Shoe Carnival Stock Soars 14.07% Despite Sales Decline

On September 4, 2025, Shoe Carnival's stock surged by 14.07% in pre-market trading, marking a significant uptick in investor interest.

Shoe Carnival reported a 7.9% year-over-year decline in sales for the second quarter of fiscal 2025, falling short of Wall Street's revenue expectations. The company's net sales for the quarter were $306.4 million, down from $332.7 million in the previous year. This decline was attributed to continued pressure on value-focused, lower-income consumers.

In response to the challenging market conditions, Shoe Carnival has adjusted its fiscal 2025 outlook. The company now expects net sales to range between $1.12 billion and $1.15 billion, down from the previous range of $1.15 billion to $1.23 billion. The adjusted GAAP EPS is projected to be between $1.70 and $2.10, with a $0.10 increase at the lower end of the range.

Despite the challenging market conditions, Shoe Carnival's stock has shown resilience, with a 6% increase in pre-market trading on Thursday. This positive movement suggests that investors may be looking beyond the current quarter's performance and focusing on the company's long-term prospects.