Shoe Station Group Reports Second Quarter 2026 Results
Shoe Station Group's Q2 2026 net sales fell to $284.3 million from $306.4 million a year ago, with comparable store sales down 7.1 percent and diluted EPS of $0.23 versus $0.70 in Q2 2025. Gross margin compressed 690 basis points to 31.9 percent as the company priced competitively into an increasingly promotional footwear market and liquidated aged and excess inventory. Management lowered its Fiscal 2026 outlook to net sales of $1.100-$1.111 billion (down roughly 2-3 percent) with GAAP EPS of $0.32-$0.47 and Adjusted EPS of $0.75-$0.90, reflecting a promotional environment it expects to persist through year-end.
Key figures
- Eps
- 0.23
- Revenue
- 284300000
- Guidance
- FY2026 net sales $1.100B-$1.111B (down ~2-3% vs FY2025), lowered; GAAP EPS $0.32-$0.47; Adjusted EPS $0.75-$0.90; gross margin ~32.5-32.7% (down ~390-410 bps)
- Revenue Yoy
- -7.2% (Q2: $284.3M vs $306.4M stated; YTD net sales -5.0% stated)
- Q2 comps
- -7.1%
- Debt free
- Yes
- Store count
- 421
- August comps
- -2.7%
- Q2 net income
- $6.3 million
- Ytd net sales
- $555.0 million
- Q2 gross margin
- 31.9%
- Ytd adjusted eps
- 0.45
- Q2 dividend per share
- $0.17
- August net sales trend
- -3.3%
- Ceo transition charges
- $13.6 million
- Q2 net income prior year
- $19.2 million
- Q2 gross margin prior year
- 38.8%
- Cash increase vs prior year
- $39.7 million
- Cash and marketable securities
- $131.6 million
AI analysis
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