Shoe Station Group, Inc. changed its name on June 12, 2026, after overwhelming Shareholder approval, and its common stock began trading on Nasdaq under SHOE. The change gives investors the company’s current corporate name and stock-market identifier for tracking the common stock.

Key Highlights

  • Second-quarter net sales reached $284.3 million, compared with $306.4 million in the year-earlier quarter.
  • Cash, cash equivalents and marketable securities totaled $131.6 million at quarter-end, up $39.7 million from the comparable period.
  • Quarterly sales reached $284.3 million.

Its common stock began trading on The Nasdaq stock market under the symbol SHOE (NASDAQ: SHOE). The company also reported second-quarter results for the period ended August 1, 2026.

Quarterly Sales Reach $284.3 Million

Comparable-store sales declined 7.1 percent. Shoe Carnival generated $178.5 million, equal to 63 percent of total net sales, while its comparable-store sales declined 6.3 percent. Shoe Carnival banner sales declined 6.5 percent, while Shoe Station (NASDAQ: SHOE) banner sales fell 8.4 percent.

Gross Margin Falls 690 Basis Points

Merchandise margin declined 630 basis points as promotional activity increased and aged and excess inventory was liquidated. The prior-year merchandise margin also included a temporary benefit from price increases ahead of higher tariff-related costs. Selling, general and administrative expenses decreased $10.6 million, while SG&A represented 29.2 percent of net sales, compared with 30.6 percent in the year-earlier quarter. Income tax expense was $2.3 million, with an effective tax rate of 26.7 percent compared with 25.9 percent previously.

Cash Position Reaches $131.6 Million

Cash, cash equivalents and marketable securities stood at $131.6 million at quarter-end, an increase of $39.7 million compared with the second quarter of 2025. Shoe Station Group ended the second quarter debt-free.