Shoe Station Group Q2 2026 sales fall to $284.3 million
- Shoe Station Group (NASDAQ:SHOE) reported second-quarter 2026 net sales of $284.3 million, down from $306.4 million a year earlier.
- Gross profit margin declined to 31.9% from 38.8% due to increased promotions and inventory liquidation.
- The company lowered fiscal 2026 sales and adjusted EPS guidance after weaker quarterly results and footwear industry trends.
Shoe Station Group (NASDAQ:SHOE) reported second-quarter 2026 net sales of $284.3 million, down from $306.4 million in the prior-year period, and lowered its fiscal 2026 guidance.
The decline reflected weaker sales at both banners, with Shoe Carnival net sales falling 6.5% and Shoe Station net sales declining 8.4% amid increased promotional activity and product assortment challenges.
Gross profit margin decreased to 31.9% from 38.8% a year earlier due to higher promotional activity, liquidation of aged inventory, and the absence of prior-year pricing benefits related to tariff-related cost increases.
The company ended the quarter with $131.6 million in cash, cash equivalents, and marketable securities, an increase of $39.7 million from the second quarter of 2025, while remaining debt-free.
Shoe Station Group said back-to-school comparable store sales improved from second-quarter trends, with August comparable sales down low single digits, supported by more localized product assortments.
