Shoe Carnival, Inc. (Nasdaq: SCVL) announced its operating and financial results for the fourth quarter and fiscal year ended January 31, 2026. The company reported fourth quarter earnings per share (EPS) of $0.33, exceeding consensus expectations, and a full year EPS of $1.90. Despite a decline in net sales to $254.1 million for the fourth quarter, the company noted that Shoe Station net sales grew 2.7% for Fiscal 2025, outperforming the family footwear industry for the third consecutive year. The annual gross profit margin exceeded 35% for the fifth consecutive year, increasing by 100 basis points compared to Fiscal 2024. The company ended Fiscal 2025 debt-free for the 21st consecutive year, with $130.7 million in cash and cash equivalents. The Board of Directors approved a quarterly dividend increase to $0.17 per share, marking the 12th consecutive year of dividend increases. Looking ahead, the company provided guidance for Fiscal 2026, expecting net sales to be approximately flat compared to Fiscal 2025, with a gross profit margin decline anticipated due to tariff-related cost increases and increased promotional activity. The company plans to slow the pace of store rebanners to evaluate consumer demographics and improve in-store conversion. The first half of Fiscal 2026 is expected to be challenging, with improvements anticipated in the second half as rebanners are completed.

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