v3.26.1
Segment Reporting
 3 Months Ended
May 02, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note 8 – Segment Reporting

Shoe Carnival, Inc. sells footwear and related merchandise for the family across our retail banners and sales channels. With respect to our omnichannel strategy, our e-commerce sales channel is integrated with our Shoe Carnival and Shoe Station physical store locations across 35 states and Puerto Rico and is fundamentally inseparable in how we serve our target customers.

Our chief operating decision maker (“CODM”) is our Interim President and Chief Executive Officer. The CODM assesses the performance of our single reportable segment and decides how to allocate resources based on Net Income that is also reported on the income statement as our consolidated Net (Loss) Income. The CODM uses Net (Loss) Income to evaluate performance in deciding whether to reinvest profits, facilitate acquisitions or return funds to shareholders through dividends or share repurchases. Net (Loss) Income is used to monitor budget versus actual results and in competitive analysis by benchmarking to our peers and competitors. The benchmarking analysis and the monitoring of budgeted versus actual results are used in assessing our performance and in establishing management’s compensation.

We have concluded that, on the basis of the principles in FASB ASU 2023-07, Segment Reporting (Topic 280), the expenses below require disclosure under the significant expense principle. The CODM does not review assets in evaluating results. Therefore, such

information is not provided. Operating financial results of our segment for the thirteen weeks ended May 2, 2026 and May 3, 2025 were as follows:

(In thousands)

 

Thirteen
Weeks Ended
 May 2, 2026

 

 

Thirteen
Weeks Ended
 May 3, 2025

 

Net sales

 

$

270,730

 

 

$

277,715

 

 Less:

 

 

 

 

 

 

   Merchandise & delivery costs(1)

 

 

157,294

 

 

 

158,845

 

   Store occupancy costs

 

 

23,335

 

 

 

23,093

 

   Store expenses(2)

 

 

37,667

 

 

 

39,486

 

   E-commerce expenses(3)

 

 

3,898

 

 

 

4,357

 

   Advertising

 

 

11,469

 

 

 

11,100

 

   Store depreciation and other selling expenses(4)

 

 

11,185

 

 

 

10,645

 

   General and administrative expenses(5)

 

 

18,314

 

 

 

18,224

 

   CEO transition and strategic review(6)

 

 

13,605

 

 

 

0

 

   Interest income

 

 

(1,062

)

 

 

(1,103

)

   Interest expense

 

 

85

 

 

 

78

 

   Income tax expense

 

 

568

 

 

 

3,647

 

Net (loss) income

 

$

(5,628

)

 

$

9,343

 

 

(1)
Merchandise & delivery costs include the cost of merchandise and other buying and distribution costs.
(2)
Store expenses include selling expenses generally controlled operationally at the store level, such as store level payroll.
(3)
E-commerce expenses include primarily website maintenance costs and other selling expenses.
(4)
Other selling expenses include store-related health care, other insurance, licensing/tax costs and Property and Equipment write-offs.
(5)
General and administrative expenses include departmental and corporate expenses, including incentive and share-based compensation.
(6)
See Note 2 - “CEO Transition and Related Strategic Review”