US’ Shoe Carnival forecasts cautious FY25 amid rebannering drive
Shoe Carnival has projected FY25 net sales between $1.15–1.23 billion, with GAAP EPS of $1.60–2.10, factoring in rebanner strategy costs. The company plans to rebanner 175 stores to Shoe Station over 24 months, expecting long-term market share growth. FY24 net sales rose 2.3 per cent to $1.203 billion, with net income at $73.8 million. In Q4, net sales were $262.9 million, with adjusted EPS of $0.54.
Shoe Carnival has projected FY25 net sales between $1.15–1.23 billion, with GAAP EPS of $1.60–2.10, factoring in rebanner strategy costs.
The company plans to rebanner 175 stores to Shoe Station over 24 months, expecting long-term market share growth.
FY24 net sales rose 2.3 per cent to $1.203 billion, with net income at $73.8 million.
In Q4, net sales were $262.9 million, with adjusted EPS of $0.54.
