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    Shoe Station (SHOE)

    Market Price (7/20/2026): $14.7 | Market Cap: $399.3 MilSector: Consumer Discretionary | Industry: Apparel Retail

    Shoe Station (SHOE)

    Market Price (7/20/2026): $14.7
    Market Cap: $399.3 Mil
    Sector: Consumer Discretionary
    Industry: Apparel Retail

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Megatrend and thematic drivers
    Megatrends include E-commerce & Digital Retail. Themes include Online Marketplaces, Direct-to-Consumer Brands, and Last-Mile Delivery.

    Weak multi-year price returns
    2Y Excs Rtn is -94%, 3Y Excs Rtn is -101%

    Meaningful short interest
    Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14%

    Weak revenue growth
    Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.2%, Rev Chg QQuarterly Revenue Change % is -4.1%

    Key risks
    SHOE key risks include [1] potential underperformance and significant execution challenges with its capital-intensive "rebanner" strategy, Show more.

    0 Megatrend and thematic drivers
    Megatrends include E-commerce & Digital Retail. Themes include Online Marketplaces, Direct-to-Consumer Brands, and Last-Mile Delivery.
    1 Weak multi-year price returns
    2Y Excs Rtn is -94%, 3Y Excs Rtn is -101%
    2 Meaningful short interest
    Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14%
    3 Weak revenue growth
    Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.2%, Rev Chg QQuarterly Revenue Change % is -4.1%
    4 Key risks
    SHOE key risks include [1] potential underperformance and significant execution challenges with its capital-intensive "rebanner" strategy, Show more.

    SHOE in ETFs

    Weight = SHOE's share of each fund

    VTI0.00%
    VIG0.00%
    FNDA0.03%
    VTWO0.01%
    SCHA0.01%
    SCHB0.00%

    Valuation & Metrics

    FYE: 1/31SHOE [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$1.2 Bil—
    FY 2027 Sales$1.1 Bil—
    FY 2028 Sales$1.2 Bil—
    FY 2027 Sales Growth-7.4%—
    FY 2028 Sales Growth2.1%8.3%
    EARNINGS
    LTM Net Income (GAAP) [3]$74.6 Mil—
    FY 2027 Net Income (Non-GAAP)$41.2 Mil—
    FY 2028 Net Income (Non-GAAP)$50.8 Mil—
    FY 2028 Net Income Growth23.2%16.8%
    FY 2027 EPS (Non-GAAP)$1.50—
    FY 2028 EPS (Non-GAAP)$1.84—
    FY 2028 EPS Growth23.2%—
    VALUATION
    FY 2027 P/S0.43.2
    FY 2028 P/S0.3—
    FY 2027 P/E9.719.5
    FY 2028 P/E7.9—

    [1] SHOE forward figures are analyst consensus for the next two fiscal years (fiscal year end 1/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
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    AI Analysis | Feedback

    MetricValueDateSource
    Number of Stores4266112026Link
    Shoe Perks Loyalty Program Members39+ Million6082026Link
    Comparable Store Sales Decline-2.1%5022026Link

    Price Chart

    Recent
    7/06/2026DividendAmount: $0.17
    Payment On: 7/20/2026
    Upcoming
    9/03/2026Earnings ReleaseRev: $298 Mil (E)
    EPS: $0.32 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 7/1/2026

    Shoe Station (SHOE) stock has lost about 5% since 3/31/2026 because of the following key factors:

    1. Disappointing Fiscal 2026 Guidance.

    On March 26, 2026, Shoe Carnival (now Shoe Station Group) issued Fiscal 2026 guidance projecting adjusted earnings per share (EPS) of $1.40 to $1.60, a notable decrease from the $1.90 reported in Fiscal 2025. This guidance also indicated an expected gross profit margin compression of approximately 260 basis points, to around 34%, attributed to higher costs related to tariffs and increased promotional activities.

    2. Weak First Quarter Fiscal 2026 Performance.

    For the first fiscal quarter (Fiscal Q1 2026) which ended May 2, 2026, Shoe Station Group reported a year-over-year net sales decline of 2.52% to $270.7 million. Comparable store sales also decreased by 2.1%. Specifically, the Shoe Station banner, which the company aims to be its primary growth vehicle, experienced a 3.1% decline in net sales.

    Show more
    Updated on 7/1/2026

    Shoe Station (SHOE) stock has lost about 5% since 3/31/2026 because of the following key factors:

    1. Disappointing Fiscal 2026 Guidance.

    On March 26, 2026, Shoe Carnival (now Shoe Station Group) issued Fiscal 2026 guidance projecting adjusted earnings per share (EPS) of $1.40 to $1.60, a notable decrease from the $1.90 reported in Fiscal 2025. This guidance also indicated an expected gross profit margin compression of approximately 260 basis points, to around 34%, attributed to higher costs related to tariffs and increased promotional activities.

    2. Weak First Quarter Fiscal 2026 Performance.

    For the first fiscal quarter (Fiscal Q1 2026) which ended May 2, 2026, Shoe Station Group reported a year-over-year net sales decline of 2.52% to $270.7 million. Comparable store sales also decreased by 2.1%. Specifically, the Shoe Station banner, which the company aims to be its primary growth vehicle, experienced a 3.1% decline in net sales.

    3. Broad Retail Sector Headwinds and Subdued Consumer Spending.

    The broader retail sector in Q2 2026 faced a challenging environment, characterized by a "low-volume, high-value" trend where consumers prioritized essential purchases and deferred discretionary spending. This trend was intensified by rising gasoline prices, persistent cost-of-living pressures, and overall subdued consumer confidence. The fashion and discretionary retail segments, including footwear, were particularly affected by these macroeconomic factors.

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    Stock Movement Drivers

    Fundamental Drivers

    The -5.0% change in SHOE stock from 3/31/2026 to 7/19/2026 was primarily driven by a -5.0% change in the company's P/E Multiple.
    (LTM values as of)33120267192026Change
    Stock Price ($)15.2514.49-5.0%
    Change Contribution By: 
    Total Revenues ($ Mil)1,2201,2200.0%
    Net Income Margin (%)6.1%6.1%0.0%
    P/E Multiple5.65.3-5.0%
    Shares Outstanding (Mil)27270.0%
    Cumulative Contribution-5.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 7/19/2026
    ReturnCorrelation
    SHOE-5.0% 
    Market (SPY)14.3%37.0%
    Sector (XLY)5.9%49.2%

    Fundamental Drivers

    The -11.6% change in SHOE stock from 12/31/2025 to 7/19/2026 was primarily driven by a -11.6% change in the company's P/E Multiple.
    (LTM values as of)123120257192026Change
    Stock Price ($)16.3814.49-11.6%
    Change Contribution By: 
    Total Revenues ($ Mil)1,2201,2200.0%
    Net Income Margin (%)6.1%6.1%0.0%
    P/E Multiple6.05.3-11.6%
    Shares Outstanding (Mil)27270.0%
    Cumulative Contribution-11.6%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    12/31/2025 to 7/19/2026
    ReturnCorrelation
    SHOE-11.6% 
    Market (SPY)9.3%29.2%
    Sector (XLY)-3.1%38.2%

    Fundamental Drivers

    The -19.1% change in SHOE stock from 6/30/2025 to 7/19/2026 was primarily driven by a -19.1% change in the company's P/E Multiple.
    (LTM values as of)63020257192026Change
    Stock Price ($)17.9114.49-19.1%
    Change Contribution By: 
    Total Revenues ($ Mil)1,2201,2200.0%
    Net Income Margin (%)6.1%6.1%0.0%
    P/E Multiple6.55.3-19.1%
    Shares Outstanding (Mil)27270.0%
    Cumulative Contribution-19.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2025 to 7/19/2026
    ReturnCorrelation
    SHOE-19.1% 
    Market (SPY)21.3%30.4%
    Sector (XLY)6.8%42.3%

    Fundamental Drivers

    The -33.1% change in SHOE stock from 6/30/2023 to 7/19/2026 was primarily driven by a -24.8% change in the company's Net Income Margin (%).
    (LTM values as of)63020237192026Change
    Stock Price ($)21.6714.49-33.1%
    Change Contribution By: 
    Total Revenues ($ Mil)1,2261,220-0.5%
    Net Income Margin (%)8.1%6.1%-24.8%
    P/E Multiple5.95.3-10.9%
    Shares Outstanding (Mil)27270.2%
    Cumulative Contribution-33.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2023 to 7/19/2026
    ReturnCorrelation
    SHOE-33.1% 
    Market (SPY)73.6%40.0%
    Sector (XLY)39.1%45.4%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    SHOE Return101%-38%29%11%-48%-6%-13%
    Peers Return49%-29%23%15%-3%0%45%
    S&P 500 Return27%-19%24%23%16%10%101%

    Monthly Win Rates [3]
    SHOE Win Rate67%42%50%42%33%57% 
    Peers Win Rate68%37%53%50%53%54% 
    S&P 500 Win Rate75%42%67%75%67%57% 

    Max Drawdowns [4]
    SHOE Max Drawdown-21%-50%-32%-28%-51%-31% 
    Peers Max Drawdown-28%-48%-42%-28%-39%-30% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: GAP, GCO, ZUMZ, SHOE, TJX.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 7/17/2026 (YTD)

    How Low Can It Go

    EventSHOES&P 500
    2025 US Tariff Shock
      % Loss-26.7%-18.8%
      % Gain to Breakeven36.5%23.1%
      Time to Breakeven93 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-14.4%-9.5%
      % Gain to Breakeven16.9%10.5%
      Time to Breakeven21 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-29.0%-6.7%
      % Gain to Breakeven40.8%7.1%
      Time to Breakeven194 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-50.4%-24.5%
      % Gain to Breakeven101.6%32.4%
      Time to Breakeven616 days427 days
    2020 COVID-19 Crash
      % Loss-61.7%-33.7%
      % Gain to Breakeven160.8%50.9%
      Time to Breakeven167 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-15.5%-19.2%
      % Gain to Breakeven18.3%23.8%
      Time to Breakeven21 days105 days

    Compare to GAP, GCO, ZUMZ, SHOE, TJX

    In The Past

    Shoe Station's stock fell -26.7% during the 2025 US Tariff Shock. Such a loss loss requires a 36.5% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventSHOES&P 500
    2025 US Tariff Shock
      % Loss-26.7%-18.8%
      % Gain to Breakeven36.5%23.1%
      Time to Breakeven93 days79 days
    2023 SVB Regional Banking Crisis
      % Loss-29.0%-6.7%
      % Gain to Breakeven40.8%7.1%
      Time to Breakeven194 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-50.4%-24.5%
      % Gain to Breakeven101.6%32.4%
      Time to Breakeven616 days427 days
    2020 COVID-19 Crash
      % Loss-61.7%-33.7%
      % Gain to Breakeven160.8%50.9%
      Time to Breakeven167 days140 days
    2016-2017 Trump Reflation Bond Selloff
      % Loss-28.9%-3.7%
      % Gain to Breakeven40.7%3.9%
      Time to Breakeven149 days6 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-35.4%-12.2%
      % Gain to Breakeven54.9%13.9%
      Time to Breakeven284 days62 days
    2014-2016 Oil Price Collapse
      % Loss-20.6%-6.8%
      % Gain to Breakeven25.9%7.3%
      Time to Breakeven54 days15 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-33.4%-17.9%
      % Gain to Breakeven50.2%21.8%
      Time to Breakeven199 days123 days
    2010 Eurozone Sovereign Debt Crisis / Flash Crash
      % Loss-32.8%-15.4%
      % Gain to Breakeven48.9%18.2%
      Time to Breakeven139 days125 days
    2008-2009 Global Financial Crisis
      % Loss-57.5%-53.4%
      % Gain to Breakeven135.1%114.4%
      Time to Breakeven175 days1085 days
    Summer 2007 Credit Crunch
      % Loss-44.3%-8.6%
      % Gain to Breakeven79.6%9.5%
      Time to Breakeven954 days47 days

    Compare to GAP, GCO, ZUMZ, SHOE, TJX

    In The Past

    Shoe Station's stock fell -26.7% during the 2025 US Tariff Shock. Such a loss loss requires a 36.5% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Shoe Station (SHOE)

    Shoe Carnival, Inc. (SHOE) operates as a prominent family footwear retailer across the United States. While trading under the symbol SHOE, the company manages two primary retail banners: Shoe Carnival and Shoe Station. Its business model centers on offering a wide selection of footwear for the entire family, making it a go-to destination for various shoe needs.

    The company's product offering is comprehensive, encompassing dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children. In addition to footwear, Shoe Carnival, Inc. also provides a range of accessories. These products are retailed through its extensive network of physical stores – comprising 372 Shoe Carnival locations across 35 states and Puerto Rico, and 21 Shoe Station locations primarily in the Southeast – complemented by its robust online presence via shoecarnival.com and a dedicated mobile application.

    Shoe Carnival, Inc. primarily serves families and individuals seeking diverse footwear options across various demographics and occasions. Its market reach extends across a significant portion of the United States, with the Shoe Station brand specifically catering to customers in the Southeast. Founded in 1978 and headquartered in Evansville, Indiana, the company has established itself as a key player in the national footwear retail landscape.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    • Footwear: A wide range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children.
    • Accessories: Various items sold to complement footwear.

    AI Analysis | Feedback

    The public company trading under the symbol SHOE is Shoe Carnival, Inc. Shoe Station is one of the retail banners operated by Shoe Carnival, Inc. As a family footwear retailer, Shoe Carnival, Inc. (including its Shoe Station brand) sells primarily to individual consumers.

    The major categories of individual customers it serves are:

    1. Adult Women: Customers purchasing a variety of shoes, including dress, casual, athletic, sandals, and boots.
    2. Adult Men: Customers purchasing various types of footwear such as dress, casual, work, athletic shoes, sandals, and boots.
    3. Children and Youth: Customers (or their parents) purchasing shoes for children and teenagers, covering athletic, casual, and special occasion footwear.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Cliff Sifford Interim President and Chief Executive Officer

    Cliff Sifford was appointed Interim President and Chief Executive Officer of Shoe Station Group in February 2026, also serving as Vice Chairman. He has been with the company since 1997, holding various leadership roles including President and CEO from October 2012 to September 2019, Vice Chairman and CEO from September 2019 to September 2021, and Vice Chairman of the Board from October 2021 before his return to the CEO role. Prior to his initial CEO appointment, he served as General Merchandise Manager.

    W. Kerry Jackson Executive Vice President - Chief Financial Officer

    W. Kerry Jackson serves as the Executive Vice President and Chief Financial Officer of Shoe Station Group. He has a long history with the company, having served as Chief Financial Officer for 27 years before his retirement in May 2023. Mr. Jackson rejoined the company in June 2025 as Senior Vice President, New Business Development, and was appointed Executive Vice President, effective September 28, 2025. He has a total tenure of 35 years with the company.

    Marc A. Chilton Senior Executive Vice President - Chief Operating Officer

    Marc A. Chilton holds the position of Senior Executive Vice President and Chief Operating Officer.

    Tanya E. Gordon Executive Vice President – Chief Merchandising Officer

    Tanya E. Gordon is the Executive Vice President and Chief Merchandising Officer.

    J. Wayne Weaver Chairman of the Board

    J. Wayne Weaver is the Chairman of the Board for Shoe Station Group. He is also known as the former owner of the Jacksonville Jaguars.

    AI Analysis | Feedback

    The key risks for Shoe Carnival, Inc., which is transitioning its corporate name to Shoe Station Group, Inc. and trading under the symbol SHOE, are primarily related to its strategic transformation, the competitive retail environment, and broader economic factors.

    1. Challenges with the "Rebanner" Strategy and Shifting Consumer Base: Shoe Carnival is undertaking a significant "rebanner" strategy, converting many of its traditional Shoe Carnival stores to the Shoe Station banner, with a goal for Shoe Station to represent over 80% of its store fleet by March 2027. This initiative requires substantial capital expenditure and investment, which is projected to decrease operating income and earnings per share in the short term. There is a notable risk that this strategic conversion may not meet performance expectations, as some reports indicate negative comparable store sales for Shoe Station and flat gross margins during the transition period. Furthermore, the company is deliberately shifting its focus from its traditional lower-income Shoe Carnival customer to target higher-income shoppers for Shoe Station, who seek more premium products and elevated service. Executing this shift effectively, including attracting the new target demographic while managing the decline in the legacy banner, presents significant operational and market acceptance risks.
    2. Intense Competition and Evolving Retail Landscape: The footwear retail industry is highly competitive and is undergoing rapid transformation due to evolving consumer preferences and a pronounced shift toward omnichannel shopping. Shoe Station Group faces fierce competition from a diverse array of players, including mid-tier and specialty retailers, large-format discounters, online-only retailers, and direct-to-consumer channels from major brands like Nike and Adidas. The broader shoe store industry, particularly brick-and-mortar formats, has seen revenue growth suppressed by the increasing dominance of mass merchandisers and e-commerce platforms. To remain competitive, the company must continually invest in its e-commerce capabilities and digital infrastructure. Failure to effectively differentiate its offerings or compete on factors such as price, product assortment, in-store experience, and digital fulfillment could adversely impact its financial performance.
    3. Macroeconomic Conditions and Consumer Discretionary Spending: The business is susceptible to broader economic trends and fluctuations in consumer discretionary spending. Economic downturns or inflationary pressures can lead consumers to trade down to lower-priced alternatives, which can impact sales and profit margins. The traditional lower-income customer base of the Shoe Carnival banner has already experienced economic pressure, contributing to intense industry-wide discounting that erodes margins. Although the Shoe Station banner targets a higher-income demographic, a general decline in consumer confidence or spending across economic segments could still negatively affect the company's overall performance.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    The addressable market for Shoe Station Group Inc.'s main products and services in the U.S. is comprised of the footwear market and the fashion accessories market.

    U.S. Footwear Market

    The U.S. footwear market was valued at approximately $97.72 billion USD in 2024. It is projected to grow to around $141.89 billion USD by 2034, demonstrating a compound annual growth rate (CAGR) of 3.80% from 2025 to 2034. Other estimates for the U.S. footwear market in 2024 range from $95.1 billion USD to $95.23 billion USD.

    U.S. Fashion Accessories Market

    The U.S. fashion accessories market generated a revenue of approximately $222.07 billion USD in 2024. This market is anticipated to grow to about $342.99 billion USD by 2030, with a CAGR of 7.8% from 2025 to 2030. Another projection estimates the U.S. fashion accessories market to reach $477.4 billion USD by 2034, growing at a CAGR of 7.9% from 2025 to 2034.

    AI Analysis | Feedback

    Here are 3-5 expected drivers of future revenue growth for Shoe Carnival, Inc. (soon to be Shoe Station Group, Inc., trading under the symbol SHOE) over the next 2-3 years:

    1. Strategic Multi-Banner Expansion with Focus on Shoe Station: The company is shifting its primary long-term growth vehicle to the Shoe Station banner and is rebranding its corporate name to Shoe Station Group, Inc. to reflect this focus. The strategy involves opening 10-20 net new stores annually, targeting a total of over 500 locations by fiscal year 2028, with new Shoe Station store growth concentrated in high-traffic suburban markets in the South and Midwest. While initially planning extensive rebanners of Shoe Carnival stores to Shoe Station, the company is now adopting a more measured approach, operating both banners as permanent, independent components and focusing on disciplined conversion of Shoe Carnival locations where demographics align with the Shoe Station format.
    2. Strategic Acquisitions of Other Footwear Retailers: Shoe Carnival, Inc. explicitly intends to pursue strategic acquisitions of other footwear retailers beyond its current Shoe Carnival and Shoe Station banners. The 2024 acquisition of Rogan's Shoes serves as a template, demonstrating the potential for geographic synergy, rapid market share gains, and improved margins through centralized supply chain integration.
    3. Enhanced E-commerce and Omnichannel Capabilities: The company aims to drive significant growth through its e-commerce platform and by strengthening its omnichannel approach. This includes leveraging its substantial 35-million-member loyalty program to boost online sales and store productivity. Investments in modernizing the e-commerce infrastructure, such as implementing headless commerce architecture and Progressive Web App (PWA) technology, are designed to create seamless customer experiences and extend product assortment reach.
    4. Optimization of Product Mix and Category Expansion: Shoe Carnival, Inc. is focused on expanding into higher-margin specialty categories like workwear and performance running to diversify its revenue streams. The strategy also involves optimizing the merchandise mix by broadening private-label and exclusive offerings to enhance gross margins, while also strengthening partnerships with national brands such as Nike and Adidas. This includes targeted product strategies like specialized assortments for back-to-school and timed sneaker releases. Following an assessment of rebannered stores, the company is also reconfiguring product assortments at each location to better align with local market demographics and re-engage value-focused customers.

    AI Analysis | Feedback

    The following outlines the capital allocation decisions of Shoe Station Group, Inc. (formerly Shoe Carnival, Inc.) over the last 3-5 years:

    Share Repurchases

    • On December 12, 2025, a new share repurchase program for up to $50 million of outstanding common stock was authorized, effective January 1, 2026, and set to expire on December 31, 2026. This program replaced a prior $50 million authorization from December 11, 2024.
    • As of the first quarter of 2026, the company had $50 million remaining under its existing share repurchase authorization.

    Outbound Investments

    • The company completed the integration of its 28-store Rogan's acquisition into the Shoe Station banner in October 2025.

    Capital Expenditures

    • For fiscal year 2025, anticipated capital expenditures ranged from $45 million to $55 million, with $30 million to $35 million specifically allocated to rebanner initiatives aimed at converting Shoe Carnival stores to the Shoe Station banner.
    • Year-to-date capital expenditures for fiscal year 2025 totaled $38.3 million, primarily directed towards supporting rebannered stores.
    • Expected capital expenditures for fiscal year 2026 are projected to be between $45 million and $60 million, with $30 million to $40 million focused on rebanner initiatives.

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    Financials

    SHOEGAPGCOZUMZTJXMedian
    NameShoe Sta.Gap Genesco Zumiez TJX Comp. 
    Mkt Price14.4920.3536.9718.69154.4620.35
    Mkt Cap-7.60.40.3170.84.0
    Rev LTM1,22015,3662,44993861,5842,449
    Op Inc LTM971,11528227,54897
    FCF LTM7482385375,47785
    FCF 3Y Avg3099141104,50841
    CFO LTM1111,293144477,599144
    CFO 3Y Avg861,43795256,47495

    Growth & Margins

    SHOEGAPGCOZUMZTJXMedian
    NameShoe Sta.Gap Genesco Zumiez TJX Comp. 
    Rev Chg LTM2.8%1.9%4.6%4.7%8.1%4.6%
    Rev Chg 3Y Avg-1.2%-0.5%1.5%0.7%7.0%0.7%
    Rev Chg Q-4.1%2.1%2.8%4.9%9.2%2.8%
    QoQ Delta Rev Chg LTM-1.1%0.6%0.5%1.0%2.0%0.6%
    Op Inc Chg LTM-5.0%0.3%33.1%872.7%20.2%20.2%
    Op Inc Chg 3Y Avg-19.4%336.8%36.3%62.9%15.4%36.3%
    Op Mgn LTM8.0%7.3%1.1%2.3%12.3%7.3%
    Op Mgn 3Y Avg9.3%6.1%0.8%-1.6%11.4%6.1%
    QoQ Delta Op Mgn LTM-0.2%-0.2%0.1%0.5%0.4%0.1%
    CFO/Rev LTM9.1%8.4%5.9%5.1%12.3%8.4%
    CFO/Rev 3Y Avg7.1%9.5%4.0%2.7%11.2%7.1%
    FCF/Rev LTM6.1%5.4%3.5%3.9%8.9%5.4%
    FCF/Rev 3Y Avg2.5%6.6%1.7%1.1%7.8%2.5%

    Valuation

    SHOEGAPGCOZUMZTJXMedian
    NameShoe Sta.Gap Genesco Zumiez TJX Comp. 
    Mkt Cap-7.60.40.3170.84.0
    P/S-0.50.20.32.80.4
    P/Op Inc-6.813.913.922.613.9
    P/EBIT-6.212.813.922.013.4
    P/E-9.319.621.029.520.3
    P/CFO-5.92.76.422.56.1
    Total Yield-10.8%5.1%4.8%4.5%4.9%
    Dividend Yield-0.0%0.0%0.0%1.1%0.0%
    FCF Yield 3Y Avg-11.5%12.3%2.8%3.2%7.4%
    D/E-0.71.50.70.10.7
    Net D/E-0.31.40.30.10.3

    Returns

    SHOEGAPGCOZUMZTJXMedian
    NameShoe Sta.Gap Genesco Zumiez TJX Comp. 
    1M Rtn-8.1%-2.9%3.6%5.1%-5.7%-2.9%
    3M Rtn-22.4%-24.0%2.7%-25.2%-3.6%-22.4%
    6M Rtn-22.0%-22.6%-2.1%-28.6%-1.3%-22.0%
    12M Rtn-25.7%3.9%61.0%38.9%28.0%28.0%
    3Y Rtn-34.0%144.2%50.3%2.8%88.1%50.3%
    1M Excs Rtn-9.4%-4.8%3.7%8.7%-6.4%-4.8%
    3M Excs Rtn-23.7%-27.2%1.2%-29.1%-7.5%-23.7%
    6M Excs Rtn-30.6%-30.1%-3.9%-33.1%-7.5%-30.1%
    12M Excs Rtn-45.7%-15.3%44.9%21.1%9.8%9.8%
    3Y Excs Rtn-101.4%68.7%-27.2%-62.3%21.8%-27.2%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 2/32025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q4
    Period End11/2/20248/3/20245/4/20242/3/202410/28/20237/29/20234/29/20231/28/202310/29/20227/30/20224/30/20221/29/2022
    Filing Date12/6/20249/6/20246/7/20243/22/202412/1/20239/1/20236/2/20233/24/202312/2/20228/31/20226/3/20223/25/2022
    Key Financials Quarterly            
    Total Revenue307333300280320295281291342312318313
    Ebitda333831293632283650454033
    Operating Income253023202825212944393528
    Net Income192317162219172233292721
    EPS0.710.830.640.570.800.710.610.801.191.050.960.73
    Key Financials TTM            
    Total Revenue TTM1,2201,2331,1951,1761,1861,2081,2261,2621,2851,3001,3191,330
    Ebitda TTM131134128125132146159171168185205226
    Operating Income TTM971009594102118132146146165185208
    Net Income TTM757774737990100110109123139155
    Growth Rates Quarterly            
    Total Revenue Growth-4.1%12.9%6.8%-3.6%-6.4%-5.7%-11.4%-7.2%-4.1%-6.0%-3.3%23.4%
    EBITDA Growth-7.8%19.4%9.2%-19.4%-28.0%-27.9%-29.9%8.1%-25.3%-30.6%-35.3%125.2%
    Operating Income Growth-12.2%22.0%7.5%-30.4%-35.9%-36.4%-40.8%2.8%-30.2%-35.0%-38.6%164.2%
    Net Income Growth-12.0%16.1%4.6%-28.2%-33.0%-32.8%-38.6%4.9%-30.3%-34.6%-37.8%176.6%
    Margins Quarterly            
    EBITDA Margin10.9%11.6%10.2%10.3%11.3%10.9%10.0%12.3%14.7%14.3%12.6%10.5%
    Operating Income Margin8.0%9.0%7.5%7.1%8.7%8.4%7.4%9.9%12.8%12.4%11.1%8.9%
    Net Income Margin6.3%6.8%5.8%5.5%6.8%6.6%5.9%7.4%9.6%9.3%8.5%6.6%
    Cash & Debt            
    Total Cash91846911171474463486397132
    Total Debt376360369354362365337343330279247246
    Net Debt / (Cash)285276300243291318293280283216150114
    Cash Flows Quarterly            
    FCF from Operations17241753472023110-91827
    Cash Flows TTM            
    FCF from Operations TTM111141138123101643550467789148
    Returns to Shareholders Quarterly            
    Dividends444333322232
    Share Repurchases-0-0-0-05-0-0-010-021-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC25.9%32.1%22.4%24.2%29.2%24.1%22.1%30.5%45.9%53.4%72.1%72.6%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM25.3%27.2%24.0%29.3%26.8%28.0%33.7%39.1%38.5%57.1%92.8%136.2%

    Segment Financials

    Revenue by Segment
    $ Mil20242023202220212020
    Non-Athletics590650594400460
    Athletics517537660520525
    Accessories6369674848
    Other67984
    Total1,1761,2621,3309771,037


    Price Behavior

    Price Behavior
    Market Price$14.49 
    Market Cap ($ Bil)0.4 
    First Trading Date03/16/1993 
    Distance from 52W High-41.9% 
       50 Days200 Days
    DMA Price$16.04$17.59
    DMA Trenddowndown
    Distance from DMA-9.7%-17.6%
     3M1YR
    Volatility47.8%50.6%
    Downside Capture167.63139.61
    Upside Capture18.1875.17
    Correlation (SPY)28.2%29.7%
    SHOE Betas & Captures as of 6/30/2026

     1M2M3M6M1Y3Y
    Beta-0.200.690.360.120.720.73
    Up Beta-0.12-2.182.20-2.42-1.83-2.16
    Down Beta1.542.57-0.91-1.190.01-3.08
    Up Capture-112%-55%-27%-16%-7%-1%
    Bmk +ve Days11244067140429
    Stock +ve Days222222
    Down Capture28%22%19%8%5%3%
    Bmk -ve Days10172358112321
    Stock -ve Days888888

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SHOE
    SHOE-26.7%50.5%-0.45-
    Sector ETF (XLY)5.8%18.7%0.1742.0%
    Equity (SPY)20.2%12.6%1.1830.5%
    Gold (GLD)19.6%28.0%0.636.1%
    Commodities (DBC)30.0%19.0%1.25-17.6%
    Real Estate (VNQ)15.7%14.0%0.8130.1%
    Bitcoin (BTCUSD)-46.3%42.8%-1.3315.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SHOE
    SHOE-14.3%47.7%-0.16-
    Sector ETF (XLY)5.6%23.9%0.2049.6%
    Equity (SPY)12.8%17.1%0.5745.1%
    Gold (GLD)16.9%18.4%0.741.9%
    Commodities (DBC)8.7%19.5%0.348.0%
    Real Estate (VNQ)2.9%18.9%0.0537.0%
    Bitcoin (BTCUSD)13.6%53.5%0.4418.3%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SHOE
    SHOE2.9%53.6%0.27-
    Sector ETF (XLY)12.4%22.1%0.5148.5%
    Equity (SPY)15.3%17.9%0.7344.9%
    Gold (GLD)11.0%16.1%0.550.6%
    Commodities (DBC)7.0%17.9%0.3116.6%
    Real Estate (VNQ)5.3%20.7%0.2240.4%
    Bitcoin (BTCUSD)58.5%66.2%0.9911.0%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date6302026
    Short Interest: Shares Quantity3.8 Mil
    Short Interest: % Change Since 615202618.8%
    Average Daily Volume0.6 Mil
    Days-to-Cover Short Interest6.2 days
    Basic Shares Quantity27.2 Mil
    Short % of Basic Shares13.9%

    Earnings Returns History

    Updated 7/7/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    5/21/20269.5%11.6%0.8%
    3/26/2026-8.1%-11.1%5.8%
    11/20/2025-6.0%0.3%10.2%
    9/4/202520.3%10.7%0.4%
    5/30/20254.2%5.1%1.5%
    3/20/2025-0.9%-3.0%-23.2%
    11/21/20241.1%0.4%3.5%
    9/5/20248.2%5.9%7.9%
    ...
    SUMMARY STATS   
    # Positive151917
    # Negative1068
    Median Positive6.0%5.6%5.8%
    Median Negative-6.1%-7.6%-12.5%
    Max Positive20.3%14.7%21.2%
    Max Negative-16.5%-22.1%-23.2%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    5/21/20269.5%11.6%0.8%
    3/26/2026-8.1%-11.1%5.8%
    11/20/2025-6.0%0.3%10.2%
    9/4/202520.3%10.7%0.4%
    5/30/20254.2%5.1%1.5%
    3/20/2025-0.9%-3.0%-23.2%
    11/21/20241.1%0.4%3.5%
    9/5/20248.2%5.9%7.9%
    5/23/20245.5%10.8%10.8%
    3/21/20248.2%8.4%1.0%
    11/16/2023-8.6%-2.2%21.2%
    8/29/20230.5%1.2%7.4%
    5/24/2023-6.3%-10.0%2.8%
    3/22/20236.7%7.8%7.3%
    11/16/2022-1.0%7.8%-10.9%
    8/25/202211.0%5.3%-7.7%
    5/18/2022-16.5%-22.1%-20.7%
    3/16/20229.7%1.3%-0.4%
    11/17/2021-0.2%0.2%-15.0%
    8/25/2021-6.4%-5.1%-14.2%
    5/19/20211.7%10.8%0.5%
    3/24/20216.0%14.7%18.4%
    2/5/20215.2%4.3%12.1%
    11/18/20202.1%5.6%1.7%
    9/1/2020-0.4%1.6%-7.1%
    SUMMARY STATS   
    # Positive151917
    # Negative1068
    Median Positive6.0%5.6%5.8%
    Median Negative-6.1%-7.6%-12.5%
    Max Positive20.3%14.7%21.2%
    Max Negative-16.5%-22.1%-23.2%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    10/31/202412/06/202410-Q
    07/31/202409/06/202410-Q
    04/30/202406/07/202410-Q
    01/31/202403/22/202410-K
    10/31/202312/01/202310-Q
    07/31/202309/01/202310-Q
    04/30/202306/02/202310-Q
    01/31/202303/24/202310-K
    10/31/202212/02/202210-Q
    07/31/202208/31/202210-Q
    04/30/202206/03/202210-Q
    01/31/202203/25/202210-K
    10/31/202111/29/202110-Q
    07/31/202109/03/202110-Q
    04/30/202106/04/202110-Q
    01/31/202103/26/202110-K
     Collapse to Preview
    Report DateFiling DateFiling
    10/31/202412/06/202410-Q
    07/31/202409/06/202410-Q
    04/30/202406/07/202410-Q
    01/31/202403/22/202410-K
    10/31/202312/01/202310-Q
    07/31/202309/01/202310-Q
    04/30/202306/02/202310-Q
    01/31/202303/24/202310-K
    10/31/202212/02/202210-Q
    07/31/202208/31/202210-Q
    04/30/202206/03/202210-Q
    01/31/202203/25/202210-K
    10/31/202111/29/202110-Q
    07/31/202109/03/202110-Q
    04/30/202106/04/202110-Q
    01/31/202103/26/202110-K
    10/31/202012/04/202010-Q
    07/31/202009/04/202010-Q
    04/30/202006/04/202010-Q
    01/31/202003/31/202010-K
    10/31/201912/05/201910-Q
    07/31/201909/09/201910-Q
    04/30/201906/11/201910-Q
    01/31/201904/02/201910-K
    10/31/201812/07/201810-Q
    07/31/201809/11/201810-Q
    04/30/201806/11/201810-Q
    01/31/201804/02/201810-K

    Recent Forward Guidance

    Updated 7/12/2026

    Latest: Q1 2026 Earnings Reported 5/21/2026

    Forward GuidanceGuidance Change
    MetricLowMidHigh% Chg% DeltaChangePrior
    2026 Net Sales1.12 Bil1.14 Bil1.15 Bil   
    2026 Adjusted EPS1.41.51.60.0% AffirmedGuidance: 1.5 for 2026
    2026 Gross Profit Margin 34.0%  0.0%AffirmedGuidance: 34.0% for 2026
    2026 Adjusted SG&A Reduction12.00 Mil13.00 Mil14.00 Mil0.0% AffirmedGuidance: 13.00 Mil for 2026
    2026 Adjusted Tax Rate 26.0%    
    2026 Inventory Decline50.00 Mil57.50 Mil65.00 Mil   

    Prior: Q4 2025 Earnings Reported 3/26/2026

    Forward GuidanceGuidance Change
    MetricLowMidHigh% Chg% DeltaChangePrior
    2026 Net Sales Growth-1.0%0.0%    
    2026 Gross Profit Margin 34.0%    
    2026 Adjusted SG&A expenses decrease12.00 Mil13.00 Mil    
    2026 Adjusted EPS1.41.5 -23.1% Lower NewActual: 1.95 for 2025

    Q3 2025 Earnings Reported 11/20/2025

    Forward GuidanceGuidance Change
    MetricLowMidHigh% Chg% DeltaChangePrior
    2025 EPS1.81.952.12.6% RaisedGuidance: 1.9 for 2025
    2026 Capital Expenditures25.00 Mil30.00 Mil35.00 Mil   
    2026 Rebanner Investment25.00 Mil27.50 Mil30.00 Mil   
    2026 Inventory Reduction50.00 Mil55.00 Mil60.00 Mil   

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    Core Cache Last Updated: 7/19/2026