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What's Going On With Shoe Carnival Stock Thursday? - Shoe Carnival (NASDAQ:SCVL)

Shoe Carnival's shift to premium Shoe Station stores aims to boost margins and efficiency with a forecasted $20 million in annual cost savings by 2027, company said.

Summary by Benzinga
Shoe Carnival, Inc. (NASDAQ:SCVL) reported third-quarter sales of $297.155 million on Thursday, beating the street view of $296.333 million. Comparable store sales declined 2.7%. The company said its One Banner Strategy is gaining traction. By banner, Shoe Station delivered 5.3% net sales growth with mid-single-digit comp gains. CEO Mark Worden said Shoe Station’s core customer, with a median household income $60,000-$100,000, is choosing premiu…

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Mid Florida Newspapers broke the news in on Thursday, November 20, 2025.
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