier today and confirms the negative trend indicated by the weak FY26 outlook in the March 10-K. The company also saw a 2.1% comparable-store sales drop and a 120 basis point contraction in gross margin due to increased promotions. The shift from profit to a net loss and declining sales indicate significant operational challenges, prompting a plan to close 12-14 underperforming stores in FY2026.
At the time of this announcement, SCVL was trading at $17.19 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $472.2M. The 52-week trading range was $14.91 to $26.57. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.