Shoe Carnival Issues Lackluster 2025 Sales Forecast
1. Shoe Carnival's Q4 sales fell short of estimates, trailing by $8 million. 2. Comparable store sales declined by 6.3%, exceeding analysts' 2% forecast. 3. Company forecasts 2025 sales between $1.15B-$1.23B, below $1.25B consensus. 4. CEO Mark Worden plans to convert 175 stores to 'Shoe Station' brand. 5. Shoe Carnival shares are down over 30% in the past year.