SCVL

MKT CAP:$513M

Shoe Carnival, Inc.

Market Cap

$513M

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Apparel - Retail·🇺🇸·NASDAQ

Stock Price

$18.70+$1.20 (+6.86%)

Apr 24, 2026

Company Details

Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children...

CEO

Clifton E. Sifford

IPO Date

Mar 16, 1993

Website

www.shoecarnival.com

Key Metrics TTM

Revenue

$1.2B

-6.4% YoY

Net Income

$62M

EPS (Diluted)

$2.27

Free Cash Flow

$24M

Revenue / Share

$42.03

Gross Margin

36.1%

Operating Margin

6.6%

Net Margin

5.4%

FCF Margin

2.1%

P/S

0.4x

P/E

8.2x

Earnings Reports

FY 2025

Mar 26, 2026

$1.1B-5.6%EPS $1.90

Q2 2025

Sep 5, 2025

$306M-7.9%EPS $0.70

Q1 2025

Jun 6, 2025

$278M-7.5%EPS $0.34

FY 2024

Mar 21, 2025

$1.2B+2.3%EPS $2.68

Q4 2024

Mar 21, 2025

$263M-6.1%EPS $0.53

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$356M	$144M	$62M
Q4 21	$313M	$117M	$28M
Q1 22	$318M	$113M	$35M
Q2 22	$312M	$113M	$39M
Q3 22	$342M	$131M	$44M
Q4 22	$291M	$111M	$29M
Q1 23	$281M	$99M	$21M
Q2 23	$295M	$105M	$25M
Q3 23	$320M	$118M	$28M
Q4 23	$280M	$100M	$20M
Q1 24	$300M	$107M	$23M
Q2 24	$333M	$120M	$30M
Q3 24	$307M	$110M	$25M
Q4 24	$263M	$92M	$14M
Q1 25	$278M	$96M	$12M
Q2 25	$306M	$119M	$25M

Valuation

Quarter	P/S	P/E
Q3 21	0.8x	6.9x
Q4 21	0.7x	6.2x
Q1 22	0.7x	6.3x
Q2 22	0.5x	5.1x
Q3 22	0.5x	6.0x
Q4 22	0.6x	6.6x
Q1 23	0.5x	6.3x
Q2 23	0.6x	8.0x
Q3 23	0.5x	7.8x
Q4 23	0.6x	9.6x
Q1 24	0.8x	12.8x
Q2 24	0.8x	13.3x
Q3 24	0.8x	12.6x
Q4 24	0.6x	9.4x
Q1 25	0.4x	7.3x
Q2 25	0.5x	9.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$41M	$32M
Q4 21	$27M	$16M
Q1 22	$18M	-$9M
Q2 22	-$9M	-$32M
Q3 22	$10M	-$3M
Q4 22	$31M	$18M
Q1 23	$2M	-$13M
Q2 23	$20M	$5M
Q3 23	$47M	$34M
Q4 23	$53M	$41M
Q1 24	$17M	$7M
Q2 24	$24M	$18M
Q3 24	$17M	$8M
Q4 24	$45M	$36M
Q1 25	-$10M	-$23M
Q2 25	$13M	$2M

Capital Expenditures

Quarter	CapEx
Q3 21	$8M
Q4 21	$11M
Q1 22	$27M
Q2 22	$23M
Q3 22	$13M
Q4 22	$14M
Q1 23	$15M
Q2 23	$16M
Q3 23	$13M
Q4 23	$13M
Q1 24	$10M
Q2 24	$6M
Q3 24	$9M
Q4 24	$8M
Q1 25	$13M
Q2 25	$11M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+29.8%	+15.5%
Q4 21	+23.4%	+17.3%
Q1 22	-3.3%	+4.2%
Q2 22	-6.0%	+0.4%
Q3 22	-4.1%	+1.4%
Q4 22	-7.2%	-8.2%
Q1 23	-11.4%	-7.8%
Q2 23	-5.7%	-1.3%
Q3 23	-6.4%	-2.0%
Q4 23	-3.6%	-0.7%
Q1 24	+6.8%	+6.8%
Q2 24	+12.9%	+12.1%
Q3 24	-4.1%	-3.3%
Q4 24	-6.1%	-4.3%
Q1 25	-7.5%	-4.4%
Q2 25	-7.9%	-7.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$1M	0.4%
Q4 21	$1M	0.5%
Q1 22	$1M	0.4%
Q2 22	$2M	0.5%
Q3 22	$2M	0.5%
Q4 22	$898.0K	0.3%
Q1 23	$1M	0.4%
Q2 23	$1M	0.4%
Q3 23	$1M	0.4%
Q4 23	$1M	0.5%
Q1 24	$2M	0.6%
Q2 24	$2M	0.5%
Q3 24	$2M	0.5%
Q4 24	$2M	0.9%
Q1 25	$2M	0.6%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 21	—	—	$82M
Q4 21	$30M	$59M	—
Q1 22	—	—	$77M
Q2 22	—	—	$74M
Q3 22	—	—	$87M
Q4 22	—	—	$83M
Q1 23	—	—	$78M
Q2 23	—	—	$81M
Q3 23	—	—	$90M
Q4 23	$23M	$56M	—
Q1 24	—	—	$84M
Q2 24	—	—	$90M
Q3 24	—	—	$86M
Q4 24	—	—	$78M
Q1 25	—	—	$84M
Q2 25	$75M	$18M	—

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$86M	$11M	$97M
Q2 22	$52M	$11M	$63M
Q3 22	$37M	$10M	$48M
Q4 22	$51M	$12M	$63M
Q1 23	$33M	$12M	$44M
Q2 23	$35M	$12M	$47M
Q3 23	$60M	$11M	$71M
Q4 23	$99M	$12M	$111M
Q1 24	$57M	$13M	$69M
Q2 24	$72M	$13M	$84M
Q3 24	$77M	$14M	$91M
Q4 24	$109M	$14M	$123M
Q1 25	$78M	$14M	$93M
Q2 25	$79M	$13M	$92M
Q3 25	$94M	$13M	$108M
Q4 25	$117M	$14M	$131M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	29M	-0.4%	+0.0%
Q4 21	29M	+0.0%	-0.2%
Q1 22	28M	-0.8%	-1.1%
Q2 22	28M	-1.8%	-2.9%
Q3 22	28M	-0.4%	-3.0%
Q4 22	27M	-0.9%	-3.8%
Q1 23	28M	+0.2%	-2.9%
Q2 23	27M	-0.3%	-1.4%
Q3 23	27M	-0.0%	-1.1%
Q4 23	27M	-0.3%	-0.5%
Q1 24	27M	+0.3%	-0.4%
Q2 24	28M	+0.3%	+0.3%
Q3 24	28M	+0.2%	+0.6%
Q4 24	28M	+0.1%	+0.9%
Q1 25	27M	-0.4%	+0.2%
Q2 25	27M	-0.1%	-0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$75.8K	5K
Q4 21	$54.0K	6K
Q1 22	$54.7K	6K
Q2 22	$53.8K	6K
Q3 22	$58.9K	6K
Q4 22	$52.9K	6K
Q1 23	$51.1K	6K
Q2 23	$53.6K	6K
Q3 23	$58.2K	6K
Q4 23	$52.9K	5K
Q1 24	$56.7K	5K
Q2 24	$62.8K	5K
Q3 24	$57.9K	5K
Q4 24	$47.8K	6K
Q1 25	$50.5K	6K
Q2 25	$55.7K	6K

Revenue / Employee