Shoe Station Group, Inc. (SHOE) Earnings: Q2 Fiscal 2026 Results and Next Report Date

The quarter ended August 1, 2026 and Shoe Station Group published the results on September 10, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Shoe Carnival, Inc. changed its name to Shoe Station Group, Inc. on June 12, 2026 and now trades on Nasdaq as SHOE (formerly SCVL). Earlier releases in the history table were issued as Shoe Carnival.
• Fiscal 2026 ends January 30, 2027. Q2 is the thirteen weeks ended August 1, 2026. No non-GAAP adjustments were recorded in the quarter, so GAAP EPS is the only per-share figure.

Source: Shoe Station Group Q2 fiscal 2026 results, September 10, 2026. Also in the Form 10-Q for the quarter ended August 1, 2026. Figures as reported; checked against the release on November 10, 2026.

How Shoe Station Group splits revenue in its own release, under its own labels, for Q2 fiscal 2026 against Q2 fiscal 2025. Indented lines are parts of the line above them.

• Shoe Station Group's Non-Athletics revenue was $131 million in Q2 fiscal 2026, down 12% from $149 million in Q2 fiscal 2025, 46% of total revenue.
• Shoe Station Group's Athletics revenue was $137 million in Q2 fiscal 2026, down 2% from $140 million in Q2 fiscal 2025, 48% of total revenue.
• Shoe Station Group's Accessories revenue was $14.2 million in Q2 fiscal 2026, down 11% from $16.0 million in Q2 fiscal 2025, 5% of total revenue.
• Shoe Station Group's Other revenue was $1.3 million in Q2 fiscal 2026, up 56% from $0.9 million in Q2 fiscal 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q2 fiscal 2026 release, Shoe Station Group said:

“Net sales of $1.100 billion to $1.111 billion, representing a decline of approximately 2 to 3 percent versus Fiscal 2025, inclusive of comparable store sales for the second half of Fiscal 2026 in a range of down 1 percent to up 1 percent;”

“GAAP EPS of $0.32 to $0.47 and Adjusted EPS of $0.75 to $0.90;”

“Gross profit margin of approximately 32.5 to 32.7 percent, representing approximately 390 to 410 basis points of compression versus Fiscal 2025;”

“A GAAP tax rate of approximately 37 percent and an Adjusted Tax Rate of approximately 27 percent.”

Source: Shoe Station Group Q2 2026 release, Sep 10, 2026.

This is the company's own guidance as of Sep 10, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SHOE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales in millions and GAAP diluted EPS, each as first reported in that quarter's release.

Shoe Station Group's next report is expected around November 26, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2026 (this page), reported Sep 10, 2026

Shoe Station Group sells family footwear in 35 states and Puerto Rico under two banners. In Q2 fiscal 2026 the Shoe Carnival banner had net sales of $178.5 million, 63 percent of the total, down 6.5 percent, and the Shoe Station banner, aimed at a more affluent customer, had $105.7 million, down 8.4 percent. Total net sales were $284.3 million against $306.4 million, and comparable store sales fell 7.1 percent. (Shoe Station Group Q2 2026 release, Sep 10, 2026; Shoe Station Group Form 10-Q, Q2 fiscal 2026, Sep 10, 2026)

Shoe Station Group said sales in both banners were hurt by an increasingly promotional footwear market and assortments not fully aligned with the customers in its stores. Through the four weeks of fiscal August ended August 29, 2026, net sales declined 3.3 percent and comparable store sales 2.7 percent. (Shoe Station Group Q2 2026 release, Sep 10, 2026)

By product, athletic footwear was $137.3 million of quarterly sales and non-athletic footwear $131.5 million, down from $149.1 million. Women's non-athletic fell to $64.3 million from $74.3 million, while men's athletic rose to $58.8 million from $54.9 million. Accessories were $14.2 million. (Shoe Station Group Form 10-Q, Q2 fiscal 2026, Sep 10, 2026)

Shoe Station Group relies on a few brands: Nike, Skechers and Crocs together made up about 46% of net sales in fiscal 2025, Nike alone about 24%. Shoe Perks loyalty members accounted for about 78% of comparable stores net sales. The store count fell to 422 at August 1, 2026 from 426, and 20 Shoe Carnival stores were rebannered to Shoe Station in the quarter. (Shoe Carnival Form 10-K, fiscal 2025, Mar 26, 2026; Shoe Station Group Form 10-Q, Q2 fiscal 2026, Sep 10, 2026; Shoe Station Group Q2 2026 release, Sep 10, 2026)

Shoe Station Group earned $0.23 a diluted share in Q2 fiscal 2026, against $0.70 a year earlier, on net income of $6.3 million. The drop came mostly from gross margin, which fell 690 basis points to 31.9 percent because of heavier promotions, liquidation of aged and excess inventory, and a prior-year benefit from raising prices ahead of tariff-related cost increases. (Shoe Station Group Q2 2026 release, Sep 10, 2026)

SG&A fell $10.6 million to 29.2 percent of sales, on lower advertising and rebanner costs and lower performance-based pay. No non-GAAP adjustments were recorded in the quarter. For the first half, Adjusted EPS of $0.45 excludes $13.6 million of first-quarter charges for the CEO transition and a strategic review, against GAAP EPS of $0.02. (Shoe Station Group Q2 2026 release, Sep 10, 2026)

The effective tax rate was 26.7% in the quarter. Diluted weighted average shares were 27.3 million against 27.5 million; Shoe Station Group repurchased $7.0 million of stock in the first half, none in Q2, and had $43.0 million left under its authorization. (Shoe Station Group Q2 2026 release, Sep 10, 2026; Shoe Station Group Form 10-Q, Q2 fiscal 2026, Sep 10, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Shoe Station Group lowered its fiscal 2026 guidance in this release. It now expects net sales of $1.100 billion to $1.111 billion, a decline of about 2 to 3 percent, with second-half comparable store sales between down 1 percent and up 1 percent, GAAP EPS of $0.32 to $0.47 and Adjusted EPS of $0.75 to $0.90. (Shoe Station Group Q2 2026 release, Sep 10, 2026)

The guidance assumes gross margin of about 32.5 to 32.7 percent, 390 to 410 basis points below fiscal 2025, and a GAAP tax rate of about 37 percent. The company said it expects the promotional environment to persist through the rest of the year. (Shoe Station Group Q2 2026 release, Sep 10, 2026)

A consensus figure is the average of the models published by the analysts who cover Shoe Station Group, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Shoe Station Group's own release and filings put weight on for Q2 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SHOE is on is SHOE a buy or a sell?, what analysts expect next is on the SHOE forecast, and what the company does is on the Shoe Station Group, Inc. (SHOE) stock page.

Every number on this page can be traced to a document Shoe Station Group published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.