Shoe Carnival Changes Name to Shoe Station Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2026
0mins
Shoe Carnival (SCVL) announced that it received shareholder approval to change its name to Shoe Station Group (SHOE). The name change will be effective June 12. In connection with the name change, the company's common stock is expected to begin trading on The Nasdaq Stock Market under the symbol "SHOE" on Friday, June 12. Shares will continue trading under the symbol "SCVL" through the close of market on Thursday, June 11.
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Analyst Views on SCVL
Wall Street analysts forecast SCVL stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 17.430
Low
19.00
Averages
19.00
High
19.00
Current: 17.430
Low
19.00
Averages
19.00
High
19.00
About SCVL
Shoe Station Group, Inc., formerly Shoe Carnival, Inc., is an omnichannel retailer of footwear and accessories. The Company provides footwear for athletics, daily activities, special events and works through the customer's preferred delivery channel. It offers athletics & sneakers, sandals, clogs & mules, flats, loafers & oxfords, boat shoes & slip-ons, pumps & heels, boots & booties, slippers, and work & safety footwear for women. It also offers athletic sneakers, sandals, casual, dress, boots, and work & safety footwear for men. It provides sport slides, flip-flops, water shoes, outdoor and hiking sandals. Its accessories include slippers, socks, winter essentials, athletic & sports bags, activewear & apparel, backpacks & lunchboxes, hats, handbags, insoles, and water bottles. The Company provides athletics & sneakers, sandals, clogs, dresses, and boots for kids. It also offers bogg bags, crossbody, fashion backpacks, tote bags, clutches & evening bags, and wallets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Shoe Carnival Rebrands as Shoe Station Group
- Corporate Rebranding: Shoe Carnival (SCVL) received shareholder approval to officially change its name to Shoe Station Group effective June 12, 2026, reflecting its multi-banner strategy aimed at enhancing market competitiveness through Shoe Station as its primary long-term growth vehicle.
- Ticker Change: The new company name will coincide with a change in its Nasdaq ticker to “SHOE” starting June 12, 2026, while continuing to trade under “SCVL” until market close on June 11, indicating a strategic planning phase in the brand transformation process.
- Dividend Declaration: The Board approved a quarterly cash dividend of $0.17 per share, payable on July 20, 2026, to shareholders of record as of July 6, 2026, demonstrating the company's commitment to shareholder returns even amidst restructuring efforts.
- Management Statement: Interim CEO Cliff Sifford stated that the new name and ticker reflect the company's dominant position in the market, with Shoe Carnival continuing to operate in markets where it holds an advantage, ensuring long-term growth potential.
See More
Shoe Carnival to Rebrand as Shoe Station Group, Inc.
- Name Change Announcement: Shoe Carnival, Inc. has received shareholder approval to change its name to Shoe Station Group, Inc., effective June 12, 2026, with a new ticker symbol 'SHOE', reflecting the company's multi-banner growth strategy.
- Dividend Declaration: The Board of Directors has approved a quarterly cash dividend of $0.17 per share to be paid on July 20, 2026, marking the company's 57th consecutive dividend, indicating strong financial stability.
- Market Expansion: As of June 11, 2026, the company operates 426 stores across 35 states and Puerto Rico, with plans to further expand through strategic acquisitions, enhancing its competitive position in the footwear retail market.
- Strategic Investment: The name and ticker change aims to boost brand recognition and leverage Shoe Station as the primary growth vehicle, driving long-term development in the retail sector.
See More
Shoe Carnival Reports First Quarter Highlights
- Strong Financial Position: Shoe Carnival ended the first quarter with $129 million in cash and marketable securities, an increase of $36 million year-over-year, and operates with no debt, showcasing robust financial strength that supports future strategic investments.
- Shareholder Return Initiatives: The company repurchased approximately 390,492 shares, returning about $7 million to shareholders during the quarter, indicating a commitment to shareholder value amidst financial stability.
- Store Expansion Plans: Shoe Carnival plans to open 3 to 5 new stores in fiscal 2027, with an expansion to 8 to 10 stores in fiscal 2028 primarily under the Shoe Station banner, aiming to enhance market share.
- Sales Decline Pressure: Although first-quarter sales slightly exceeded expectations, net sales fell 2.1% year-over-year, and Shoe Station experienced a 3.1% decline in sales, reflecting the impact of macroeconomic pressures on consumer spending among moderate-income households.
See More
Shoe Carnival (SCVL) Q4 2025 Earnings Transcript
See More
Shoe Carnival Reports Q1 Net Loss Amid Sales Decline
- Financial Decline: Shoe Carnival reported a net loss of $5.628 million for Q1 of fiscal 2026, contrasting sharply with a profit of $9.343 million in the same period last year, indicating significant sales challenges, with a net loss per share of $0.21 reflecting financial strain.
- Reduced Adjusted Profit: Excluding certain items, the adjusted profit per share was $0.23, down from $0.34 a year ago, highlighting the impact of additional costs related to the CEO transition and strategic review on profitability.
- Increased Operating Loss: The company faced an operating loss of $6.037 million compared to a profit of $11.965 million last year, primarily driven by selling, general, and administrative expenses of $96.138 million, which rose significantly from $83.812 million in the previous year.
- Annual Guidance Maintained: Despite these challenges, Shoe Carnival maintains its guidance for fiscal 2026, expecting adjusted income of $1.40 to $1.60 per share on sales between $1.125 billion and $1.147 billion, demonstrating confidence in future performance.
See More
Shoe Carnival Q1 Earnings Highlights
- Earnings Performance: Shoe Carnival reported a Q1 non-GAAP EPS of $0.23, meeting expectations, while revenue of $270.7 million, down 2.5% year-over-year, exceeded forecasts by $3.4 million, demonstrating resilience amid challenges.
- Future Guidance: The company reaffirmed its Fiscal 2026 guidance, projecting net sales between $1.125 billion and $1.147 billion, reflecting a cautious optimism about market stability with a slight range of decline or growth compared to Fiscal 2025.
- Margin Compression: Expected gross profit margin of approximately 34% indicates a compression of about 260 basis points versus Fiscal 2025, highlighting challenges in cost control and pricing strategies that may impact future profitability.
- Cost Reduction Initiatives: The company plans to reduce adjusted SG&A expenses by $12 to $14 million, aiming to enhance operational efficiency and alleviate profit pressures, showcasing management's focus on cost control.
See More
Shoe Carnival Rebrands as Shoe Station Group
- Corporate Rebranding: Shoe Carnival (SCVL) received shareholder approval to officially change its name to Shoe Station Group effective June 12, 2026, reflecting its multi-banner strategy aimed at enhancing market competitiveness through Shoe Station as its primary long-term growth vehicle.
- Ticker Change: The new company name will coincide with a change in its Nasdaq ticker to “SHOE” starting June 12, 2026, while continuing to trade under “SCVL” until market close on June 11, indicating a strategic planning phase in the brand transformation process.
- Dividend Declaration: The Board approved a quarterly cash dividend of $0.17 per share, payable on July 20, 2026, to shareholders of record as of July 6, 2026, demonstrating the company's commitment to shareholder returns even amidst restructuring efforts.
- Management Statement: Interim CEO Cliff Sifford stated that the new name and ticker reflect the company's dominant position in the market, with Shoe Carnival continuing to operate in markets where it holds an advantage, ensuring long-term growth potential.
See More
Shoe Carnival to Rebrand as Shoe Station Group, Inc.
- Name Change Announcement: Shoe Carnival, Inc. has received shareholder approval to change its name to Shoe Station Group, Inc., effective June 12, 2026, with a new ticker symbol 'SHOE', reflecting the company's multi-banner growth strategy.
- Dividend Declaration: The Board of Directors has approved a quarterly cash dividend of $0.17 per share to be paid on July 20, 2026, marking the company's 57th consecutive dividend, indicating strong financial stability.
- Market Expansion: As of June 11, 2026, the company operates 426 stores across 35 states and Puerto Rico, with plans to further expand through strategic acquisitions, enhancing its competitive position in the footwear retail market.
- Strategic Investment: The name and ticker change aims to boost brand recognition and leverage Shoe Station as the primary growth vehicle, driving long-term development in the retail sector.
See More
Shoe Carnival Reports First Quarter Highlights
- Strong Financial Position: Shoe Carnival ended the first quarter with $129 million in cash and marketable securities, an increase of $36 million year-over-year, and operates with no debt, showcasing robust financial strength that supports future strategic investments.
- Shareholder Return Initiatives: The company repurchased approximately 390,492 shares, returning about $7 million to shareholders during the quarter, indicating a commitment to shareholder value amidst financial stability.
- Store Expansion Plans: Shoe Carnival plans to open 3 to 5 new stores in fiscal 2027, with an expansion to 8 to 10 stores in fiscal 2028 primarily under the Shoe Station banner, aiming to enhance market share.
- Sales Decline Pressure: Although first-quarter sales slightly exceeded expectations, net sales fell 2.1% year-over-year, and Shoe Station experienced a 3.1% decline in sales, reflecting the impact of macroeconomic pressures on consumer spending among moderate-income households.
See More
Shoe Carnival (SCVL) Q4 2025 Earnings Transcript
See More
Shoe Carnival Reports Q1 Net Loss Amid Sales Decline
- Financial Decline: Shoe Carnival reported a net loss of $5.628 million for Q1 of fiscal 2026, contrasting sharply with a profit of $9.343 million in the same period last year, indicating significant sales challenges, with a net loss per share of $0.21 reflecting financial strain.
- Reduced Adjusted Profit: Excluding certain items, the adjusted profit per share was $0.23, down from $0.34 a year ago, highlighting the impact of additional costs related to the CEO transition and strategic review on profitability.
- Increased Operating Loss: The company faced an operating loss of $6.037 million compared to a profit of $11.965 million last year, primarily driven by selling, general, and administrative expenses of $96.138 million, which rose significantly from $83.812 million in the previous year.
- Annual Guidance Maintained: Despite these challenges, Shoe Carnival maintains its guidance for fiscal 2026, expecting adjusted income of $1.40 to $1.60 per share on sales between $1.125 billion and $1.147 billion, demonstrating confidence in future performance.
See More
Shoe Carnival Q1 Earnings Highlights
- Earnings Performance: Shoe Carnival reported a Q1 non-GAAP EPS of $0.23, meeting expectations, while revenue of $270.7 million, down 2.5% year-over-year, exceeded forecasts by $3.4 million, demonstrating resilience amid challenges.
- Future Guidance: The company reaffirmed its Fiscal 2026 guidance, projecting net sales between $1.125 billion and $1.147 billion, reflecting a cautious optimism about market stability with a slight range of decline or growth compared to Fiscal 2025.
- Margin Compression: Expected gross profit margin of approximately 34% indicates a compression of about 260 basis points versus Fiscal 2025, highlighting challenges in cost control and pricing strategies that may impact future profitability.
- Cost Reduction Initiatives: The company plans to reduce adjusted SG&A expenses by $12 to $14 million, aiming to enhance operational efficiency and alleviate profit pressures, showcasing management's focus on cost control.
See More
