Shoe Carnival Inc. reported its fiscal first quarter 2025 results, highlighting a 10 percent outperformance in profits compared to market expectations, achieving an earnings per share $(EPS)$ of $0.34. The company experienced a 7.5 percent decline in total net sales, reaching $277.7 million, down from $300.4 million in the same quarter of the previous year. Comparable store net sales dropped by 8.1 percent. The Shoe Station banner recorded a 4.9 percent increase in net sales, contrasting with a 10.0 percent decline in net sales for the Shoe Carnival banner. Meanwhile, net sales from Rogan's surpassed $19 million, aligning with integration and synergy plans. Shoe Carnival reaffirmed its fiscal 2025 outlook and highlighted its accelerated expansion plan, with Shoe Station expected to comprise over 80 percent of the store fleet by March 2027. The company's balance sheet was strengthened with no debt and an over 30 percent increase in cash on hand compared to the first quarter of 2024.
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