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FORT MILL, S.C. - Shoe Carnival, Inc. (NASDAQ:SCVL), a prominent family footwear retailer with a market capitalization of $529 million and an "GOOD" financial health rating according to InvestingPro, today declared the reinstatement of Kerry Jackson in the capacity of Senior Vice President, New Business Development. Jackson, who retired in 2023 after a 35-year tenure with the company, including 27 years as Chief Financial Officer, is set to assume his new role on June 9, 2025. His responsibilities will include leading the company’s mergers and acquisitions (M&A) efforts and driving the integration and synergy of acquired businesses.
This strategic appointment aims to fortify Shoe Carnival’s growth trajectory as it seeks to establish itself as the leading family footwear retailer in the nation. The company’s expansion plan involves strategic M&A to enhance customer reach and solidify its competitive standing in the footwear retail sector.
President and CEO Mark Worden expressed confidence in Jackson’s return, highlighting his extensive company knowledge and financial expertise as vital to the company’s M&A pursuits. Worden anticipates that Jackson’s leadership will be instrumental in Shoe Carnival’s national expansion efforts.
Shoe Carnival operates 429 stores across 35 states and Puerto Rico, featuring a wide array of dress, casual, and athletic shoes. The company’s retail presence includes Shoe Carnival, Shoe Station, and Rogan’s storefronts, with online shopping available on its websites.
The information in this article is based on a press release statement from Shoe Carnival, Inc.
In other recent news, Shoe Carnival Inc. reported its first-quarter earnings for 2025, exceeding expectations with an earnings per share (EPS) of $0.34, compared to the forecasted $0.30. Despite this positive result, the company faced a 7.5% decline in revenue, coming in at $277.7 million against the anticipated $284.9 million. The company maintained a strong balance sheet, ending the quarter with $93 million in cash and no debt. Analysts from Williams Trading responded by raising the stock price target to $21 from $17, maintaining a Hold rating, following the earnings announcement.
Shoe Carnival is focusing on its Shoe Station rebranding efforts, which saw a 4.9% sales increase in the first quarter, with rebranded locations experiencing double-digit sales growth. The company plans to expand Shoe Station to represent over 80% of its store base by March 2027, aiming for 51% by the end of the second quarter of 2026. This strategic shift is expected to improve year-over-year sales and margins. The company reaffirmed its full-year 2025 guidance, projecting net sales between $1.15 billion and $1.23 billion.
Rogan sales remained steady at $19 million, aligning with integration plans. Shoe Carnival’s overall sales dropped by 10%, with same-store sales decreasing by 8.1%, highlighting the importance of the Shoe Station expansion. Shoe Carnival’s strategic focus on expanding its Shoe Station brand and enhancing athletic footwear offerings shows promise amid a challenging retail environment.
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