.jpg)
Shoe Carnival posts FY24 sales growth, cautious on FY25 forecast
Shoe Carnival store in South Carolina Credits: Dreamstime Footwear retailer Shoe Carnival reported net sales of 1.203 billion dollars, up 2.3 percent for fiscal 2024 driven by continued growth from Shoe Station’s 5.7 percent net sales growth and over 80 million dollars in net sales from Rogan’s, partially offset by a 3.9 percent comparable store sales decline, driven by Shoe Carnival. Net income grew to 75 million dollars or 2.72 dollars per diluted share for the year under review. Looking ahead, the company anticipates volatility due to uncertainties surrounding tariffs, inflation, and geopolitical factors, which could impact consumer confidence and spending on family footwear. As a result, Shoe Carnival forecasts FY25 net sales to be in the range of 1.15 billion dollars to 1.23 billion dollars, down 4 percent to up 2 percent and GAAP EPS between 1.60 dollars to 2.10 dollars. “We achieved the very top end of our annual profit guidance and drove solid sales growth despite a challenging economic landscape. Shoe Station expanded at a pace that made it the fastest growing retailer in our industry once again. We rapidly captured full synergies from our Rogan’s acquisition and grew our sales during key event periods throughout the year,” said Mark Worden, president and CEO. Net sales in the fourth quarter declined to 262.9 million dollars, while comparable store sales declined 6.3 percent. As of March 20, 2025, the company operated 431 stores, with 346 Shoe Carnival stores, 57 Shoe Station stores and 28 Rogan’s stores.
Footwear retailer Shoe Carnival reported net sales of 1.203 billion dollars, up 2.3 percent for fiscal 2024 driven by continued growth from Shoe Station’s 5.7 percent net sales growth and over 80 million dollars in net sales from Rogan’s, partially offset by a 3.9 percent comparable store sales decline, driven by Shoe Carnival.
Net income grew to 75 million dollars or 2.72 dollars per diluted share for the year under review.
Looking ahead, the company anticipates volatility due to uncertainties surrounding tariffs, inflation, and geopolitical factors, which could impact consumer confidence and spending on family footwear. As a result, Shoe Carnival forecasts FY25 net sales to be in the range of 1.15 billion dollars to 1.23 billion dollars, down 4 percent to up 2 percent and GAAP EPS between 1.60 dollars to 2.10 dollars.
“We achieved the very top end of our annual profit guidance and drove solid sales growth despite a challenging economic landscape. Shoe Station expanded at a pace that made it the fastest growing retailer in our industry once again. We rapidly captured full synergies from our Rogan’s acquisition and grew our sales during key event periods throughout the year,” said Mark Worden, president and CEO.
Net sales in the fourth quarter declined to 262.9 million dollars, while comparable store sales declined 6.3 percent.
As of March 20, 2025, the company operated 431 stores, with 346 Shoe Carnival stores, 57 Shoe Station stores and 28 Rogan’s stores.
