revenue $284.3M, net income $6.3M. Shoe Carnival abandons single-banner Shoe Station plan; Q2 sales fall 7.2% and net income drops 67.4%

Filed September 10, 2026 · Period ending August 1, 2026 · Compared to 10-Q Sep 5, 2025 · ~1 min read

Key Changes

• high

  Strategic reversal: company drops single-banner Shoe Station strategy, will run Shoe Carnival and Shoe Station as permanent separate banners.

  MD&A: Strategic Direction verify on EDGAR →
• high

  CEO Mark Worden departed Feb 24, 2026; interim CEO Clifton Sifford appointed. Transition costs: $5.3M charge plus $1.6M tax impact.

  MD&A: CEO Transition verify on EDGAR →
• high

  Q2 net sales fell 7.2% to $284.3M; gross margin dropped 690 bps to 31.9% on promotions and inventory liquidation.

  MD&A: Results verify on EDGAR →