Footwear retailer Shoe Carnival (NASDAQ: SCVL) will be reporting earnings this Thursday morning. Here’s what you need to know.

Shoe Carnival missed analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $306.4 million, down 7.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ gross margin estimates and an impressive beat of analysts’ EBITDA estimates.

Is Shoe Carnival a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Shoe Carnival’s revenue to decline 3.8% year on year to $295.2 million, in line with the 4.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Shoe Carnival has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Shoe Carnival’s peers in the apparel and footwear retail segment, only Boot Barn has reported results so far. It beat analysts’ revenue estimates by 2.1%, delivering year-on-year sales growth of 18.7%. The stock was down 4.5% on the results.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the apparel and footwear retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 9% on average over the last month. Shoe Carnival is down 14.6% during the same time and is heading into earnings with an average analyst price target of $22 (compared to the current share price of $16.74).

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